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...
Commercial Landlord Tenant Law
Addressing damage to your commercial real estate
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...
Finding tenants for your commercial properties
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....
How do I address a hidden defect with commercial property?
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...
Do eviction moratoriums apply to commercial real estate?
Over the past 3 years, eviction moratoriums have become part of our vernacular due to the state of things. And, while we know that eviction moratoriums apply to residential real estate, some commercial tenants and landlords may wonder if they apply to commercial real...
What should I do if my commercial tenant is not paying rent?
If you own a commercial building, you may decide to rent it out. Unfortunately, if your tenant does not pay their rent, it can be difficult to know what to do next. Reasons for non-payment A commercial tenant may have several reasons for not paying rent. They may be...
Right of renewal and right of first refusal in commercial leases
When an owner of a commercial property owner in Arizona enters a lease with a tenant, the lease may include several clauses to address various issues that may arise during and after the tenancy. The right of renewal or right of first refusal are two clauses that are...
What if a commercial tenant is not paying their rent on time?
In Arizona, businesses that rent commercial property are obligated to pay their rent on time just as residential renters are. The property owner has the right to initiate a legal action if they are not receiving the rent when it is due. For many, it is a last resort...
How to address a breach of your commercial lease agreement
You worked hard to negotiate and create your commercial lease agreement. But now you have a tenant who is failing to abide by its terms. What are you going to do? There are several ways to approach a lease agreement breach. Finding the path forward that’s right for...
Commercial property owners struggle as offices sit empty
Some commercial property owners in Phoenix might be feeling the squeeze as their offices sit unleased and current tenants fail to pay rent or decide not to renew their leases. This mirrors a nationwide trend of a downturn in commercial property occupancy that is...