Purchasing occupied commercial real estate provides you with an immediate source of income, but the inherited tenants can also cause headaches. Disputes with such tenants can lead to messy negotiations or even costly litigation if you fail to handle the situation properly. Prevent problems by:
Continue reading
Being a landlord can have its benefits, but it can also be a trap for the unwary. Failure to know your rights and responsibilities as a landlord can be costly, both in time and money. Here are a few tips to protect yourself and your rental business.
We recently represented a commercial tenant that the landlord attempted to evict. The landlord filed an unlawful detainer complaint based on the tenant’s failure to timely exercise the first of three five-year lease extension options. (By “timely exercise” we mean written notice from tenant to landlord of their intent to extend the lease, received by the landlord on or before the due date stated in the lease agreement.) This case has a specific aspect to it that created some doubt as to when notice was due: The commercial lease had been amended four times and extended by two years during the first five-year term.
Join us on LinkedIn