Does owning a retail shopping center seem like a good investment? Higher cap rates, multiple tenants who have survived e-commerce and COVID? One of the critical elements of a well-run retail center is having a clear understanding of retail NNN leases. Fear no more! In this article, we’re going to take a deep dive into […]
A Tenant Estoppel Certificate (or Tenant Estoppel Letter) confirms the existence and status of a commercial lease. This is a unique legal document which contractually binds the tenants of a building with the new purchaser (and often lender) and is produced during the due diligence period of a commercial real estate purchase. A Tenant Estoppel […]
Today we are going to walk through a common first legal document that is presented to the Seller of a multifamily property, the Letter of Intent (LOI). This article will help you understand exactly what to include to write a better Letter of Intent. As they say, you never get a second chance at a […]
Today we are going to walk through what is usually the first legal document that is presented to the seller of an industrial property, the Letter of Intent. This article will help you understand each of the entries to include, as well as the importance of a strong Letter of Intent in the initial offer. […]
In this article and video, we are going to walk through a real estate Confidentiality Agreement that is suitable for a listing broker to distribute to a potential purchaser of a commercial multi-family property. We’ll cover who the parties are, what information is covered, how it is conveyed, and what enforcement looks like in the […]
This article outlines specific legal concerns related to an Industrial Purchase and Sales Agreement. We’re going to include escrow instructions as we believe this is common for title and escrow services to be combined. This was actually used for a flex industrial property but it’s really applicable to any type of multi-tenant building. It is […]
This article outlines specific concerns related to an office commercial real estate purchase and sales agreement. Below, we’ll discuss the clauses in the agreement to adjust from a neutral agreement between buyer and seller. You can download this free office purchase and sale agreement and make necessary changes to benefit you. Specifically, we’ll discuss the […]
We will be going over the concepts of a Subordination, Non-Disturbance, and Attornment Agreement (“SNDA”) with commercial real estate attorney Ron Rohde. SNDA Template Walkthrough As a tenant of a commercial real estate property, your landlord may ask you to sign a Subordination, Non-Disturbance, and Attornment Agreement (“SNDA”). This agreement defines the relationship between the […]
In the video and written tutorial below, we’ll be walking through a commercial real estate standard industrial lease (triple net lease) with commercial real estate attorney Ron Rohde. The triple net lease is one of the most common lease structures used in the industry today and we’ll go through every provision both here and in […]
From a landlord’s perspective, the retail anchor tenant lease (the primary tenant/largest tenant in a shopping center) is the catalyst for a successful or unsuccessful shopping center. With a great anchor, the surrounding spaces are more valuable as the adjacent tenants will have more foot traffic to draw from; thus, leading to more sales for […]
A Partnership Agreement outlines and describes the relationship between partnership entities (i.e. general partner and limited partners) in a joint real estate investment. It is a critical document that defines a mutual understanding of financial terms, describes the roles each party plays, decision making for the project and how actual distributions are made after deducting […]
The Purchase and Sale Agreement (“PSA”) is the game plan and overarching playbook to the transfer of a commercial real estate asset. The PSA is the critical contract between a Purchaser and Seller and is legally binding. Some Purchasers draft a PSA without a Letter of Intent (“LOI”) if they are confident they are aligned […]
If you are investing in real estate, it’s only a question of when and not if you will need a lawyer. However, many clients do not always have significant experience in the past. As a commercial real estate attorney, I’m going to walk through basic questions and insight into what the lawyer is thinking as […]
Today I will be sharing a template for a common legal tool for quickly and efficiently evaluating commercial leases: the Commercial Lease Abstract / Summary. This template applies to triple net office, triple net retail leases, and any type of commercial real estate lease. Essentially, this is a 2-3 page abstract which summarizes key terms […]
Today we’re going to be diving into what is typically the very first legal document presented to a Landlord who is renting commercial office space: the letter of intent for leasing. At the end of this post, find a link to download a template office leasing LOI as well as a video walk through of […]