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The Exit Strategy
When a tenant enters into a long-term lease obligation, all of the thoughts and questions are generally positive: “How much money will I make?” “How will I expand my business?” “How will I add new employees to my business?” However, equally as important are questions that are slightly more negative, such as, “Will I be able to terminate the lease if my sales are less than expected?” “Will I be able to assign this lease to another entity if I want to sell my business?” “Will I be able to terminate the lease if there is a casualty, including a fire, in the premises or retail facilities near the end of the term, so that I will not need to rebuild the premises following such casualty?” This article addresses different ways that these types of questions and issues can be addressed by tenants in order to create “exit strategies” for their lease obligations.
The Failing Business
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The Article 8 Opt In
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
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Major Differences In UK, U.S. Copyright Laws
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
When Is a Repair Structural or Nonstructural Under a Commercial Lease?
A common question that commercial landlords and tenants face is which of them is responsible for a repair to the subject premises. These disputes often center on whether the repair is "structural" or "nonstructural."