If you are thinking about purchasing a piece of commercial property in Mississippi, you probably already understand the importance of performing extensive due diligence. As part of this due diligence, you may want to conduct a property inspection. When you do, you...
Commercial Real Estate
What are red flags in commercial lease agreements?
After several months of planning, you feel ready to bring your business to life in the right building. Without knowing common commercial real estate agreement pitfalls, the wrong lease could turn your dream business into a nightmare. LinkedIn explains several business...
3 things to consider when negotiating a commercial lease
Taking on a commercial lease is a major decision that requires careful consideration. If your business ends up tied to a legally binding agreement that is not workable, there could be noticeable impacts on profitability. As a result, it can be beneficial to prepare...
How do commercial leases differ from residential ones?
Renting commercial space is a significant consideration for any business. The success of your business is largely contingent on its location and the terms of the lease you entered into. Before you engage a landlord, you must understand how a commercial lease differs...
Who does property maintenance when you lease a commercial space?
There are advantages that come from renting commercial real estate instead of purchasing it. There is less upfront investment required. There will also be greater opportunity to move to a different space when your needs change. Such flexibility is often crucial for...
What restrictive terms might occur in a commercial lease?
Commercial leases are much different than residential leases because of the nature of the industry. The leases that businesses sign are often much more comprehensive than leases for homes. There are several things that you need to check if you’re considering a...
What are mineral rights?
People who are considering purchasing a property might think that they own everything on and in the land. That might be the case sometimes, but there’s one aspect of property ownership that some people don’t really understand – subsurface rights. These rights are...
Do you need a force majeure clause in your commercial lease?
Signing any lease means making a major financial commitment to a landlord, but commercial leases often have many longer-lasting consequences than residential leases. First of all, rent for a commercial space is almost always higher than rent for a comparably-sized...
What is a party fence?
When you hear that the commercial property you are hoping to buy has a "party fence," it might sound attractive. After all, what could be nicer than having sociable neighbors, right? The truth is a party fence can be a real headache. It could be the reason you fall...
Use and exclusive use: Two majorly important clauses in a commercial lease
Negotiating a commercial lease is nothing like negotiating a residential one. There are laws in place that are designed to protect the ordinary consumer, but the commercial renter is pretty much on their own to spot a bad deal when they see one. With that in mind,...