Frequently Asked Questions
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Category Archives: Leases
What is a landlord’s lien and how does it affect my business?
Commercial leases often include something called a landlord’s lien. A landlord’s lien is a provision granting landlords a first lien in all of the personal property located on the premises. Do not agree to such a provision, because if your … Continue reading
How can I limit personal liability in a commercial lease?
Reduce your personal liability by placing a limit on personal guarantees. Personal guarantees are required by most landlords, but the scope of those guarantees is often negotiable. You can reduce your personal exposure by limiting the guarantee to a set number … Continue reading
What do common area maintenance fees include?
Don’t let your landlord pass the buck to you with inappropriate common area maintenance (CAM) costs. Common area maintenance clauses require tenants to pay their proportionate share of the maintenance and operation costs but exactly what’s included varies from lease … Continue reading
How can I be sure the square footage is calculated correctly?
Only pay for the space you get by double checking landlord measurements of rental spaces. Commercial tenants often overpay for their spaces because of the inaccurate measuring of the premises. “Phantom space,” the extra space listed on lease agreements that … Continue reading
What are continuous operations clauses?
Continuous operations clauses require you to continuously operate your business during the days and hours set forth in the lease. If you were not to continuously operate your business during those times, the landlord could terminate the lease. A more … Continue reading
Posted in Leases, Real Estate
Tagged commercial leases, commercial real estate, continuous operations
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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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