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Negotiate commercial leases and renewals like a pro Renting space for businesses and navigating a commercial lease can be a daunting task for those without expertise, as errors or oversights can cost thousands of dollars. Thankfully, Negotiating Commercial Leases & Renewals For Dummies takes the mystery out of the commercial leasing process and offers expert tips and advice to help small business owners successfully negotiate their leases???without losing their cool, or their cash. From one of the industry's most respected and experienced consultants, Negotiating Commercial Leases & Renewals For Dummies provides tenants with tips and advice on finding the best location and amenities for a business; understanding space needs and maximizing lease space; ensuring fair operating costs and keeping rent fees at a manageable level; minimizing the deposit requirement; mastering and executing negotiation strategies and tactics; and much more. Discover the rights and responsibilities associated with commercial leases Find out how much negotiability and flexibility you can expect in commercial leases and renewals Get to know which laws protect you and your business Negotiating Commercial Leases For Dummies is essential reading for the more than 10 million business owners, entrepreneurs, retailers, restaurants, doctors, and franchise tenants who lease commercial, office, and retail space across North America.
Every surveyor, property manager and lawyer who deals with commercial property needs to have a thorough knowledge of Part II of the Landlord and Tenant Act 1954, which governs the rights of business tenants to obtain renewals of their leases. A maze of complex and carefully interlocking provisions, the Act was radically amended by a Regulatory Reform Order as from 1 June 2004. These changes include: •widening the scope of protection •removing traps for tenants such as the counter-notice •changing the rules about court applications •amending the basis of assessing interim rent •imposing tougher requirements for giving information •creating new procedures for contracting out of the Act •a raft of new prescribed forms This new book gives a clear explanation of the workings of the amended Act, keeping the framework in view while delving into the detail whenever needed. The old law is included for those situations where it may still be relevant. Written by a property lawyer assisted by a chartered surveyor and a property litigator, this publication, in addition to setting out the law, gives detailed guidance on practice for surveyors, managers, valuers, expert witnesses and property lawyers.
Part II of the Landlord and Tenant Act 1954 gives rights to business tenants to negotiate the renewal of their tenancy when it comes to an end and gives rights to the landlord to oppose such renewals in certain cases. Where negotiation fails, the Court has powers to settle the terms of a renewal, end a tenancy, or grant compensation to the tenant. The law was radically altered in 2004 by Regulatory Reform Order and statutory instruments containing the new forms and notices. This new scheme is now in force in England and Wales and case law is beginning to emerge. The process of renewal is subject to strict regulation, precise documentation, time-limits, and completion of prescribed forms. This book is designed to provide a step-by-step guide around the twists and pitfalls of the new renewal procedure. This practical book: outlines the rights of the parties involved; guides the reader through the legislation; provides up-to-date references to case law; offers useful checklists; includes Part II of the Landlord and Tenant Act 1954 (as amended). Renewal of Business Tenancies will prove to be an invaluable guide to renewals for busy practitioners.
This book offers clear explanation and detailed commentary on how a landlord or licensor can obtain possession of business premises and how a tenant can oppose such action or renew the lease. Written from the litigator's point of view, this guide covers all the key issues in an accessible and comprehensive manner
Make your money work for you with sound commercial real estate investment strategies If you're looking for more detailed advice on the commercial real estate market than, "Buy low, sell high," you've come to the right place. Commercial Real Estate Investing For Dummies is where you can find the smart, straightforward, and accurate info you need to get your start—or grow your portfolio—in commercial real estate. You'll learn foundational strategies, tips, and tricks for investing in all sorts of commercial properties, from apartments to shopping malls. You'll also get rock-solid advice on: How to get started in commercial real estate investing, even if you've never tried it before How to work with business and investment partners and protect your own interests with contracts Financing your investments with a variety of instruments and taking advantage of legal tax opportunities Growing wealth by investing in real estate is a strategy as old as money itself. Do yourself a favor and get in on the action with this straightforward and up-to-date guide!
When you sign a commercial lease, you are putting thousands of dollars and your business on the line. This guide has been designed to help you effectively and fairly negotiate your next lease or lease renewal. Includes: -- Selecting the lease term -- Getting the lowest possible rent -- Insurance and indemnity -- Default by a tenant or landlord -- Security deposits, guarantees, and letters of credit -- Getting a rent reduction with your renewal -- Choosing the best site for your business -- Obtaining leasehold improvements
This book is designed to complement the author's A New Land Law,integrating with that work in its simplified terminology, and emphasising a three-fold functional classification of leases – short residential tenancies, long residential leases and commercial leases. Rented housing is treated as a unified whole, with particular prominence being given to shorthold arrangements. The book includes reference to the changes to the allocation and homelessness regimes proposed by Part II of the Homes Bill 2000. It also considers the impact of the Human Rights Act 1998, the changes to repossession procedures implemented by the Woolf Reforms, and the year 2000 bumper crop of decisions on housing law. Leasehold tenure is undergoing dramatic changes. The book draws a functional distinction between long residential leases and rental arrangements, based on the registrability of long leases, their freedom from rent controls and security of tenure, special controls of management and forfeiture, and enfranchisement rights. Extensive coverage is given to the Commonhold and Leasehold Reform Bill 2000, introduced into the House of Lords in December 2000, and promising improvements in the enfranchisement schemes, additional management controls, and a commonhold scheme. Topics on commercial leases (business and agricultural) given special attention include the reasonable recipient principle for the construction of notices, a decision on the effect on a sub-tenant of an upwards notice to quit by his head tenant, and Law Commission proposals on the Termination of Tenancies (1999).
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.