Landlords here in Orange County enter into lease agreements expecting each party to fulfill the terms of those contracts. When a commercial tenant attempts to walk away from the lease without paying, the landlord may need to take that tenant to court. This is what happened when Starbucks broke numerous leases for its Teavana stores across the country.
When planning for the start of a new project, it is important to take the time to figure out the impact it may have on affected California cities. A new development could require expensive changes to infrastructure. In a state already plagued by high costs, cities may take issue with having to spend millions of dollars to accommodate a project.
Owning an Orange County business often comes with plenty of satisfaction, but it also comes with plenty of responsibility. One of those responsibilities is to take reasonable measures to keep the premises safe for those who frequent the business, but accidents do happen. Whether you are the landlord or the commercial tenant, dealing with premises liability issues can be tricky.
Many California residents believe that online shopping is the best thing since sliced bread. No more battling traffic and crowds in order to shop, and the goods are delivered right to the front door. While this immensely popular way to shop retail is good for consumers, could it mean the end of malls?
At the end of the year, we wrote a post about how leasing space in shopping centers is all about anchor tenants (when it comes to altering the typical landlord-tenant power dynamic). If you are an anchor tenant, this changes how you approach commercial lease negotiations. In short, being an anchor tenant means that you generally have more power and flexibility in negotiating the terms of your lease, because the anchor tenant usually drives significant, consistent business to the shopping center, making the landlord keen on signing a lease.
Opening a business here in Orange County can be an exciting prospect. While contemplating the prospect of opening the doors, building a customer base and enjoying some success, an entrepreneur has many tasks to complete. One of them may be negotiating and signing a commercial lease.