Multi-family housing is a solid investment for some people, but it’s one that must be considered carefully to ensure that the investor understands the risks that come with this purchase. Most people know they need to consider things like the location and their budget,...
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Commercial Real Estate
Use and exclusive-use clauses in commercial leases
Residential leases are pretty much a “take it or leave it” kind of situation, largely because there are protections for consumers built into the laws. Commercial leases, however, are different – almost everything is negotiable. If you’re seeking a commercial lease,...
What real estate disclosures are required in New York?
In New York, real estate sales are governed by specific laws that require sellers to provide potential buyers with detailed disclosures about any particular property. These requirements are designed to ensure transparency, allowing buyers to understand a property's...
Maintenance can be a commercial tenant’s responsibility
For many entrepreneurs and executives, signing a commercial lease is a huge step forward. A lease is often faster and more cost-effective than purchasing commercial property. It also involves less of a commitment, as a business could move on to a different property in...
What is a net lease?
Real estate terminology can often seem like a foreign language to those unfamiliar with the industry. When diving into commercial real estate, understanding the intricacies of leasing structures is essential. Among the various lease types, net leases stand out due to...
3 things to consider when buying commercial real estate
As a business owner, you might be looking for premises for your start up or be in the process of scaling up and needing more space. Either way, this puts you in the market for some commercial real estate. It’s not a decision to take lightly and requires a good amount...
What to know about investment properties in NYC
If you have recently inherited some money or you have been saving for a long time and are looking for a safe investment opportunity, investing in a rental property may be a good option. If you are living in the New York City area, you may want to see how you can get...
Could a force majeure clause protect you when renting a storefront?
Whether it is your first time signing or a renewal, negotiating the terms of a commercial lease can be stressful. Some people dislike the process so much that they simply accept boilerplate documents that have minimal protections for them as tenants. Especially if the...
Your commercial landlord can’t tell you how to run your business, can they?
Operating on the old adage that “location is everything,” you looked long and hard for just the right commercial space for your new business. You found it, got your lease and launched your company. Now, a couple of years down the road, you find that your business...
Things to look for before buying or leasing a commercial building
Buying or leasing property for your New York business is an exciting step. Perhaps you need to expand your operations or find a storefront to better serve your customers and clients. Regardless of the reason, it can be very exciting to find a place that suits your...