Several online businesses (e.g., Airbnb, Vacation Rentals by Owner) now allow people to offer their homes, apartments and other living spaces for short-term rentals, aka, the sharing economy. The growth of these businesses has been nothing short of amazing, because they meet an important need for both parties—inexpensive short-term housing for the visitors, and new, potentially … [Read more...] about To (Airbn)b, or not to (Airbn)b? Use caution when engaging in the “sharing” economy
leases
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
Triple Net Leases – an investment opportunity requiring careful attention to detail and planning
In this era of depressed yields from bank deposits, many investors have flocked to purchasing properties subject to “triple net” leases. Such leases require the tenant to be solely responsible for all expenses of taxes, insurance, and repairs and maintenance that might be incurred during the lease term. Investors who choose to take an assignment of a triple net lease at the … [Read more...] about Triple Net Leases – an investment opportunity requiring careful attention to detail and planning