Property Assessed Clean Energy (PACE) financing has become a major source of capital for commercial and residential owners by financing the cost of energy-efficient improvements and paying back these loans through property assessments. Many states have adopted...
Many landlords provide utilities as part of the office rental and charge tenants an additional fixed flat fee monthly for these services. However, if the tenant might use an excessive amount of utilities, the landlord should address this issue in the lease. Include...
Access exclusive market intelligence about private commercial lease agreements, as only told by other real estate partners like you. Answer an exclusive, partners-only survey that takes less than five minutes to complete (no paperwork needed). Then, access instant...
Interested in knowing what other partners are saying about how commercial lease agreements are evolving? Access exclusive market intelligence about private commercial lease agreements, as only told by other real estate partners like you. Answer an exclusive, partners...
By: The Practical Guidance Real Estate Team This tracker provides an overview of New York climate change legislation that impacts real estate ownership and development. This document tracks legislation enacted at the state level and in New York City. This tracker...
By: John Erskine , NOSSAMAN LLP This article discusses the legal and policy framework for addressing sea level rise (SLR) in the 21st century in the United States, with an emphasis on the California Coastal Act (the Coastal Act), its administrative regulations...
Eminent domain is the power of the sovereign to take private property for public use without the owner's consent. Eminent domain, takings, and condemnation are often used interchangeably, although the three terms are not actually synonymous; eminent domain...
Attorneys representing national lenders must consider various issues, including the loan origination process, commitment letters, the business structure of borrowers, state-specific compliance issues, as well as local practices for loan closings. Use this resource...
A relocation clause gives the landlord flexibility to move a tenant to accommodate the needs of a larger prospective tenant. Unless the tenant can persuade the landlord to exclude such provision from the lease, it should negotiate tenant-friendly language to minimize...
Commercial real estate loans are commonly modified to accommodate changes in circumstances affecting the borrower, the lender, the real property, or the market. In entering modification agreements, lenders must ensure that their priority in the real property or...
When a landlord defaults on the lease, statutory remedies available to tenants vary depending upon the jurisdiction. In some states, tenants have the right to offset or withhold rent. Other states allow tenants to abandon or terminate their lease under the doctrine...
Tenant parking needs are frequently overlooked in commercial lease negotiations. However, inadequate parking can severely impact a tenant’s business operations, especially in high density areas where parking is scarce. Whether parking is for the tenant, its...
One way to obtain land use approval for a private development without seeking zoning variances is to draft an ordinance addressing the needed zoning relief. This procedure bypasses the zoning variance approval process from municipal zoning hearing boards and the...