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A Guide to 3 Basic Types of Commercial Leases

If you’ve decided to go into business for yourself and need a space from which to run your new enterprise, it’s important to understand what types of commercial leases you will be offered. These agreements are a long-term commitment and can cost you a significant amount of money, but selecting the right one for your business operation can save you money in the long run. There are three primary categories of leases when it comes

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3 Common Zoning Problems

Purchasing real estate for your business is an exciting process. It is also a way to increase the value of your business. However, before signing on the dotted line or as part of your due diligence, make sure that the property you are buying or leasing allows for the use you are intending.  Also, check for things such as sufficient parking for the intended use, and that there won’t be expensive impact fees charged in

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5 Tips for Negotiating Business Contracts

One of the key responsibilities of running a business is having the skills to handle complex business transactions and securing the best contracts and deals for your company. Below we discuss some of our best tips for negotiating favorable terms. 1.  Be prepared We know it might seem obvious, but preparing as much as possible before entering any negotiation is essential. Know everything there is to know about the business contract so that the other

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An Overview of the Due Diligence Period in a Commercial Real Estate Transaction

If you’re in the middle of a commercial real estate transaction, there are a lot of things you need to do. One of these things is called due diligence, and it is an essential and comprehensive stage of any commercial real estate transaction. It’s actually so important that your contract should include a clause allowing for this process to take place. So, what’s due diligence? Due diligence is the process of investigating the physical status

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