Similar to how a bank can foreclose on a residential home if the buyer defaults on their home loan, lenders have similar recourse when it comes to commercial borrowers. Just like homeowners, commercial borrowers are subject to relatively unpredictable economic conditions, many of which can lead to poor financial conditions that render them unable to […]
Last time, in part two of our commercial lease agreement series, we reviewed common pitfalls, mistakes, and problems tenants and landlords make during and after the finalization of their commercial lease agreements. By recognizing common problem areas, prospective tenants can help avoid disputes with their landlords before problems emerge. Unfortunately, disputes and disagreements between parties […]
Last time, in part one of our commercial lease agreement series, we reviewed some of the key provisions contained within the agreement that potential tenants and landlords need to be aware of and agree on before the lease is signed. Without a clear understanding of these terms and conditions, unexpected problems can arise for one […]
Commercial lease agreements are vital documents establishing landlords’ and tenants’ rights and obligations in a commercial property rental arrangement. These agreements govern the legal relationship between the parties, from small retail spaces to large office complexes. While many are familiar with residential lease terms, some business owners may not be familiar with the differences presented […]
Adverse possession is a legal doctrine that grants a person ownership to property that they do not own and have overtly used without the permission of the owner in a manner and for a period of time specific by state law. Adverse possession is also known as squatter’s rights and the adverse possessor is commonly […]
An Easement is an incorporeal right granted to a person or entity to use real estate owned by another party. It is in the best interest of owners to protect their land and property from unauthorized or unpermitted use. Easements legally grant limited rights to use the property. Easements are non-possessory; they differ from leases […]
It’s no surprise that renting a home is becoming more and more common in today’s economy. The New York Times reports that renting a home is currently more affordable than owning a home in many parts of the United States. It is important for both tenants and landlords to understand each party’s legal rights and […]
Imagine a scenario in which you have just purchased your dream home, moved in, and then the very next morning, you receive a knock on the door. It’s your neighbor and their lawyer, and they inform you that the very home you have just purchased is partially on their property. It turns out that the […]
In the current real estate market, many homeowners are looking to downsize. The pandemic has affected many homeowners’ sense of financial stability and diminished their confidence in being able to make their mortgage payments. For homeowners who are eager to sell their homes quickly, it may be tempting not to disclose information that may influence […]
Evicting someone from a commercial property is the right of a landlord, but only when there is a valid cause. Every commercial landlord has responsibilities under a lease; and these responsibilities promote justice and transparency for both the landlord and tenant. There are several steps and considerations in the eviction process. Notices with Cause for […]