An estoppel certificate is a statement signed by a tenant that a commercial lease agreement exists, that specific facts of the agreement are valid, that no defaults exist and that they agree to pay rent on a particular date to the landlord. In short, it outlines the...
Year: 2022
Carefully evaluate the risks before investing in a franchise
Becoming a franchisee can be an exciting and rewarding business venture. In many cases, purchasing the rights to operate a well-known and established brand can bring great revenue opportunities and the promise of potential rapid growth. But before you put down any...
10 key tenant considerations for retail business leases
The success of your franchised business depends upon many factors. Finding a preferred location is a crucial step for establishing a profitable enterprise. But negotiating a fair commercial lease with the help of an experienced lease attorney can protect your...
Tenant improvement allowances and what they cover
If you are searching for commercial real estate to lease for your business, you already likely know that the new space will need moderate or significant modifications to fit your company’s needs. While these construction costs can be intimidating, tenants have the...
Differences between franchises and business opportunities
Realizing the American dream means different things to different people. For many, the ultimate career goal is to be your own boss and create a successful business. In most cases, these endeavors take a significant amount of time, money and hard work. However, you...
Understanding percentage rent in a commercial lease
Entering into a commercial lease can be an exciting endeavor for you and your business. Signing a lease is the next step needed before opening your retail business. As you start looking at leases, one of your primary concerns is the rent you will be paying. However,...