Making Estoppel Provisions More Effective for Commercial Landlords
The timely provision of estoppel certificates, SNDAs and other items requested from a tenant, especially in connection with the potential sale or refinancing of a property is a critical issue for commercial landlords. Unfortunately, landlords often encounter delays as...
What is the Role of Escrow in a Commercial Real Estate Transaction?
Commercial real estate transactions are often complex, involving significant sums of money, extensive documentation, and multiple parties with varying interests. One crucial component that helps streamline and safeguard these transactions is the escrow process. Escrow...
Real Estate Syndication Explained for Potential Investors
Real estate syndication is a powerful investment strategy that allows individuals to pool their resources and invest in larger and potentially more lucrative properties than they could on their own. Syndications involve the pooling of funds from multiple investors to...
ROFOs and ROFRs – Traps for the Unwary
Purchase Options: Traps for the Unwary In the realm of commercial real estate, the terms Right of First Offer (ROFO) and Right of First Refusal (ROFR) are commonplace, often finding their way into leases and other agreements. At first glance, these rights might seem...
Understanding Usable Square Footage vs. Rentable Square Footage: A Guide for Tenants
Navigating the world of commercial real estate can be a daunting task, especially when it comes to understanding the intricacies of lease agreements. One of the key aspects that often confuses tenants is the distinction between usable square footage (USF) and rentable...
Key Points to Consider in Negotiating a Commercial Real Estate Joint Venture
Commercial real estate joint ventures (JVs) offer a way for parties to pool resources, share risks, and leverage combined expertise to achieve mutual investment goals. However, negotiating a successful joint venture involves careful planning and clear agreements on...
Tips for Negotiating a Commercial Lease as a Tenant
Negotiating a commercial lease can be a complex and challenging process, especially for tenants who may not be familiar with the intricacies of commercial real estate. Securing appropriate terms can be crucial for ensuring the long-term success and stability of your...
How Does an Easement Affect You and Your Property?
Easements are an important but often misunderstood aspect of property law. An easement is a nonpossessory right to use another person's land for a specific purpose. Types of Easements There are several types of easements, some of the most common include: Appurtenant...