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Commercial Real Estate Archives

How the letter of intent plays into a commercial lease

When renting property here in Orange County, you may begin the process by signing a letter of intent. This document outlines the basic terms between you and the property owner. You may want to make sure you thoroughly read and understand this document, because it could have implications for your commercial lease.

Hidden CAMs in a commercial lease

Regardless of whether retail properties here in Orange County are at a premium, prospective tenants still want to find the best deal possible. No one should sign a commercial lease if the terms price a tenant out of the space. Everyone involved wants to make a profit, so a balance needs to be struck between what the property owner needs and what the tenant needs.

Tips to get the most of out of a commercial lease

Shopping around for rental space here in Orange County may be a frustrating process. Finding a space that suits your needs at a reasonable price may seem like an insurmountable task. However, there are ways to get the most out of a commercial lease for a property that seems perfect otherwise.

Embracing change may be key to surviving the 'retail apocalypse'

The simple fact is that consumers shop differently now than they did prior to the explosion of online shopping. Previously, they went to malls and shopping centers for their retail needs, but now, many people sit at home, order from their electronic devices and wait for boxes to show up at their doors. Consumers here in Orange County are no different, and property owners may need to embrace change in order to survive what those watching the market dub as the "retail apocalypse."

Understanding rentable square feet in a commercial lease

When it comes to renting property here in Orange County, understanding the lingo could help clear up potential surprises for a tenant. Unless everyone understands the basic definitions involved in a commercial lease, it can be difficult to negotiate. One of the definitions that many landlords understand, but tenants may not, is "rentable square feet."

Online returns are wreaking havoc on retail leases

Without a doubt, the way that people shop has changed dramatically over the last decade or so. California residents can buy products from anywhere in the country and have it shipped to their doors. This has caused brick and mortar retail stores to make significant changes in the way they operate. In fact, some have even had to close their doors, at least in some locations, because they simply cannot keep up with the changes.

Commercial lease disputes arise for a number of reasons

Renting retail space here in Orange County may have been the best choice for your company. After negotiating a commercial lease you felt worked well for your situation, you settled in and opened your doors. When you signed your lease, you relied on the fact that you and your landlord would fulfill your separate obligations without question. However, that might not always be the case.

More medical professionals are moving into shopping centers

In order to better serve their patients, and potentially increase their walk-in traffic, many in the medical field are looking to lease in what some may call an unusual place. Shopping centers are becoming popular with California specialists (such as allergists and dermatologists) and family practitioners alike. If you are considering moving into a more retail centered location, you may need to be ready for some surprises as you negotiate your commercial lease.