Remove Attorney Remove Broker Remove Commercial Property Management
article thumbnail

New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

Violations may result in severe penalties, including tenants raising these violations as defenses in unlawful detainer actions and seeking recovery of attorneys’ fees, along with potential punitive damages.

Lease 52
article thumbnail

Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. Moreover, even if the policy was “blown up” and no more coverage existed the insurance company still has a duty to defend the commercial tenant in any lawsuit.

article thumbnail

Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller. It is imperative that you have a competent real estate attorney to help you by reviewing and or drafting your LOI for you.