In both commercial and residential real estate, property owners often need to make additions and improvements to their land and buildings. When these improvements are permanent and not easily removable, they are known as appurtenances. What Is an Appurtenance in Real Estate? In real estate, an appurtenance is something that is installed onto or is a part of a property. ...
Leasehold agreements between owners and tenants can take many forms in commercial real estate, but every form includes some sort of relationship between the lessor, the lessee, and the duration of time the lessee can inhabit the property. While there are several types of leasehold tenancies in conventional property agreements, one form exists only when a lease has been terminated ...
It happens more than you might think. Developers and investors find an excellent commercial property with tons of potential. They go through their due diligence checklist and move forward with purchasing the property. The problem is: they didn’t have a commercial real estate attorney go over the title documents to check for any encumbrances. Or, if they did, they glazed ...
One way commercial real estate investors can bring in capital is by renting out spaces they own to tenants. Depending on the asset type and the owner’s stake in the property, these tenants can be startups, manufacturing companies, small business owners or even young families. No matter the situation, landlords and tenants alike need to agree to the terms of ...
When purchasing commercial real estate, you always want to make sure you’re legally able to buy the property. One way to ensure this status is by confirming who actually owns the property, and you can find this information through a chain of title search. What Is a Chain of Title? A chain of title refers to a property’s history of ...
In large shopping centers like strip malls, or even regular malls, there is usually one large, big-name store that draws customers to the area and attracts business to all of the smaller nearby stores. When that large store shuts down, though, it can be a major problem for the smaller stores, who inevitably lose business as a result. For this ...
In both commercial and residential real estate, there are a number of different types of leasehold agreements a tenant and a landlord might come to, some with more formal terms and conditions, and others with no written lease at all. One such agreement is known as a tenancy at will. What Is Tenancy at Will? A tenancy at will is ...
Although the term “leasehold estate” is rarely used today, according to Kyle D. Tucker, a real estate attorney with Eastman & Smith LTD, it’s still an important concept to understand in commercial real estate, for both landlords and tenants. What Is a Leasehold Estate? A leasehold estate is a leasing arrangement in which a landlord, the lessor, allows a tenant, ...
When leasing or purchasing property, there are various rights and limitations that go along with ownership versus leasing. If a person owns a property and has the right to buy and sell that property, this situation is known as a freehold estate. What Is a Freehold Estate? A freehold estate is a property owned by a landlord. To qualify as ...
Although property ownership might seem fairly cut and dry, there are actually several different types of ownership, with varying limitations and conditions. The most common type of property ownership in the US, for both residential and commercial real estate, is known as fee simple real estate. What Is Fee Simple? With fee simple real estate, the buyer takes full ownership ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.