As we all know, many commercial tenants are having financial difficulties which affect their ability to make their rental payments in a timely manner. To discourage late payments and encourage tenants to perform their financial obligations under their lease, imposing penalties that are more stringent than those that appear in existing leases should be [...]
Differences Between Commercial and Residential
There are many laws governing commercial and residential property leases but those that pertain to commercial leases are much less stringent in requirements of landlords than those for residential properties. Since the parties involved in commercial agreements are considered by law to be competent business people, landlords are allowed more freedom in the transactions [...]
Tips For Retaining Commercial Tenants
If you are a landlord with tenants who pay their rent on time and cause few, if any problems, you will want to keep these choice tenants happy and retain them in your building. Having a good relationship with your commercial tenants makes good business sense in any economy and when each party understands [...]
Landlord REP Tips
As a landlord, do you have the time to deal with numerous brokers and interested tenants? Do you have the expertise to develop an effective marketing plan for your property? Qualify prospective tenants? Negotiate disputes? Engage in lengthy, complex lease negotiations? Prepare monthly leasing status reports? A skilled and experienced landlord’s representative can handle all of these issues and more. [...]
Strenthening Commercial Leases
In most states, landlords are usually down at the bottom of the list of repayment – after suppliers and other vendors – when tenants default in their financial obligations. In “normal” economic conditions, and especially in these economic down times, landlords should be particularly diligent in evaluating and strengthening commercial leases for their own [...]
Accommodating Commercial Tenants
With the increase in vacant office space due to commercial tenants defaulting on their rent and/or filing for bankruptcy, landlords need to be aware of how to keep existing tenants while remaining in the black. Based on the problems in the nation’s economy, some commercial tenants are asking for a rent reduction in exchange for an [...]
Landlord Tips: When to Release a Tenant from their Lease
Because the Dallas commercial real estate industry is still in a precarious situation, landlords may often wonder about releasing a tenant from their lease. After all, the question of whether they can fill that commercial space with another tenant is certainly in question, given the harsh state of the Dallas commercial real estate market. Consider Local [...]
What to do when your Tenant Files for Bankruptcy
Being a Dallas commercial real estate landlord can come with its share of challenges. And one of those challenges is when your tenant files for bankruptcy. What do you do? Where do you turn? It is important to understand both your rights and obligations as a landlord. The following tips can help guide you through the [...]
