Posts Tagged ‘commercial lease’
What 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 MoreLess Notice To Terminate Lease If Home Converted To Business
Question: In 2015 we rented our old home in North Phoenix for $800 a month to my brother. There was never a written lease. Two years ago my brother moved to Chandler. My brother, however, has continued to use our old home the last two years for himself and a couple of employees in his…
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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