A business may need to leave its commercial space before the lease ends. Whether it can do so depends largely on the lease terms. An early termination clause may give a business that option, but the clause may include specific conditions, notice rules or costs. Check...
A business that needs to leave its leased space before the lease ends may not have to walk away from its space or absorb the cost of the remaining term. Assignment and subletting are two approaches a commercial tenant may use to transfer or grant another party rights...
Businesses that fail or growing businesses that cannot sustain specific locations sometimes need to shutter their facilities. The timing of that decision may not necessarily align with the actual end of a commercial lease. Leases for industrial facilities, retail...
Business owners and entrepreneurs looking for retail or office space may choose to rent facilities in a business complex that contains multiple units. Landlords who lease multi-unit commercial buildings frequently pass maintenance and repair costs on to their tenants....
One issue that landlords and tenants sometimes run into is access to the property. It can often be a matter of perspective. A landlord may think that they are allowed to access the property at any time because they own it. Meanwhile, a tenant may think they should...
Filing a mechanic’s lien can be a powerful tool to secure payment for unpaid labor, materials or services on a construction project. It gives you a secured claim against the property itself, which can pressure the property owner to pay up. However, filing the lien is...
Investing in commercial real estate in Arizona offers tremendous potential, but only when you do everything right. Whether you’re purchasing a new office space, leasing retail property or expanding your investment portfolio, each transaction comes with its own set of...
Commercial leases impose obligations on both commercial tenants and landlords. Tenants must pay rent and cover other costs. Landlords may have to provide certain amenities. Commercial leases tend to include a variety of clauses that are not necessary in residential...
Tenants reviewing commercial leases often have the option of negotiating with prospective landlords. Commercial landlords seeking to lease their office spaces, manufacturing facilities or retail shops may compromise on certain details to secure a new tenant. Asking...
Disputes between landlords and tenants can be costly and annoying for both parties. Often, they could have been avoided if both parties had been clearer about things from the start. Here are some key issues to clarify in the lease contract. 1. What is included and...