You're renting a commercial property for your business, so you're not the owner. That said, you definitely were involved with designing the space and the person who owns the building isn't there very often. So who has to make repairs if something breaks or...
Real Estate Law
Should you sell or lease your commercial property?
Investing in commercial property is a very popular way to set up significant income channels, but there are many different ways to do it. For instance, if you own a commercial property, you could sell it and use the money you make to buy another property- perhaps a...
Building good landlord-tenant relationships
There are all kinds of tricky tenants in Arizona who cause headaches or even nightmares for even the most seasoned landlords. Some love eardrum-rattling music or parties, have pets that will chew or destroy anything they can get their teeth around or abuse property....
Can you break a commercial lease if your revenue is lower than expected?
As a business owner, you thought that the commercial space you found was ideal. It has turned out, however, that it’s far less attractive than you expected. The foot traffic is lower than you anticipated, and your earnings are much lower than you had dreamed possible....
Common challenges to be overcome as a real estate developer
Being in the real estate development industry can be exciting and rewarding, but also challenging. To some extent, property development is about taking risks and managing those risks. It also requires strong interpersonal skills and being able to deal with...
Does your commercial lease have a rent escalation clause?
When you’re negotiating (or signing) a commercial lease, it’s extremely important to read every single line of the contract as carefully as possible. One item to which you need to pay particular attention is the rent escalation clause (because there’s bound to be...
Avoiding disputes with your commercial landlord starts with your contract
When you rent commercially, you have a lease that details your rights and responsibilities. Your lease will also discuss what the landlord is obligated to do for you. Naturally, you want a lease that works in your favor (whenever possible) or is fair. Negotiating a...
Use and exclusive use clauses in commercial leases
You’ve been looking hard for the right commercial location for your business, and you’ve finally found the spot. Now, all you have to do is negotiate the contract for the lease with the landlord. This is when things can get tricky. Commercial leases can be vastly more...