Lease Negotiations: Don’t Let the Other Party Turn Your Lease Agreement into a Blank Check

Leasing a commercial property can be a significant investment for your business, and the lease agreement is a crucial element of that investment. It is important to negotiate the terms of your lease agreement to ensure that it meets your business needs while also protecting your interests. One common mistake that tenants make during lease negotiations is allowing the other party to turn their lease agreement into a blank check. In this blog post, we’ll discuss what this means and how you can avoid it. What does it mean to turn your lease agreement into a blank check? When we

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Commercial Lease Negotiations: A Guide to Getting the Best Deal

You’ve found the perfect location for your business and are ready to sign the lease. However, before you do so, it’s important to understand the terms and conditions of your commercial lease agreement. Commercial lease negotiations can be complex, but they’re critical to ensuring that you get the best deal for your business. Here are some key factors to consider when negotiating your commercial lease agreement: Tenant Improvement Allowance. When renting commercial property, landlords will often offer tenants an allowance to help cover the cost of making necessary improvements to the space. This can include painting, installing new carpet, or

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Key Provisions of a Commercial Lease

An Explanation of the Key Provisions of a Commercial Lease Agreement and Why They Matter

A commercial lease agreement is a legally binding document between a landlord and a tenant that outlines the terms and conditions of the rental of commercial property. The agreement serves as a guide to the rights and obligations of both parties, and it’s crucial that each provision is understood and agreed upon before signing. Here is an explanation of some of the key provisions in a commercial lease agreement and why they matter. Rent Payment and Due Date: This section outlines the monthly rent amount, due date, and the consequences of late payments. It’s important to agree on a due

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Common mistakes made by tenants

Common Mistakes Made by Tenants in Commercial Lease Agreements

As a business owner, signing a commercial lease agreement for your business is a major step. A lease agreement outlines the terms and conditions of your arrangement to lease commercial space with the landlord. It is intended to ensure that both you and the landlord are on the same page. However, it’s not uncommon for tenants to make mistakes when signing a commercial lease agreement. In this blog post, we’ll discuss some of the most common mistakes made by tenants in commercial lease agreements and how to avoid them.  Not Reading the Lease Agreement Carefully: Before signing a lease agreement,

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How to Review a Commercial Real Estate Lease

NEED TO REVIEW A COMMERCIAL REAL ESTATE LEASE?  HERE ARE 15 TIPS FOR PROSPECTIVE COMMERCIAL REAL ESTATE TENANTS Are you looking for the perfect place to base your business operations? Don’t forget that a bad lease agreement can be disastrous. We have compiled 15 tips to help guide you through any potential real estate leasing minefield, so make sure to check them out now! And if there’s more information or advice needed, don’t hesitate – we’re here and ready when it comes time to talk about commercial real estate leases. TIP #1. THE PARTIES Make sure that the correct parties

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Successful retail investment property investors consistently implement their due diligence process to ensure that what initially seems like an attractive opportunity, doesn’t become a chronic headache. Many of these investors have spent decades refining and simplifying their process. Below are six tips to help avoid traps for the unwary when it comes to purchasing retail investment property, such as strip centers, shopping centers, multi-tenant and single-tenant investment properties. TIP #1:  Title Review. Carefully review the title commitment and the underlying exception documents referenced in the commitment as soon as possible.  Why? A thorough title review can reveal hidden costs, restrictions and obligations that may significantly

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4 Reasons to Consider Working with a Transactional Attorney

If you are facing a major business transaction and thinking of not hiring a transactional attorney to save on fees, consider the following benefits of having an experienced attorney on your side: 1. Obtain More Favorable Contract Terms When the other side sees that you have an experienced transactional attorney on your side, the proposed terms that you receive at the outset may be more favorable than the terms that would otherwise have been presented to you.[1]  Also, an experienced attorney with industry experience can provide an additional viewpoint to help you evaluate and refine proposed terms, whether such terms

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Q&A: Letters of Intent

A letter of intent is frequently used by entrepreneurs and investors to buy or lease commercial real estate. Despite its popularity, however, parties continue to make avoidable, crucial mistakes. The following Q&A will help you understand the key elements of a letter of intent and provide tips for avoiding common mistakes. Q:  What is a letter of intent?  A:  A letter of intent is a written summary of the key deal terms of a contemplated transaction.  Although a letter of intent, commonly known as a LOI [1], may be used in a variety of contexts, the discussion here focuses on two types of

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