As a commercial tenant in a shopping center or other property with multiple tenants, you’ll likely come across Common Area Maintenance—or CAM—charges as you look for the ideal spot to set up shop. Common areas benefit everyone who rents in a shared area, and as a result, the upkeep costs are split among all tenants. […]
As a landlord, it is crucial to protect yourself from negligent or malicious tenant behavior. A thorough and legally enforceable lease should be your top priority when bringing in a new tenant, whether it’s your first property or your fiftieth. In addition to checking your lease for all of the important clauses, consider consulting a […]
When you are purchasing a store, restaurant, warehouse, office building, or other piece of commercial real estate, you have to clear a number of hurdles to get your loan approved and take ownership of the property. Your Annapolis lender will likely request an environmental audit as they work through the underwriting stage of your loan. […]
When a neighbor gives you the opportunity to purchase their land, it’s incredibly exciting. It may be your chance to add an extension to your home, build your dream home, or plant the garden you’ve always had planned in your mind. However, just like purchasing property from family members, buying land from a neighbor can […]
If you plan on leasing a commercial property, you may have heard the terms “triple-net lease” and “NNN lease.” These are interchangeable terms that refer to a specific type of lease that is popular among both commercial landlords and their tenants. However, this type of lease has a unique structure and specific terms that can […]
Real estate transactions between relatives offer a number of benefits to both buyer and seller. They know they can trust the person they are dealing with and can often cut out unnecessary middlemen that inflate the sale price of the property. However, the same trust that makes these transactions a little bit easier can also […]
When most people decide to sell their homes, they opt to work with a real estate agent to streamline the process and protect their best interests. However, some choose a different route—by selling their home privately, they avoid paying commissions to real estate agents on both sides. This may be beneficial to some, but it […]
When the sale of a property goes off without a hitch, it is a relief for everyone involved. Whether you are buying or selling, a lot can go wrong in any transaction. This is particularly true with private real estate sales, such as transactions that take place between family members, friends, acquaintances, or any other […]
Owning your own home is a major accomplishment, but it’s not always easy. You’ve heard the saying that good fences make good neighbors, and there’s a lot of truth to that. When boundaries are blurred, and ownership is unclear, neighborly relations often fall apart. If you and your neighbor are in disagreement over property boundaries, […]
A contract between contractors or project managers and subcontractors is known as a subcontractor agreement. This contract legally solidifies the terms between the two parties and helps ensure that the terms are honored by both sides. On their part, subcontractors should review the agreement and confirm specifics to ensure protection from unfair risk. In general, […]
