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Personal guarantees are not legally mandatory for commercial leases, but many landlords request them for additional security. Generally, signing a personal guarantee means you will accept responsibility for your business’s financial obligations if it fails to meet...
Navigating the world of commercial real estate can feel like stepping into a maze. As a business owner, your focus is on growth and success, not getting lost in the fine print of a lease agreement. In this blog, we'll explain the essentials you need to know to protect...
The threat of commercial property foreclosure looms large for many entrepreneurs. This pressing concern can significantly impact business operations and revenue. However, there are ways to mitigate this risk effectively. This short blog offers valuable insights into...
In 2019, the commercial real estate economy saw stable growth and the market was strong. Developers were eager to expand, investors were willing to take risks, and loans were readily available to anyone who needed funding. In a snap, the global pandemic the following...
Commercial leases can significantly impact how a tenant or landlord operates their business. Vague details left undetected after signing the contract can lead to disputes over time, potentially resulting in losses or damages for both parties. Fortunately, they can...
Small businesses do not always succeed. Still, it can be unsettling to discover that your commercial tenant is now unable to pay debts and obligations due to financial difficulties. Moreover, this unexpected development puts your rental income at risk. This is a...
A commercial real estate purchase can be a valuable investment, but if you are unable to make the loan payments, the property may be subject to foreclosure. This can damage your business in many ways. Foreclosure process Generally, the foreclosure process on...
Commercial real estate contracts can address any number of situations, such as leasing spaces for businesses or warehouses, or even buying property for new construction. Oftentimes, mergers and acquisitions will involve commercial real estate deals and, of course,...
Commercial properties tend to yield more than residential leases. They have higher income potential. Tenants leasing commercial property typically occupy the property for extended periods, meaning the contracts involved with commercial real estate offer more income...