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A rent-ready credit is a legal provision commonly included in a multifamily real estate purchase agreement that allows a buyer to recover turnover costs at closing. The credit is used to cover the costs needed to make vacant...more
California law has long treated commercial and residential tenancies differently. Consumer protection-focused regulations enacted to protect residential tenants were legally considered inapplicable to business tenants which...more
Broadly speaking, according to the Florida Department of Revenue, each Florida sale, amusement park admission, storage unit and rental is taxable (unless it falls under an exemption, such as nonprofits). More specifically,...more
German civil law differentiates between residential and commercial leases (Mietvertrag) and leaseholds (Pachtvertrag). Residential or commercial leases are more common than leaseholds: they grant the tenant a right to use the...more
Historically, receiverships for commercial real estate were used to collect rents and fees generated by income-producing properties prior to the completion of foreclosure sales on those properties. While receiverships are...more
As you may have read in our previous bulletins (UK Government Provides Extra Protection for Businesses with Ban on Evictions for Commercial Tenants Who Miss Rent Payments, COVID-19: Key Considerations for UK Commercial...more
In this episode of Digging Into Land Use Law, Nossaman Real Estate Group Co-Chair David Graeler and associate Maya Hamouie discuss myriad problems that may arise when a market rent adjustment provision in a long-term ground...more
In April and May of 2020, the unprecedented challenges resulting from the COVID-19 pandemic and the related mandatory closures and restrictions on operations began to be felt by retail tenants across the United States. As a...more
The Real Estate Report, produced by our Real Estate lawyers, covers important commercial real estate trends and developments....more
Further to our article published on 1 May 2020 around Key Considerations for UK Commercial Landlords in light of COVID-19, we have seen, over the past weeks, a number of important updates in the real estate sector in an...more
Le gouvernement fédéral a récemment annoncé le lancement du programme d’Aide d’urgence du Canada pour le loyer commercial (l’« AUCLC »), lequel procure une réduction des loyers des petites et moyennes entreprises touchées par...more
The federal government recently announced the introduction of the Canada Emergency Commercial Rent Assistance (CECRA) program, which provides rent relief for small and medium-sized businesses that have been impacted by the...more
Many businesses have been severely impacted by the coronavirus pandemic and are seeking rent relief from their landlords in order to maintain operations. If your business is preparing for, or already engaged in, rent relief...more
In the midst of the COVID-19 pandemic, many commercial landlords may be wondering whether they’ll receive their next rent payment as tenants struggle to make ends meet. Landlords and tenants alike should be prepared for a...more
In a significant ruling impacting commercial real estate lenders in Michigan, the 6th Circuit Court of Appeals has ruled that an absolute assignment of rents that had been fully perfected (by demanding payment from tenants to...more