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...
Commercial Real Estate
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,...
Can your commercial landlord stop you from changing businesses?
Some businesses continue to offer the same products and services for their entire existence, while other businesses have to change to stay profitable. If you have noticed less demand for your goods and services or if the industry in which you currently operate is...
What kinds of problems lead to construction defect claims?
Sometimes a defect in construction is easily spotted and easily fixed. Other times, hidden flaws in a building’s construction only become evident after a period of time. Either way, as a builder, you can end up in litigation. To avoid those kinds of issues, it helps...
Know the zoning before you purchase a commercial property
Buying a property for your business is a major investment. Whether you need the facilities to start a business or to expand an existing company, there are many concerns that you will have to balance when determining whether a property is right for your needs or not....