Archived
Can liability insurance protect a property owner as much as incorporating from a lawsuit by a tenant?
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Answered on September 11, 2020
I would always recommend that you hold the investment property in a separate legal entity (typically RE is held in LLCs). Each property should be...
Can I unilaterally terminate the unexpired commercial lease if the landlord does not agree ?
Nancy's answer
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Answered on September 11, 2020
The answer to your question lies in the terms of the lease you signed. If you have a personal guaranty that you signed then you have to be...
Archived
Will my DBA get approved for a name similar to something that is already registered?
Nancy's answer
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Answered on September 04, 2020
A fictitious or assumed name registration in Pennsylvania does not have to be unique. It is typical, for example, for a franchisee of a system to...
Archived
Can I sublease my entire space?
Can I reduce the rent due to COVID-19? ( Force majure )
Nancy's answer
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Answered on August 25, 2020
As my colleague indicated, the answers to your questions are in the 4 corners of the lease you signed. Your questions point out the importance of...
Archived
Is it possible to get out of a commercial real estate office contract with 2 years left on your Triple Net Lease?
Nancy's answer
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Answered on August 19, 2020
The answer to your question lies primarily in the "Force Majeure" or "Acts of God" section of your lease. You most likely are not permitted to...
Is it wise to dissolve our NJ LLC & start a new LLC in PA since we moved to PA?
Nancy's answer
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Answered on July 30, 2020
There are a few possible ways to handle this. You could make the NJ LLC a holding company and have sub-LLCs under it. If you are acquiring...
Can you sell your business without a lease?
Nancy's answer
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Answered on July 26, 2020
As my colleague stated, you can sell the assets of the business but the buyer would have to work out a new lease with the Landlord. Typically this...
Franchisor, Licensor, or a Consultant? Disclosure docs or just a business agreement contract?
Nancy's answer
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Answered on July 23, 2020
Your query does not seem like a good one for this venue. I would suggest consulting with experienced franchise counsel. However, from the little...
How to decide salary for 50:50 ownnership
Nancy's answer
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Answered on July 21, 2020
Employment is different than ownership. How you split profits of the business should be 50/50 since that is the ownership. How the business pays...
Should my new landlord have circulated a new lease for us to sign?
Nancy's answer
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Answered on July 20, 2020
Typically a buyer of a commercial property will take the property and acquire all the leases in place. The leases/rents are part of the value the...
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