Commercial tenants often sign a lease and forget about the agreement until the last couple of months before its expiration. Yet there are important facets of business leases that every commercial property tenant needs to review to ensure that they do not incur...
Month: July 2016
Commercial real estate development slowing in California
Southern California commercial real estate has been experiencing a significant boom over the last several years, but some are warning that the trend may be slowing down as the overall pace of the U.S. economy continues to slow. The UCLA Anderson Forecast recently...
Can leases be verbal agreements?
While many landlords and tenants would never dream of becoming party to a lease without a well-crafted written lease agreement, the question is often posed whether or not a lease can be entered into though only a verbal agreement. It may difficult to conceive of many...
Can my landlord modify my lease mid-term?
It is not uncommon for a landlord to attempt to change provisions of a lease while still within the terms of that lease. In almost all cases, this is a breach of the lease, and should not be tolerated by a tenant. Often, a landlord who attempts to make such changes is...
Understanding right of recapture in commercial leases
Sometimes in the course of business, it becomes necessary for a business to consider subletting a space that it has leased. There are many ways that this can be a viable solution to many leased-space issues, but it is important to always consult the master lease to...