By: Matthew R. O’Kane and Joaquin E. Martinez Effective January 1, 2020, the State of Florida’s sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.7% to 5.5% …
Is Outdated Insurance Terminology Putting you at Risk?
By: Andrew M. Gluck Many people are surprised to learn that the insurance language in their form lease needs to be checked and updated on a regular basis. Although this can sometimes be the bane …
There Ain’t No Such Thing as Free Rent
By Gary M. Kaleita Commercial tenants sometimes bargain for “free rent” periods from landlords as part of the lease negotiation process, and both tenants and landlords may view free rent periods as a “concession” by …
Self-Insurance Means No Insurance
By : Gary M. Kaleita It is not unusual for Tenants, especially larger ones, to negotiate for so-called “self-insurance” in their Leases. This concept can be applied to any form of insurance that a Landlord may …
Can your commercial lease get you in trouble?
Don’t let your lease get stale! Brendan Lynch tells Racquel Asa at WFTV Channel 9 that some tenants in the soon-to-be demolished Crossroads Shopping Center will not get anything due their outdated leases. Click below …
Protecting Yourself Against Lien Claims
By: Gary Kaleita If you are a commercial Landlord or property manager, hopefully you are taking advantage of a Florida statute that allows you to limit the Landlord’s liability for lien claims resulting from work …
Exclusives in Leases
By: Shawn Rader Granting a tenant an exclusive use of their premises in a retail setting can be a powerful inducement to have the tenant agree to a lease. There is little doubt, however, that …
Holdover Rent
By: Joaquin “Quino” Martinez and Andrew P. Kelly As the end of a commercial lease approaches, it is common for landlords and tenants alike to consider whether to renew the lease or part ways. But …
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When are Unilateral Termination Rights in a Commercial Lease Enforceable?
By: James E. Walson We will often see a commercial lease that provides a right of termination to only one of the parties to the lease and it begs the question, “is this really a …
A Primer On Leasing Space For Your Business
By: Gary Kaleita You’ve been in business for a few years and it’s time to sign a new lease, or you’ve decided to move your business out of your house to a space at the …
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