You always assumed that your parents would order the family home to be sold after their death and the profits divided, so you were surprised to find out that they left it to you and your two siblings in equal shares. The only problem is that you and your brethren may...
Real Estate
What is an exit clause in commercial real estate?
When someone is leasing out commercial real estate, they will create a contract for both parties to sign. This stipulates the terms of the lease and what is expected from either individual. It can help to define exactly what costs and obligations each side has, for...
Watch out for potential red flags when leasing commercial space
Entrepreneurs who have never rented or leased commercial property can fall prey to unfavorable terms when looking for business space. Now that you are gaining traction as a company, poor lease terms could slow your newfound success. Fortunately, you can avoid terms...
Tenants’ rights when the landlord is in foreclosure in New York
These days, nobody is immune from money problems, and that may include your landlord. You wouldn’t be the first tenant to find out that they’re renting a property that’s now in foreclosure. So, what does that mean for you? Here’s what you need to know: You don’t need...
3 tips for negotiating your commercial lease renewal
When you have a commercial lease in New Jersey or New York and start nearing the end of its lease term, you have to consider whether it makes more sense for your business to renew the lease or search for a different commercial space elsewhere. You may also decide to...
What should you do if a real estate buyer delays a closing?
You spent months trying to sell your New York home, and you finally found the perfect buyer. You accepted the offer, made an agreement together and scheduled the home inspection. Suddenly, the buyer wants to delay the closing. What should you do? SFGate explains...
Recognize these red flags before signing a commercial lease
Once you find a commercial property you want to rent in New York and strike a deal with the property owner, the next step involves signing a commercial lease agreement. Make sure to review the lease thoroughly before signing your name, because commercial leases often...
Does your commercial lease have an option to extend?
A commercial lease typically comes with an end date. It may be a year, three years, five years or a custom amount of time -- based on what both sides discuss when signing. Either way, it ends on that date. If the lease does not have an option to extend, then, the...
How a mechanic’s lien ensures builders get fairly paid
Contractors and subcontractors often do significant work without receiving full compensation ahead of time. Property owners are often loathe to pay for a project in full before work begins out of fear of losing their money. It is common for construction and remodeling...
If you’re closing a real estate transaction, include your attorney
You’ve been looking for a property to buy for months, and you think you finally found the one. You’re ready to make an offer and hope that you can close on the property soon. A closing is the last step of buying a property. The closing date is generally set several...

