Many contracts and leases leave the parties to determine a future purchase price or rent between themselves as set by the then “Fair Market Value” (FMV). The crafty draftsperson will often try to sneak in language “as determined by seller (or landlord)”. But smart buyers...
Selecting the right property to buy or lease can be tricky. Every one knows the old adage "location, location, location". Clearly, location is crucial to every one involved in a real estate project from brokerage to development to construction; from lending to investment; from management...
Tenants shopping for new space should understand how the cost of Landlord funded Tenant Improvement affects rent. When negotiating for space, one of the first questions a Tenant should ask is whether the advertised rent includes any TI allowance because after negotiating a comfortable rent,...
Every buyer of real property wants representations and warranties from its seller in the purchase contract. Every seller knows that the buyer is going to request that the seller make representations and warranties as to everything under the sun and the seller will do its...