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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...
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...
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...
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...
If you are considering leasing a commercial space, you have countless factors to consider. From the size of the space to the terms of the lease, there is no shortage of details on your list to examine. One of the most important is the due diligence performed regarding...
Commercial properties are a good option for some people to make money. But, this doesn’t come without some risks. One risk that comes with having commercial rental property is that you may have to evict a tenant at some point. Evicting a commercial tenant is a lot...
There’s a lot of work that you put in before you can sign your commercial lease agreement and start receiving regular payments from your tenants. For starters, you first need to design the terms of the agreement that you will have your tenants sign. There are a few...
You’re moving toward starting a new business, and you find the ideal commercial property. It will fit your needs, it’s in a great location, and the price fits your budget. Before you buy, make sure that you can actually use that property as intended. You must know...
Ideally, a commercial tenant and a landlord will both understand exactly what the contract means on the day that they sign. The reality, though, is that these two parties can both read the exact same contract and interpret it differently. If they do, this can lead to...
Limited liability companies (LLCs) are common corporate structures. As LLC ownership is a matter of public record, it is simply a matter of research to discover who the owner of an LLC is. However, that can be a time-consuming effort, which is a problem when time is...