Maturity Dates: A commercial loan’s maturity date is when its remaining balance is due—not necessarily the end of the property’s financial story. If a loan includes a balloon payment, the borrower may need to refinance, sell the property, or negotiate an extension before that date arrives. It’s important to start
The real estate component of your business involves more than just finding a location. It also includes how you can use the space, what days/times you can (or must) use the space, and where you can and cannot place your signs.
Owning a small retail property is often more “hands-on” than many landlords anticipate. When leasing to first-time business owners, you are not just a landlord; you are often an educator. Explaining NNN pass-throughs, common area maintenance (CAM), and usage rights takes time—and if handled poorly, it creates a recipe for
In the current commercial real estate landscape, employers, as commercial tenants, must balance the need to secure adequate facilities to accommodate their business, with the employees’ expectations that remote work options be readily available. On the flip side, commercial landlords must take extra care, despite a willingness to be flexible,
A Party Wall Agreement is a legal arrangement between two property owners who share a common wall, typically in townhouses or semi-detached home. This agreement outlines the responsibilities, rights, and obligations of each party in relation to the shared wall, including maintenance, repairs, and any potential alterations. It ensures that
The Broncos have long been considering potential sites for a new stadium, and rumors have suggested that in addition to the heart of Denver, the Broncos considered moving their location to Lone Tree, Aurora, Wheat Ridge, and Commerce City (Mile High Sports, Axios).
Negotiating a commercial lease can be a daunting task for tenants, with significant implications for their business operations and bottom line. Whether securing office space, retail storefronts, or industrial facilities, tenants must navigate the complexities of lease agreements to maximize benefits and minimize risks. In this blog post, we offer
Tenants often need to provide some financial assurance, commonly known as security, to ensure they fulfill their obligations under a commercial lease. Two widely used forms of security are the cash security deposit and the standby letter of credit.
In November 2022, Colorado voters approved Proposition 122, known as the Natural Medicine Health Act of 2022 (NMHA). This legislation decriminalized the personal use and possession of certain psychedelic substances, including psilocybin and psilocin mushrooms. Additionally, the NMHA established the legal foundation for healing centers – places where adults may
For commercial real estate owners, selling assets which have been fully depreciated, fully stabilized or held long term, can be an attractive option given certain market conditions or over-saturation of the given asset type within an investor’s portfolio.