By: Adam R. Lewis Though states continue to legalize the use and sale of marijuana for medicinal and recreational uses, under federal law, marijuana remains an illegal “Schedule 1” drug pursuant to the Controlled Substances Act. …
Lucky’s Market closing all but one Florida store
Big news in the Florida real estate commercial leasing market! Lucky’s Market is closing 20 stores. Only one store will remain in Melbourne, FL. The chain’s South Florida stores are in Coral Springs, Oakland Park …
Landlord Liability for Tenant’s Counterfeit Sales
By: Tara Tedrow, Jon Gibbs & Ahmad El-Gendi Should landlords care what business their tenants are operating? The obvious general answer of “yes” now has a more detailed and important caveat. If your client is retailing goods, you as …
Rent Loss vs. Business Interruption Insurance
By: Gary Kaleita Landlords and Tenants sometimes confuse these two terms, which have totally different meanings but apply to similar situations. Each can cover circumstances where a casualty or other unforeseen event occurs which disrupts …
Review Florida Leases With Hurricane Dorian In Mind
By: Quino Martinez With Hurricane Dorian forecasted to make landfall along Florida’s east coast sometime next week, Sunshine State landlords and tenants should take a few moments this weekend to review their leases to ensure …
Florida Commercial Lease Sales Tax Rate Further Reduced
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Is Outdated Insurance Terminology Putting you at Risk?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 …