What Happens to Commercial Real Estate Leases When a Property Is Sold?
In Massachusetts, commercial real estate transactions often raise an important question for both landlords and tenants: What happens to an existing commercial lease when a property is sold? The short answer is that the lease typically remains in effect, and the new...
Death and Disability / Key Person Provisions in a Commercial Lease
In certain commercial leases, particularly for businesses that are heavily reliant on the expertise or presence of a specific individual, the tenant may negotiate for the inclusion of a death and disability or key person provision. Such a provision is designed to...
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....