Frequently Asked Questions
We’re business law and franchise lawyers in Chicago providing customized legal services to businesses and their owners, franchisors and franchisees, and the restaurant and hospitality industry. Our knowledgeable, effective, and responsive attorneys counsel clients in connection with contracts and franchise agreements, corporate and LLC issues, leases and real estate transactions, employment issues, estate planning and business succession, and lawsuits and alternative dispute resolution.Search For:
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Author Archives: mboxerman
How do exclusivity and permitted use clauses affect my business?
Exclusivity and permitted use clauses are two sides of the same coin. Exclusivity clauses help your business by preventing your landlord from leasing spaces in the shopping center to competing businesses, but permitted use clauses may keep your business from … Continue reading
What is a demolition clause?
A demolition clause allows a landlord to terminate your lease to redevelop or demolish a property and are often found in leases for older properties. This is problematic for tenants who invest in their rental property by making improvements only … Continue reading
Can my landlord force me to relocate my business?
The answer to that depends on whether there is a relocation clause in your lease. A relocation clause permits a landlord to move your business to another location in the same building or shopping center to make room for another … Continue reading
Can I sublease or assign my commercial rental property?
As a business owner who might sell your operation in the future, you must have the right to sublease the premises or assign your lease. To preserve your right to sublease or assign, you must avoid leases with overly restrictive … Continue reading
Posted in Leases, Real Estate
Tagged assignment, commercial lease, commercial rental, real estate, sublease
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What are some red flags in commercial leases?
Commercials leases are far more complex than residential leases. So, it is important to carefully read the proposed lease terms offered by your potential landlord and to advocate for adjusted terms that are tailored to your needs. While there is … Continue reading
Posted in Leases, Real Estate
Tagged commercial lease, commercial properties, lease negotiations, lease terms, red flags, rental properties
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How can I avoid paying too much commercial rent?
Lowering your commercial rent is possible if you follow a few simple steps. First, choose a sensible location. Then, call an experienced real estate attorney to go over the terms of the proposed commercial lease. A knowledgeable attorney can help … Continue reading
Posted in Leases, Real Estate
Tagged commercial lease, commercial real estate, commercial rent, lower rent, rental properties
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How do I choose the right business location?
When you’re choosing a new business location, start by considering your business’ specific needs. It is always tempting to choose a high-profile location, but, for some businesses, the exposure isn’t worth the price. First, think about how important location is … Continue reading
Are commercial lease terms negotiable?
Yes. Commercial lease agreements are made up of many components, almost all of which are negotiable depending on your degree of bargaining power. Even if the landlord won’t budge on the rent, there are plenty of terms that may be … Continue reading
What is a commercial lease?
A commercial lease is a contract between a landlord and a business for the rental of a building space or other commercial property. Commercial leases are more complex than residential leases because their terms are negotiable and vary considerably from … Continue reading
Posted in Leases, Real Estate
Tagged commercial leases, commercial real estate, commercial rentals, lease agreements
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What steps should I take before terminating an employee?
Terminating an employee is never pleasant, especially if you’re worried about a potential lawsuit. Be sure to review this checklist to best avoid unnecessary litigation and to help ensure you are prepared to defend against a claim for unlawful termination … Continue reading