Tip for Commercial Real Estate Tenants: Negotiating a Cap on Controllable Operating Expenses
Under a commercial lease, tenants are typically responsible for various expenses associated with operating the property that are passed through from the landlord. As a result, the tenant bears the burden of increasing operating expenses, while the landlord, which is...
Tip for Commercial Real Estate Tenants: Negotiate for a Right to Make “Cosmetic Alterations”
When negotiating a commercial lease, one of the points that a tenant should ask for in nearly any lease is the right to make "cosmetic alterations" to the premises. Understanding and negotiating this right can meaningfully impact your business operations and overall...