Grounds for Commercial Lease Terminations
Commercial leases govern the relationship between a property owner and a business leasing space for its operations. One of the most critical terms in commercial leases is the grounds by which one or either party may terminate the lease. Parties may agree to various provisions that entitle the landlord or tenant...
Renegotiating Your Commercial Lease: When and How to Do It
The COVID-19 pandemic prompted many businesses to explore commercial lease renegotiation, but even without a global crisis, knowing how and when to renegotiate a lease is valuable for all parties involved.
Renegotiating a commercial lease can be a strategic move, offering the opportunity to adjust terms to better...
Explaining Late Fees and Defaults in Commercial Leases
Commercial leases can be quite complex and challenging to understand. Late fees and defaults can sometimes arise around leases. Since these elements directly impact lessees and lessors, the parties need a thorough understanding of the legal framework, best practices, and strategies regarding late fees and defaults, especially when managing and mitigating...
Understanding The Common Pitfalls of Commercial Leases
Commercial leases are crucial for many businesses. They can provide a foundation for operations and growth. However, these complex agreements can be challenging. Many businesses fall victim to common pitfalls with significant financial and legal consequences.
Sul Lee Law, with its experienced commercial real estate lawyers, assists clients...
Assigning vs. Subletting a Commercial Lease
Many companies need a physical space in which to conduct their business, whether that’s a corporate office, a retail space, a service location, or even a storage warehouse.
While purchasing property or facilities is one option, not every company can afford the often significant upfront expense. A commercial...
The Ultimate Guide to Negotiating Tenant Buildouts
Moving into a new commercial space is an exciting milestone in your company’s journey, but in many cases, the property will need a few updates before it can fully support your unique needs.
Tenant improvements can help you transform a blank piece of commercial real estate into the...
Signing a New Lease for Your Business? Beware of These Clauses
The terms of a business lease can seriously impact your business function and finances — for better or worse. Before you sign on the dotted line of a new business lease, take the time to review the terms with care.
The terminology used in business leases can mean you’re...
Commercial Real Estate Transaction: Who Do I Get Help from When Buying or Selling a Business?
