Articles and updates on AI lease abstraction, lease data extraction, critical-date tracking and commercial real estate automation.
When a renewal resets rent to fair market value, how is that number set? The appraisal process, the arbitration backstop, and the lease language that decides who wins the reset.
Read articleA commercial lease early termination fee is what a tenant pays to end a lease before its term. How the fee is calculated and how to find it in the lease.
Read articleEarnest money in commercial real estate runs 1 to 10 percent of the price and goes non-refundable when due diligence ends. When a buyer gets the deposit back.
Read articleA commercial lease requires the tenant to carry liability coverage, name the landlord as additional insured, and deliver a COI. What the landlord checks and why.
Read articleA binding letter of intent locks in terms and can be enforced; a non-binding LOI does not. How to tell them apart and which clauses stay binding either way.
Read articleAn assignment and assumption of lease transfers the whole leasehold to a new tenant who assumes the obligations, but it rarely releases the original tenant.
Read articleA commercial purchase and sale agreement is the binding contract that sets the price, deposit, due diligence period, and closing conditions for a property sale.
Read articleA commercial real estate letter of intent is a mostly non-binding term sheet that sets the proposed rent, term, and concessions before the lease or PSA is drafted.
Read articleParking ratio measures spaces per 1,000 sq ft of building area. Learn benchmarks by property type, how to calculate it, and why it matters to leases.
Read articleGood guy guaranty explained: a limited personal guaranty that caps an individual's rent liability until the tenant vacates and surrenders broom-clean.
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