Posts Tagged ‘commercial real estate’
5 Questions to Ask Before Buying Commercial Real Estate
Any commercial real estate investment carries some risk. First and foremost, commercial real estate involves a substantial financial investment. Whether you are an experienced real estate investor or purchasing commercial real estate for the first time, accruing debt and expenses to buy commercial real estate can be overwhelming. You want to be certain the stresses…
Read MoreWhose Job is it Anyway? Maintenance Questions in Commercial Leases
There are several disputes that continuously arise under a commercial lease. Without a doubt the most common are questions of rent payment, or more than likely nonpayment. However, closely following discrepancies over adequate and timely rent payment are questions of maintenance and improvements to the leased property. Time and again when a pipe bursts or…
Read MoreThe Right Way to Handle a Commercial Tenant Eviction
Commercial landlords understandably struggle with the process of tenant eviction. Often, simply mentioning a lapse in rental payment or other contractual obligation feels confrontational. Evicting a commercial tenant can be even more difficult and unpleasant. It is not uncommon for landlords to receive pushback, frustration, and even anger from commercial tenants that face eviction. However,…
Read MoreWho Owns the Sky? What Are Air Rights and How Tall Can You Build
If you are a property owner in Long Island, there is a good chance you own a piece of the sky. While most buyers are focused on property lines and condition of improvements on the land, when you purchase real property you actually own much more than that. Property owners have the exclusive right to…
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