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...
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...