Archive for the ‘Shopping Centers’ Category

The Lease, REA (Reciprocal Easement Agreement), and the Declaration dictate the various rights of the parties pertaining to use of a shopping center. Tenants’ rights under a lease are usually more restrictive than the rights of owner-occupants under a REA or declaration. Why? Fee ownership establishes a higher status. Plus, larger [...]

Do Not Ever Call the Agent of the Landlord

By Ryan + February 24th, 2007

The Landlord’s agent LOVES it when you contact them directly about leasing office space. If you aren’t represented by a tenant’s agent (a commercial real estate agent that works for you, the lessee), not only will the landlord’s agent reap in double commission, they will get you to agree to unfavorable terms.
Thus, if you [...]

Never Disclaim the Warranty of Suitability

By Ryan + February 14th, 2007

In commercial leases, Texas courts have held that a ‘warranty of suitability’ applies to all commercial real estate leases. This means that any latent defects in the building and land are the responsibility of the landlord, even if the tenant is contractually obligated to repair the premises. The theory is that the commercial [...]

You will find the majority of shopping center leases contain covenants that restrict competition. That is, the landlord prohibits its tenants from competing with one another.
The landlord wants your business to remain viable (and on the property) and he or she knows that allowing a competitor to operate that close to your [...]

Advertising:
Go to Wordpress Dashboard » Design Tab » Brightness Settings and add advertising codes!

Latest Posts

How To Lease Office Space January 25th, 2008
Ryan

How To Lease Office Space

If you are looking for a primer with tips and suggestions about how to lease office space and commercial real estate, I authored a 3-part series on th[...] Read the rest »