With many state and local governments continuing to roll out measures to minimize this most recent wave of COVID-19, many tenants are asking commercial property landlords for rent relief. Retailers, restaurants, hospitality, and other consumer-facing businesses have undoubtedly been hit hard by this pandemic. Many restaurants in particular were forced to close or reduce capacity [...]
The manner in which we live and conduct our day to day business has been drastically altered by the COVID-19 pandemic. The economic repercussions we face as we social distance to prioritize everyone's health and safety will be profound. Particularly with the state-mandated shutdown of non-essential businesses. A recent Chamber of Commerce survey concluded that [...]
A lease agreement's force majeure provision can do any of the following. It could excuse contractual obligations in their entirety if they can't be met due to a force majeure event. It could delay or defer said obligations until the conclusion of that specific force majeure event. And, in extreme instances, it can allow for [...]
While we are not legal experts, and advise anyone negotiating a lease to seek legal counsel, as commercial builders - we've completed our fair share of tenant improvements. If improvements are needed to turn a space you'd like to lease into a space you can actually use, here are some things to know going into [...]
Millennials are reshaping modern workplaces. In fact, they've ushered in a boom for tenant improvement projects in the Los Angeles area. Modern office spaces are opening up. They're resembling co-work spaces or coffee shops more than yesterday's traditional office. Big desks and row after row of filing cabinets are gone. Replaced by communal work bars, [...]
In most office lease agreements, landlord consent is required for tenant transfers such as subleasing or assignments. There are a few exceptions where it might not be. One is "Permitted Transfers." This is where a tenant can sell their business, bring on another business partner, or sublease the space to an affiliated entity without landlord [...]
