Trusted Advisers, Legal Crisis Managers, Strategies That Work
Trusted Advisers, Legal Crisis Managers, Strategies That Work

NEWS & INFORMATION

ASSIGNMENT AND SUBLETTING:

A Primer for Commercial Landlords and Tenants

When seasoned businesses are faced with what to do with excess rental space or need to cut costs during a financial downturn, they regularly turn to the assignment and subletting provisions of their lease. However, many new businesses have no idea that such rights exist...

IF IT BREAKS, YOU (THE TENANT) FIX IT: 

Maintenance and Repair Obligations under Commercial Leases

A heating and air conditioning (HVAC) system breakdown or other equipment malfunction can mean days of downtime and lost revenue, especially for retailers and restaurants. The breakdown can be even more devastating for business if the tenant is responsible for the repair... 

THERE IS RENT, AND THERE IS ADDITIONAL RENT: 

The Uncertain Nature of Rent in Some Commercial Leases

As you can see, net leases may result in hefty additional rent and expenses that are both unforeseen and uncontrollable by the tenant. To soften the blow and avoid surprises, tenants may want to keep the following in mind. The exact rent structure varies... 

LETTERS OF INTENT (the LOI)

Binding or No?

Far too often clients come to me wanting to drastically change terms they agreed to in the letter of intent. In most instances, they were informed that they can change later, because the letter of intent is non-binding. Not only is this not always accurate...

ESTOPPEL CERTIFICATES 101 FOR TENANTS

The documents are relatively brief and usually appear to state the obvious (rent, lease term, square footage, etc.).   Nonetheless, lurking among the seemingly obvious are laws and inferences that may lead to unintended consequences...

LETTERS OF INTENT (LOI):

Five Common Surprises to Avoid for Retail Leases

Entering into a retail lease is one of the biggest financial commitments undertaken by some independent retailers and franchisees.  The letter of intent is the starting point for this commitment and sets the trajectory for the entire lease term....

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