If you are a business renting commercial space, few situations are more disruptive than having the landlord sell the property out from under you. Suddenly, your comfortable lease agreement and working relationship with the owner are thrown into question. Will the new buyer honor the existing lease? Do they plan to redevelop the property or … Read More
Commercial real estate partnership disputes are expected since the parties to the agreement may need to adhere to their partnership contract prepared by legal counsel. A seasoned expert witness, who has acted as a managing member in several partnerships, may provide valuable insight into the dos and don’ts of running the business. What are the … Read More
The landlord is relieved of the responsibility to pay all expenditures indicated above, including property taxes, insurance premiums, utilities, maintenance, and repair charges, under a triple net lease, often known as a net-net-net or NNN lease. Rent and all expenses shall be the responsibility of the Tenant. Triple net leases are often long-term (ten years … Read More
Relationships between landlords and tenants should be professional but also clearly defined. Both parties have expectations that they need to live up to, but when lines are blurred, expectations and duties can become problematic. Friendships between landlords and tenants can seem beneficial but often lead to communication problems. Selection of a Tenant Once the landlord … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
