Landlord Resources Archives - H.W. Holmes Inc.

Commercial Property Landlords Must Think About These 4 Things During COVID-19

admin — Wed, 20 Jan 2021 08:02:50 +0000

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 [...]

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Options for Commercial Landlords as Tenants Struggle to Pay Rent

admin — Fri, 01 May 2020 22:13:11 +0000

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 [...]

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Will Force Majeure Clauses Apply During the Coronavirus (COVID-19) Pandemic?

admin — Sun, 15 Mar 2020 20:11:39 +0000

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 [...]

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Who Pays for Tenant Improvements?

admin — Fri, 01 Jun 2018 15:09:56 +0000

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 [...]

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Why Employers Are Downsizing Office Space Square Footage

admin — Thu, 07 Sep 2017 01:44:14 +0000

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, [...]

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WARNING: Not All Office Tenant Transfers Require Landlord Consent

admin — Wed, 05 Jul 2017 16:30:53 +0000

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 [...]

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