Feature
February 12, 2019
While retail and office building owners field defaults of many kinds from tenants that fail to follow their lease terms, nonpayment of rent is the most common breach of a tenant’s lease. It signals bigger problems for you than just your bottom line being affected in the months that you don...
Dos & Don'ts
February 12, 2019
If you’re the owner of a large retail property or several properties, you might decide to capitalize on the convenience factor and provide transportation for shoppers. While maximizing sales benefits you in the form of higher percentage rent and maintaining cotenancy obligations by ensuring...
Dos & Don'ts
February 12, 2019
An increasing number of retailers sell both new and “vintage” or consigned merchandise. But if you want a retail tenant’s space to be used solely or primarily for sales of new merchandise, then you’ll need to say this in the lease’s use clause. And be aware that using...
Dos & Don'ts
February 12, 2019
Some owners offer a tenant the right of first refusal (ROFR) to buy a building, should they decide to sell the property. If you decide to do this, make sure that you don’t get burned by the current tenant’s lower offer than a third party. When negotiating a lease with a tenant you...
Dos & Don'ts
February 12, 2019
Medical office tenants may pose environmental and safety risks if they generate hazardous materials and medical waste. Contamination of space can be a nightmare for you, but you can ameliorate this by requiring the tenant to return the space in the same condition that it was in when the tenant...
Q & A
February 12, 2019
Q: I recently hired an independent contractor to work at my shopping center. Now, a tenant claims that its business has been damaged by the worker.
Owner Loses
February 12, 2019
Facts: A retail tenant signed a lease with one three-year renewal option. The landlord required a guaranty in order to move forward with the deal. After the initial lease term and renewal were complete, an amendment extended the option to renew for five years and increased the amount of rent. There...
In the News
February 12, 2019
Despite global financial uncertainty sparked by Brexit—that is, the impending withdrawal of the United Kingdom from the European Union—London retained its title as the world’s top destination for investment in commercial real estate in 2018, according to a new report by global...
In the News
February 12, 2019
Canada’s commercial real estate growth is set to continue through the next year, according to Avison Young’s new report. The 2019 North America, Europe and Asia Commercial Real Estate Forecast reveals that factors such as historically low unemployment rates boosted the economy. For...
Feature
January 17, 2019
Despite the abundance of online retailers offering great prices and free delivery to customers at the click of a button, shopping centers have slowly but surely made a comeback since the economic downturn nearly 10 years ago. But it’s not enough for center owners to coast on customers’...
