Negotiating a Landlord Warranty in a Commercial Lease
When entering into a commercial lease, one of the key considerations for a tenant is the condition of the leased premises. In most cases, the tenant takes the premises in its "as-is" condition upon delivery, meaning that defects or issues with the space may become the...
Negotiating A Cap on Controllable Operating Expenses in a Commercial Lease
In the context of commercial real estate, particularly with triple net (NNN) leases, the allocation of operating expenses is a key component. NNN leases typically allow landlords to pass through the cost of operating a property to tenants. While this arrangement...