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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.” This requirement is applicable to all new leases executed post-January 1, 2025.

Lease 52
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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Typically, landlords mandate tenants to maintain various forms of insurance coverage as a prerequisite or addendum to commercial lease agreements. Legal Defense Costs : Typically, CGL policies include coverage for legal defense costs, encompassing attorney fees, court expenses, and settlements or judgments.

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Why Rental Owners Should Work With Real Property Management Choice

Real Property Management Choice

We have excellent relationships in place with vendors and contractors, insurance agents, brokers, and attorneys. We keep it in excellent condition and we make sure we hold tenants accountable to their lease agreement and the obligations that are listed in the lease agreement. The opposite is actually true.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

Legal Most PMCs outsource their legal services to a third-party law firm or attorney to provide legal advice and representation on various matters related to the property or properties. They may also create engaging content and visuals, such as videos, images, and virtual tours, to showcase the property's features and amenities.