Posts Tagged ‘commercial lease terms’
Renting Space in a Shopping Center? What You Should Know
Question: My wife is renting 1,200 square feet of space for her hair salon in a Gilbert shopping center. The lease for this 1,200 square feet is more than 45 pages long, including exhibits. We have a limited budget, and we cannot afford to have an attorney review this 45-page lease. Are there any key…
Read MoreWhat Provisions To Review In Commercial Lease
Question: My son wants to open an 1,100 square foot frozen yogurt shop in a large Mesa shopping center. The shopping center leasing agent gave my son a 32-page lease with 7 exhibits for my son to review. My son can’t afford a lawyer to spend hours reviewing this 32-page lease and seven exhibits. Therefore,…
Read MoreAnti-terrorism Clause in Commercial Leases
Question: Our company is interested in leasing some office space. In reviewing the proposed lease sent to us by the broker, we noticed that there is an “OFAC” provision. The landlord’s broker said that this provision is just an anti-terrorism provision that is standard in most office leases and is required by federal law.…
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