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When a tenant signs a personal guarantee, they agree to take responsibility for their business’ debt if they fail to meet the terms of the lease agreement. In most cases, landlords enforce this guarantee when the business fails to pay rent. As a commercial landlord,...
Commercial leases without written agreements can lead to serious problems. Although verbal contracts may seem convenient, they often lack crucial details. This oversight can result in misunderstandings, disputes, and legal headaches. Let's explore why a written lease...
Commercial property disputes can be stressful for you as they often involve significant financial stakes, potential disruptions to operations and legal complexities. Should conflicts involving your property arise, you will likely have to choose between mediation and...
It's no secret how challenging the economic climate is right now. It's hard even for some established businesses to meet their financial goals. When your tenants struggle to pay rent, they can end up defaulting. If this happens, your business can face serious risks. A...
Pop-up shops are booming in Phoenix. They let businesses test new markets or cash in on seasonal trends. As a property manager, it’s helpful know the legal challenges these short-term setups bring. Pop-up retail has changed the commercial scene, offering unprecedented...
Owning commercial real estate involves ensuring your investment remains profitable. A significant challenge you might face is dealing with a tenant who breaches the lease agreement. Addressing this concern can be complicated, but knowing when and how you can legally...
When investing in commercial real estate, understanding critical legal clauses in lease agreements is essential. These terms protect your interests and ensure a smooth, profitable leasing process. Here are four important provisions you should know. Lease term and...
When negotiating your commercial real estate leases in Arizona, you should include a damage provision. This is sometimes called a damage and destruction clause. Most damage provisions state that the tenant is responsible for keeping the property in the same condition...
Purchasing commercial property is often a good investment. Since most commercial property leases last for years, commercial property tenants can provide a consistent, long-term source of income. Finding good commercial property tenants may sometimes be difficult....
If a commercial property has a hidden defect, it can cause several problems for the purchaser. A hidden defect is a flaw or issue with the property that is not visible during an inspection or a condition that the seller did not disclose. Hidden defects There are...