Insurances required under a commercial and retail lease
Finding a place to move your business can be a daunting process. The process may involve reviewing the draft lease documents, that contain many pages of clauses. However, one of the most important obligations is the requirement for lessees to take out insurances related to the lease. Not only do the insurances greatly protect the lessee while using the premises but they provide a...
Lease Incentives – What are they and the Hidden Dangers
Lessors to commercial and retail leases may offer a lessee short term advantages to entice a lessee to enter into the lease. These are known as lease incentives and while they do intend to provide lessees with an easier transition into leasing a premises, they also can have hidden traps that lessees should be aware of. Lessee should understand the obligations imposed on them prior to...