Your lease will specify under what circumstances you and the tenant may terminate the lease. It'll also spell out the procedure you must follow to do so—for example, by giving 30, 60, or 90 days' written notice. If the provisions in your lease that govern termination rights are...
Q The maintenance team at my shopping center occasionally forgets to make very minor repairs. I'm working with them to make sure that they're more diligent about these things. But in the meantime, a tenant is threatening to stop paying rent,...
The latest Commercial Real Estate Market Survey from the National Association of Realtors (NAR) shows positive improvement in vacancy rates across all commercial real estate sectors, without a significant decrease in the majority of office and industrial tenants' concessions and rent...
Q A prospective tenant seemed very interested in the space it planned to rent in my office building, but dragged out negotiations for longer than necessary. Although it signed my letter of intent, after my attorney drafted the lease, it announced that...
Don't be surprised if a prospective tenant—especially one with a growing business—asks for an expansion option in its lease. This clause reserves space owned by you, typically contiguous to the tenant's, when it becomes available. An expansion option is valuable to a tenant...
To revitalize urban centers, cities and commercial property owners have tried all sorts of gimmicks to attract desirable tenants. A section of Philadelphia may have finally found a winning pitch, by offering to put tenants' names in lights.
The latest semiannual release of the Allen Matkins/UCLA Anderson California Commercial Real Estate Survey gives Golden State real estate developers and their bankers a reason to be optimistic about the industry's prospects over the next two years.
Canadian real estate services company Avison Young's annual CRE forecast gives U.S. owners and investors a reason to celebrate—in moderation. The report, which covers the office, retail, industrial, and investment markets in 20 U.S.
Don't be surprised when a new tenant that has decided to rent office building or shopping center space from you wants to make requests early in the lease negotiating process. Typically, tenants make these requests in a letter of intent (LOI), a document that's signed by the tenant and...
Conduct an Internet search for “creative leasing ideas” for retail properties, and you'll see a lot of references to leasing to nontraditional uses, such as libraries and community art galleries, or exploiting pop-up store...
Q My lease with a tenant in my shopping center gives it an option to renew for an additional 10-year term. Under the lease, the tenant must exercise its option by sending a letter by certified mail to me by a certain date. When I hadn't heard from...
