One of the critical lessons of the COVID-19 pandemic is how quickly a situation can change, and how adaptable businesses must be in order to respond. Just three months ago, we were watching the Dow hit 29,000 for its fastest 1,000 point gain ever, and wondering whether our Silicon Valley economy might begin to slow down. Now, to halt the worldwide spread of this disease, … [Read more...] about Practical ideas for dealing with the impact of the COVID-19 pandemic on your commercial lease
commercial leases
New accessibility requirements placed on California commercial leases
With the passage of SB 1186 in 2012, the State of California enacted a number of new requirements with regard to accessibility issues. Among these was the creation of new California Civil Code Section 1938, which mandated that, for commercial leases executed on or after July 1, 2013, landlords include a statement indicating whether the premises had been inspected by a … [Read more...] about New accessibility requirements placed on California commercial leases
Recent decision limits remedies for breaches of retail lease cotenancy clauses
One of the most desirable and heavily negotiated terms sought by retail tenants from mall and shopping center landlords is the cotenancy clause. In a typical cotenancy clause, the tenant may have the right to delay opening its business, the right not to pay full rent, and even the right to terminate the lease, in the event an anchor tenant leaves the center, a certain amount of … [Read more...] about Recent decision limits remedies for breaches of retail lease cotenancy clauses
The SNDA: A critical tool for planning and protecting commercial lease rights
Commercial leases While many people in business are familiar with the general workings of a commercial lease, fewer are acquainted with one of the most important mechanisms available to make their commercial leases more stable and secure: The subordination, nondisturbance and attornment agreement, or SNDA. As detailed below, an SNDA can offer substantial benefits to commercial … [Read more...] about The SNDA: A critical tool for planning and protecting commercial lease rights
Think twice before leasing commercial space to “legal” marijuana businesses
It’s legal in 19 states, and two of those states don’t even require a prescription (Colorado and Washington State), but while marijuana dispensaries and retail outlets may seem to be ideal tenants for “challenging” commercial or retail spaces, experts caution that the status of those marijuana-related businesses under the law is in limbo, and real estate owners could find … [Read more...] about Think twice before leasing commercial space to “legal” marijuana businesses