Breach of contract is one of the most common legal disputes involving real estate. Reasons for this are that real estate contracts are typically long, complicated, and outline various rules and conditions. Issues often arise because actions cause a financial loss or...
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Commercial Real Estate
What to know about negotiating a commercial lease
Whether you are a small business owner ready to move out of your garage and into a commercial space or a multi-store retailer looking to expand further, finding the right location is key. However, that's not the only factor you must consider. When it comes to...
2 errors tenants make when signing a commercial lease
As a business owner, you know how important it is to find the right location for your operations. When you finally find that perfect building in the perfect area, you are likely eager to get the paperwork done and move in. However, before signing on the dotted line,...
4 mistakes to avoid in a commercial lease agreement
Commercial lease agreements can be complex documents designed to meet the needs of both the landlord and the tenant under changing circumstances. Whether facing a challenging economy or fluctuating market, it is not uncommon for landlords to often present a template...
Understanding deed restrictions on commercial properties
Some commercial properties, just like some residential properties, have deed restrictions on the land they’re built on. Those who are new to buying property might not think to look for these restrictions, which are usually found in the title search. Deed restrictions...
What is a brokerage agreement for?
Contracts are an everyday fact of life for those in real estate. One contract that is an integral part of every transaction is the brokerage agreement. This formal agreement outlines the details between the buyer or seller and their real estate agent. As with any...
What should you include in a commercial lease contract?
Most businesses get to encounter a commercial lease contract at some point. Also known as a commercial lease agreement or a business lease, understanding the components of the document, and the implications of each element are critical to the smooth running of your...
Will your business be responsible for a lease when it can’t open?
Signing a commercial lease means accepting years of financial obligation to a landlord. Unlike residential leases, commercial leases often last for multiple years. You need to have faith in your business to take responsibility for multiple years of commercial rent...
Does your project require a commercial construction loan?
When you’re trying to work on a commercial property, you may need to sign a construction contract and get a construction loan. These loans are unique, and you do need to make sure that they are written to your benefit. It is rare for a property to be exactly what...
Avoid contract disputes by making your contracts clearer
Contract interpretation is a problem in some cases. When what you believe a contract means isn’t what the other party thinks it means, you can end up with trouble. The good news is that you have options to reduce the likelihood of contract disputes and issues with...