When it comes to commercial leases, you're essentially on your own to protect yourself against predatory clauses and clauses that -- while not exactly predatory -- are certainly dangerous to your pocketbook. That's why it's important to understand as much as you can about commercial leases before you start to negotiate one, including things like a continuous operations clause.
Amazon's plans to locate its new headquarters, the "HQ2," in New York City recently went bust -- and with it went a lot of real estate hopes in Long Island City and Queens.
In many ways, contracts are the foundation of modern business. They are written agreements that guide the way businesses interact with one another and create consequences for noncompliance. A written contract can give a business the confidence to move forward with the next phase of development because the work and supplies it needs will arrive as planned.
Your tenants generally enjoy what's known as the "right of quiet enjoyment." In part, that means that they deserve to live free from unreasonable intrusions and disturbances -- including excessive noise from other tenants.
What's the best thing to do when you're behind on your mortgage payments and facing foreclosure?