Video: Lease Assignment Perils Start Transcript: Lease Assignment Perils Another issue that you need to be aware of both on the landlord side and the tenant side, when you’re signing a lease. Is let’s say, going back to my example of Chip taking over the restaurant. Let’s say Chip, as we all know he was …
Video: Intro to Title Insurance and Escrow Start Transcript: Intro to Title Insurance and Escrow I remember when I first got into law practice, the partner that I worked for, he was mostly a real estate transactional lawyer, he put something on my desk and he said, “This is a title commitment, and I need …
Video: Common Pitfalls in Commercial Real Estate Start Transcript: Common Pitfalls in Commercial Real Estate What are the most common pitfalls in commercial real estate? Real estate is a broad area of the law. It touches on so many things. There’s contract law, there’s property law, there’s family law, it really hits on so many …
What are Estoppel Certificates? Start Transcript: Estoppel Certificates Explained An estoppel certificate is a device that is used by landlords and by lenders in order to get some certainty as to what their situation is on a property. The lease agreement also should provide for estoppel certificates. It’s one of those terms that nobody understands …
Video: Due-on-Sale Clause Start Transcript: Due-on-Sale Clause A due-on-sale clause is an agreement that usually exists in loan documents where the borrower is representing to the lender that they are going to be using the building or the real estate, whatever kind it is, for certain some purpose, and they are personally going to be …
Video: Commercial Real Estate Financing & Personal Guarantees Start Transcript: Commercial Real Estate Financing & Personal Guarantees In commercial leases you will usually see, unless the tenant is really well established and an excellent credit risk for the landlord, you will usually see the landlord requiring the individuals who own the business to personally guarantee …
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Video: Assigning a Lease & Landlord Approval Start Transcript: Assigning a Lease & Landlord Approval Let’s say that you are a commercial tenant. You have leased, let’s say it’s a pad in a shopping center that you are going to use as a restaurant, and you’ve got your restaurant in there for two or three …
Video: A Trap for the Unwary: Personal Guarantees in AZ Start Transcript: A Trap for the Unwary: Personal Guarantees in AZ What else can you do to secure your money? You want as many people as you can get guaranteeing that repayment. You may be loaning money to a business. Businesses come and go. People …
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Video on Managing Deficiencies on Loans in AZ Start Transcript on Managing Deficiencies on Loans in AZ When lenders loan on commercial real estate, they’re usually trying to be pretty conservative. In most cases, they’re going to require at least a 20% down payment. They want to see a loan to value that’s no more …
Video of The Lease is the Law Start Transcript The Lease is the Law Commercial leases can be really complicated. Leasing makes a lot of sense sometimes for both the landlord and the tenant. There are some good business reasons to lease. Sometimes it makes more sense than buying a building, even if you can …
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