Law

For prospective commercial tenants, understanding the terms of a retail lease is essential before signing on the dotted line. One such critical term is Additional Rent, which refers to a tenant’s proportionate share of operating expenses such as common area maintenance (CAM) costs, real estate taxes, and the landlord’s insurance costs. This article explains the […]

As a prospective commercial retail tenant, understanding exclusive use clauses is critical to your business’s success. This clause restricts the landlord’s ability to lease space in the shopping center to competitors of the tenant. This article will help you understand what you need to know about exclusive use clauses. Exclusive Right is a Negotiated Right

Are you a commercial tenant looking to sign a retail lease? Then you must understand what an operating covenant is, and how it impacts your business operations. An operating covenant is a clause in a retail lease that requires you to operate and remain open during the lease term. This clause is crucial to the

Business owners! Are you in the process of negotiating a commercial lease for your retail space? If so, you may have come across the term “co-tenancy clause.” A co-tenancy clause is an important consideration for tenants leasing space in a shopping center, as it provides compensation for loss of consumer traffic related to changes in

Commercial leasing negotiations can be critical in determining the success of your business. To ensure that you secure a favorable agreement, it is essential to understand your negotiating leverage as a tenant. Various factors can determine your negotiating leverage, including your financial statements, creditworthiness, and operational experience. Landlords prefer tenants who have demonstrated their ability

Signing a commercial lease can be a daunting task for any business owner. A lease agreement is a legally binding document that determines the terms and conditions of the rental agreement between the landlord and the tenant. As a business owner, you want to make sure that the lease agreement meets your business’s needs, protects