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When a hurricane strikes, it can leave commercial real estate properties in disarray. Damage can range from minor repairs to complete destruction. As a property owner, it is crucial to understand your rights and responsibilities under your commercial lease agreement. Typically, commercial lease agreements include provisions addressing damage and destruction. These clauses specify the…

People who own commercial real estate usually need at least one loan from a bank or another source. If you ask to borrow money from a bank, the loan application process can be long and tedious. Because business owners typically ask for higher amounts of money, the bank must do its due diligence before…

With more aspiring entrepreneurs looking to launch their businesses, you might notice an increased interest in leasing office space. This trend offers property owners like yourself a chance to earn passive income from your investment. Since you’ll be permitting others to use your property for a specific period, it’s crucial to have a contract…

When buying commercial real estate, it is crucial to consider more than just finances. Understanding a property’s environmental impact is equally important. Disregarding environmental rules can lead to severe consequences, especially for commercial property owners. Penalties such as hefty fines, cleanup costs, business disruptions and even criminal charges make environmental due diligence a must…

A home appraisal analyzes the value of a property. A certified or licensed appraiser hired by the lender during the home purchase process performs the appraisal. What happens during a home appraisal? During an appraisal, the appraiser inspects and evaluates both the interior and exterior of the home, ensuring that the structure is still…

Buying a home in a neighborhood that has a property owners association (POA) means playing by the rules they set. Restrictive covenants define what the property owner can and cannot do on the property. These are limitations set by the POA and usually voted on by the entire community, then enforced by the board….

Buying and selling property can be complex, depending on the sale’s circumstances. Sometimes, the purchase can run smoothly, requiring little to no additional procedures or expenses. Other times, the sale can go in different directions with every new detail revealed about the property, such as investigation findings indicating termite damage. How can it derail a…

Disputes between homeowners and neighbors are not the only thing property owner associations (POA) deal with. It is also possible to have disputes between the homeowners and the board, or board members. Dealing with such disputes can be stressful and time-consuming, so the board must consider whether the dispute is serious enough to warrant…

Owning and operating a commercial property can be an excellent investment for business owners. One of the factors you need to consider when purchasing your property is the location. Understanding the transportation infrastructure, economic standing, job market, accessibility and population trends in the area where your property is located can help you make an informed…

Homeowners’ Associations (HOAs) often perform duties that help maintain peace and quiet within the community. However, conflict can sometimes be unavoidable, and members may disagree with certain restrictions. While HOA reps and associates can resolve simple conflicts through a discussion, some complex issues may be more challenging to address. If the two parties cannot…