Tenant Surrender Obligations in Commercial Leases
Tenant surrender obligations are an important aspect of commercial leasing, defining the conditions under which a tenant must return the leased premises to the landlord at the end of the lease term. These obligations impact the landlord's ability to re-let the space...
Allocating Responsibility for Interruptions in Utility Service under a Commercial Lease
Utility service is a fundamental component of any commercial lease, ensuring that tenants have the necessary resources to conduct their business in the leased premises. Unfortunately, interruptions in utility service can and do occur for a variety of reasons, causing...
What is a Choice of Law Provision in a Commercial Real Estate Purchase Agreement and Why is it Important?
Although it may appear to be boilerplate language, the choice of law clause plays a practical role in shaping how a purchase agreement is interpreted and enforced. For both buyers and sellers, identifying the governing law in advance can reduce procedural...
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...
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...