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Your lease is ending in 60 days. You installed custom lighting, built a reception area, and painted the walls in your brand colors. Now the landlord says you...
The city announces it is taking your building through eminent domain to widen the highway. Your lease still has four years to run, and your landlord just received...
A fire breaks out in the building next door. Smoke and water damage leave your storefront unusable for three months. Who pays for the repairs, do you owe...
An exclusivity clause promises that the landlord will not lease space in the same property to a competing business. For a specialty retailer or a medical practice, that...
A radius clause stops a retail tenant from opening another location within a certain distance of the leased premises. Shopping center landlords use these clauses to keep the...
Businesses evolve, and leased space must sometimes evolve with them. A tenant that signed a lease for a bookstore may want to add a cafe, or an office...
A use clause defines what a tenant may and may not do in leased space. It might limit the premises to general office use, retail sales of certain...
A change of control clause treats a shift in a tenant's ownership as if it were an assignment of the lease. If someone buys a controlling stake in...
Most commercial leases restrict a tenant's ability to assign the lease to another party. But nearly all of them make an exception for affiliates: parent companies, subsidiaries, and...
A recapture right is one of the most powerful tools a commercial landlord holds. It allows the landlord to take back leased space when the tenant asks for...