When you first saw the commercial space, you thought it would be perfect for your business. You also thought the location would be pretty good and you'd get enough traffic to make it work. You signed a lease for three years, but you're only a year in, and you can...
Commercial and Residential Leases
Attributes to look for when investing in commercial real estate
Buying and then leasing or renting out commercial property is a great way to earn an income in Scottsdale. Arizona businesses in the area are always on the hunt for the ideal retail or office space. However, not all commercial properties are worth your investment. If...
Watch out for these red flags in Arizona commercial leases
When you choose a commercial space to lease for your Arizona business, you want to make sure it protects you as well as it does your landlord. However, many tenants in Scottsdale and other communities do not know when a commercial lease offers poor tenant protections....
Can a landlord lock out a tenant who violates their commercial lease?
If you own a commercial property, the last thing you want to worry about is a tenant who neglects or refuses to pay rent. Sometimes there is a reasonable explanation for a tenant being late on their rent. You should do everything you can to establish communication and...
How can I set the rules for a homeowner’s association?
As someone on the board of a homeowners association (HOA), you need to set clear rules for anyone that comes to live in the properties you govern. While you might not be the authoritarian type, it is essential to accept that a society without rules will soon descend...
2 important considerations for leasing retail space
People who are opening a retail establishment need to find a suitable location for their store. There are many factors that come into the picture when they’re looking. Rent and location are two of the top ones, but there are a few others that are also important. Some...
How do you price a commercial lease?
When looking to lease a commercial property, you need to read the contract's fine print with care. Landlords can place significant restrictions on what you can do with the premises. It could also turn out far more expensive than you thought if you do not understand...
Are you thinking about investing in commercial properties?
Commercial property can be a lucrative investment in Arizona, but there are a number of things first-time investors need to know. When investing in commercial real estate, you need to identify the best type of property and have ways to finance the commercial property...
Force majeure clauses account for unforeseeable events
Many contracts include force majeure clauses and many that do not should. They are often thought of as “boilerplate” contract language that seems so standard and familiar that many people skip reading it. Force majeure clauses address situations that render a contract...