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
What is an Expert Witness? The employment of an expert witness in commercial real estate litigation may not seem justified to the party the lawyer represents. A commercial real estate expert witness may seem to the party in litigation just another added-on cost in an expensive dispute. A sophisticated lawyer on the other hand is … Read More
Real estate registrations by brokers may be a thing of the past since we have been in an overstimulated real estate market. As we all know, this overheated market is now ending since the Federal Government is raising interest rates and the market is starting to slow down. Real estate listing agreements usually do not … 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
INDUSTRIAL REAL ESTATE In Los Angeles, Orange County, Inland Empire, and Ventura County the AIR CRE which collects statistics on rents and vacancies have just published an eye-opening report. Rents in the last twelve months have increased by 36% and asking rents for any vacancies have increased by 49%. This phenomenal event surely surpasses any … Read More
What a “Tenant and a Landlord” should be extremely careful of when signing a lease is to first employ an experienced lawyer for both sides. People tend to get lazy because there are very good forms that are manufactured and feel that legal counsel is not required. Do not get fooled, since laws change all … Read More
A safe harbor alternative to defer income taxes on the sale of a property has been a 1031 deferred exchange. The 1031 deferred exchange has been an excellent way to defer income taxes upon the sale of a property. This form of transaction has been in favor of short or long-term holdings in commercial real … Read More
Almost all leases contain provisions for increasing the rent during the initial term of the lease or lease extensions. The following tips will apply to Landlords and Tenants. One of the most negotiated parts of a lease is usually the base rent at the commencement of the lease. Once you get past the base rent, … Read More
Rights of Cancellation In the event that a tenant finds himself in a position of needing to sublease the premises, the landlord may exercise the right of termination to regain possession of the premises. This provision is most commonly used when a tenant is successful in subleasing the premises, and the landlord makes a demand … Read More
There are several areas that a lawyer should explore in locating the right expert for its case. I recommend that a lawyer write down a few areas of its case before turning to a search engine or a professional expert witness company. Whether it be a partnership dispute, property management, brokerage dispute, or fiduciary responsibilities, … Read More
Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064
