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Many tenants think that the permitted use clauses in their commercial real estate leases are simply loose descriptions of what the tenant intends to do in the premises. They will look at the clause and say to themselves “that is … Continue reading
Most of the time, tenants and their brokers negotiate and sign letters of intent for retail and office leases before they engage the services of a leasing attorney. That’s generally a bad idea…particularly if the landlord is a sophisticated landlord. … Continue reading
Watch Out For What ISN’T In Your Lease!.
In the brokerage side of my practice, I sometimes get leasing clients that don’t want to hire an attorney. Usually, they are smart, successful people that have a high level of business acumen. They figure that they can read the … Continue reading
Landlords usually quote the square footage of tenant spaces in office buildings based upon the “gross leasable area” of the space. Many tenants hear the square footage of the space, and assume that they are getting that amount of space … Continue reading
It sounds simple enough. You need 10,000 sq. ft. of warehouse space to house your inventory, or you need 5.000 sq. ft. of retail space for your karate studio or gym or restaurant. You drive around the areas that you … Continue reading
I frequently represent Maryland real estate leasing clients looking for retail spaces for their businesses. Often, they start off with dreams of leasing the most prevalent space in the most popular shopping center in town. There’s good reason for that, of course. They … Continue reading