Entering a commercial real estate lease requires a significant financial commitment. You want to make sure the lease agreement treats you as fairly as it treats the landlord. If it does not, your business could end up bleeding money for little to no value in return....
Real Estate
What information needs to be included in a rent-back clause?
Rent-back clauses are very common in real estate contracts. They provide the seller with maximum flexibility when it comes to their actual “move out” date, which can be invaluable when the seller is struggling to juggle a second closing date or find a new home....
What is a partition action in real estate?
Do you own property with another person (or several other people)? Are you finding it increasingly difficult or outright impossible to agree on what to do with the real estate? You’re not alone. That’s why partition actions are needed. A partition action is a legal...
Capital gains tax and inherited assets
Inheriting a home from a loved one can be blessing – particularly if you can make it your family home. It’s even better if the mortgage is paid off so that you can own it “free and clear.” Even if you have no interest in living in it or using it as a rental or...
6 common real estate title issues
When you’re buying a new home, you’re about to embark on a whole new chapter of your life – but you can’t get started until all the previous chapters in the home’s story are closed. When there are issues on a property’s title that aren’t fully resolved, both buyers...
3 types of commercial leases
Finding a commercial space for your business often takes considerable work. You have to find a good location that has most, if not all, of the items important to your company. Once you find the ideal location and a place to lease, you have the challenge of negotiating...
How can buyers avoid an appraisal gap that prevents a closing?
Sometimes real estate transactions fall through before they reach the closing table. After prices surged in recent years, a large number of hopeful buyers have had their dreams destroyed by an appraisal gap. An appraisal gap occurs when the offered price is higher...
Is it better to buy or lease commercial real estate?
If you have the capital available, you might be thinking about whether it’s a good idea to buy a piece of commercial real estate as opposed to leasing one. The answer will always be dependent on what’s right for you and what your wants and needs are. With pros and...
What amounts to an illegal eviction?
You may have a tenant you want out of your property for various reasons, like defaulting on rent or violating terms of the lease agreement. However, you must follow the law during the eviction of a tenant even when you have valid grounds for wanting them out. It is...
Can a seller lie about the condition of a home in North Dakota?
For the average resident in North Dakota, there will be no single transaction that they complete with a higher financial value than a residential real estate purchase. People exchange hundreds of thousands of dollars in return for property and buildings, which means...