Tenant Termination Options in Commercial Leases
Commercial real estate leases generally do not include a right for the tenant to terminate the lease early. However, in certain circumstances, a commercial tenant may negotiate with its landlord for the inclusion of an early termination option in a lease....
ROFO vs. ROFR: What’s the Difference?
When negotiating a commercial lease, many tenants seek a preferential right to lease additional space in a building. This may be because the tenant wanted additional space when signing the initial lease but such space was not available, or the tenant may simply be...
When to Hire a Commercial Real Estate Attorney
Navigating the complexities of commercial real estate transactions can be a daunting task. Whether you are buying, selling, leasing, raising capital, negotiating loans, or resolving disputes, having a knowledgeable commercial real estate attorney on your side can be...
Key Considerations for Tenants in Retail Leases
Entering into a retail lease is a significant commitment for any business owner. The terms of the lease will impact everything from daily operations to long-term profitability. Understanding the key considerations in a retail lease is crucial to ensure that the...
What are the Key Differences Between Residential and Commercial Leases?
Leases are fundamental agreements in the real estate industry, defining the relationship between landlords and tenants. While residential leases pertain to living spaces such as apartments and houses, commercial leases cover properties used for business purposes such...
What Does a Commercial Real Estate Attorney Do?
What Does a Commercial Real Estate Attorney Do? A commercial real estate attorney helps their client achieve the client’s business objectives in a risk efficient manner. An experienced real estate attorney helps a client understand what to expect with respect to a...
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...