When acquiring commercial real estate, one thing you may consider is the difference between buying land and building from the ground up or buying an existing building and renovating it. Which one is going to be better for your company? Are there any advantages to...
Real Estate & Development
How developers can manage zoning changes in Arizona
Arizona's growth creates both opportunities and challenges for developers seeking zoning changes. Whether you are planning a residential community in Scottsdale, a commercial space in Tempe or a mixed-use project in Peoria, understanding the rezoning process is key to...
How do the contingencies in your lease protect your interests?
If you are renting out a residential or commercial property in Arizona, you know that lease agreements play a crucial role in defining the relationship between you and your tenants. This legally binding contract means that while you retain ownership of the property,...
The importance of due diligence when buying commercial property
When you consider buying commercial property, due diligence plays a crucial role. It involves thoroughly examining the property to identify potential risks, financial implications and legal issues. This process can help you avoid costly surprises and make sure the...
What happens if a buy/sell agreement is not in writing?
In property transactions, a handshake and a verbal agreement might seem sufficient to seal the deal. Still, some property transactions occur without proper written documentation. This oversight can lead to many legal issues and potential headaches for both buyers and...
What should you know about financing commercial real estate?
Securing financing for commercial real estate projects takes planning and attention to important details. Developers must consider key factors to keep their projects on track and within budget. Knowing the costs Developers must understand the cost of the entire...
How zoning issues can limit property owner freedom
Picture finding your ideal property, only to learn that zoning rules greatly limit your options. This situation is a frequent challenge for many hopeful homeowners and real estate investors. Zoning laws divide land into specific use categories, such as residential,...
Commercial lease reviews: Avoiding pitfalls when buying tenanted properties
Imagine discovering hidden lease terms that cut your expected returns or, worse, inheriting a legal dispute with existing tenants. These scenarios can quickly turn a promising investment into a costly ordeal. However, a careful look at existing leases can help you...
Mechanic’s liens: A hidden risk of home renovations
Home renovation fever continues to sweep across America, with homeowners investing more than ever in upgrading their living spaces. According to a recent survey by Houzz, the median spend on home renovations skyrocketed by 60% in just three years, reaching $24,000 in...
Valid reasons to ask for commercial rent reduction
Rent is one of the most significant expenses for businesses, and there may come a time when you need to negotiate a reduction. This process, however, is easier said than done. Requesting a commercial lease reduction is more than just a polite request. In most cases,...