Leasing Commercial Property?
You worked hard to establish a business presence, you do not want any additional burdens, such as customers not finding you (signage), or not being able to park when they get there (parking) or using the services of another similar business (competitors). The lease should contain specific language tailored to your business needs, including;
- Zoning restrictions
- Signage
- Parking
- Use and Occupancy descriptions
- Build-out requirements
- Zoning restrictions
- Length of Terms, including starting date and renewal options
- Type of rent: gross or triple net
- Assumption of liability
- Corporate obligation or personal guarantee
- Clear Responsibility of maintenance
- Allowing competing business at the same locale
These important clauses must be clarified, otherwise the tenant can find their business restricted - even eliminated! - without recourse from the lease.
Call (248) 643-9530 or email info@zeiglerlaw.com regarding your Commercial Lease.
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Buying or Selling Commercial Property?
The Offer to Purchase and closing documents require numerous items:
- Survey
- Environmental Impact Study
- Current lease(s) of existing Tenants
- Waivers of any Rights of First Refusal
- Consent Resolutions of Buyer and Seller
- Certificates of Good Standing for Buyer and Seller
- Warranty Deed
- IRS Forms, such as Non-Foreign Affidavit and 1099-S
- Tax Bills
- Title Insurance
- Personal Property Bill of Sale
- UCC Clearance
- Bring Down Certifications
We help prepare and obtain the documents necessary to protect both the buyer and the seller, so the commercial property transfers cleanly and clearly to the new owner.
Call (248) 643-9530 or email info@zeiglerlaw.com regarding the sale of Commercial Property.
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