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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

This is a business disruption which will impact all commercial leasing activities going forward. Qualified Commercial Tenants Have Two Categories Who is a Qualified Commercial Tenant? The statute introduces the definition of “qualified commercial tenants,” targeting those who require enhanced safeguards in lease negotiations.

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

Esquire Property Management Group

In essence, if the specifics crucial to the deal’s execution and completion are left open-ended, the judicial system lacks a definitive basis upon which to adjudicate and enforce the terms of the LOI. We perform these legally related tasks for our clients as we have a licensed real estate attorney on staff.