Blog Archives

What is a commercial property loan?

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commercial property loan What is a commercial property loan? Commercial property is revenue-earning real estate used for commercial purposes. Commercial property loans, which are mortgages secured by liens on commercial property, are often used to finance the purchase, development, refinancing, and construction of…
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Posted in Commercial Leasing, Real Estate

Why are commercial real estate loans non-recourse?

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commercial real estate loans Why are commercial real estate loans non-recourse? A non-recourse commercial real estate loan does not give the lender any recourse against the borrower’s personal assets. If the borrower fails to make a payment or violates the terms of the arrangement,…
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Posted in Commercial Leasing, Real Estate

What are the major requirements for a commercial mortgage?

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commercial mortgage What are the major requirements for a commercial mortgage? Similar to typical mortgage loans, commercial mortgage loans let you borrow money to secure any land or property for a business rather than a residence. Additionally, you can use commercial mortgage…
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Posted in Business Law, Commercial Leasing, Finance

How to prepare to pitch to a bank for a commercial loan?

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bank for commercial loan How to prepare to pitch to a bank for a commercial loan? There are key points to understand when asking a bank for a commercial loan. You’ll need to prove that you have a plan, provide specific financial information, persuade…
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Posted in Business Planning, Commercial Leasing

Can my commercial lease be voided if the property is sold?

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commercial lease be voided Can my commercial lease be voided if the property is sold? When a commercial building is sold, the tenets do have a list of rights that will often protect them from eviction. Usually, the act of selling the property does…
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Posted in Commercial Leasing, Real Estate

Can a landlord keep a deposit if a tenant breaks the lease on a commercial property?

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landlord commercial property Can a landlord keep a deposit if a tenant breaks the lease on a commercial property? In most situations, you must give your landlord 30 days’ written notice if you are the tenant and plan to leave. If you don’t,…
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Posted in Commercial Leasing, Real Estate

When does a commercial lease get voided?

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commercial lease get voided When does a commercial lease get voided? Leasing agreements may be void simply due to illegitimate terms. A contract that has been voided is said to be void “on its face,” which means that no one can enforce it. A…
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Posted in Commercial Leasing, Real Estate

How do the terms of a commercial lease operate?

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commercial lease operate How do the terms of a commercial lease operate? A tenet is given rights to a commercial property through a commercial lease. It’s a legally binding contract that specifies any terms and restrictions you and the landlord (who is frequently…
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Posted in Commercial Leasing, Real Estate

What are the best practices for Commercial Real Estate leasing?

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Commercial Real Estate leasing What are the best practices for Commercial Real Estate leasing? If you have a business that needs a physical space to operate from, one of your major expenses will be your rent. If a lease is not negated properly, it…
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Posted in Commercial Leasing, Real Estate

When can a tenant break a rental lease?

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tenant break a rental lease When can a tenant break a rental lease? While a lease is a legally binding contract, there are many legitimate reasons for a lease to be broken. In the following circumstances, you might be entitled to vacate the property legally…
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Posted in Business Law, Commercial Leasing, Real Estate