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,…
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…
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,…
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,…
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…
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…
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…
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…
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…
