Join the 9 million people who found a smarter way to get Expert help

Recent Commercial Property questions

Can the City of Atlanta designate my commercial property a

Can the City of Atlanta designate my commercial property a Landmark Preservation Building after I have already applied for a demolition permit and not properly compensate me for my use.

Read more

J. Warren

Attorney

Doctoral Degree

4,096 satisfied customers
I have a commercial apartment building I would like to sell

I have a commercial apartment building I would like to sell that I own. It currently has a loan. I wanted to ask if the following could be structured.I was thinking to set-up a master lease for the property. We would set-up the master lease that I would retain ownership/title to the property initially.I was thinking to set-up the master lease with the following:* The master lease would provide the lessee the right to collect rents, repairs etc for the property. The title would remain the same initially. * The lessee would pay me 20% down.* The lessee would pay me an amount equivalent to the purchase price minus down payment amortized over 20 years at 8% interest rate. * Monthly property tax and insurance would paid separately to me and held in escrow.Within 3 years the actual sale would occur, I would pay off the existing loan on the property and provide lessee title to the property. I would offer seller financing, but it will be seem less to the lessee as the payments and remaining principal amounts would remain the same. Lessee would take care of the property taxes and insurance on his own at that time. These things will be mentioned in the master lease.I have heard it being done with many other commercial properties. I wanted to ask if you have any concerns using about doing this? Is their any way to have the insurance in the lessor's name?

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,390 satisfied customers
I'm in Nebraska. I tried to buy my property back at the

I'm in Nebraska. I tried to buy my property back at the forclosers auction, I didn't win the bid got to High. The wining bidder, knew I lived there and had electricity shut off the day of the auction. My two dogs almost suffocated, luckily I returned before that. He received restitution of premises the court proceedings, sheriff showed and gave me orders to leave. I was unable to remove my business assets personal property and most of my property ended up in landfill or the new property owner keep.JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: NebraskaJA: Have you talked to a lawyer yet?Customer: Briefly and was told that there is no president setJA: Anything else you think the lawyer should know?Customer: Being harassed by new owner

Read more

Maverick

Doctoral Degree

6,368 satisfied customers
I'm looking for some advice about a rental lease. I own a

Hello. I'm looking for some advice about a rental lease. I own a 3-bedroom house in Austin, Texas, that is currently occupied by 3 tenants. They leased last year and I had commercial property manager who handled everything as I was working overseas. The lease renewed July 1, 2016. After the lease renewed, I cancelled my contract with the leasing company because I returned to the city in July and want to manage it myself. The problem began that the house is incorrectly described as an "unfurnished" house. However, the house is fully furnished with antiques and expensive art. (This mistake was on the last lease as well, but no one noticed it.) Furthermore, the leasing company agent signed the lease instead of getting my signature. Also, the leasing company is designated as the payee, not me. Nor has there been any designation that I am taking over the lease and am the new payee. I asked tenants if we could make these two changes to the lease. They refused saying the current lease is valid and they won't sign a new lease even if it is basically saying exactly the same thing as the current one with just these two corrections. I said, then I will have to unfurnish the whole house and they said, fine. I don't want to do that as it will be very expensive to move and I will probably have to store my furnishings in public storage (the garage isn't big enough for everything). Before, they said they want me to just make an addendum with all the furnishings, but now they say they don't want to be responsible. Even if I make an addendum, the lease would still be have outdated payee info. I'm stuck. What should I do?

Read more

Maverick

Doctoral Degree

6,368 satisfied customers
We are in California and we have a lien placed on our

Hi we are in California and we have a lien placed on our commercial property ( a gas Station) due to a promissory note on that was made in 2005 and was supposed to expire in 2015. No payment was ever made on the note. We just want to know if they can foreclose on our property.

Read more

37,840 satisfied customers
In a tenants in common ownership of a commercial property

In a tenants in common ownership of a commercial property with four equal share owners i.e. 1/4 share for each of 4 tenants in common; can one of the property owners/Tenants in Common have a business that is the lessee of the property and have any say in the Lease rate that they will pay for the property. Is this not a conflict of interest? Do they not have a fiduciary responsiblity to remove themselves from discussions of the lease rate?

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

46,390 satisfied customers
This is a case under California law. Can a landlord impose a

This is a case under California law. Can a landlord impose a "tenant at will" designation upon someone who is occupying a commercial rental property (he was there before the landlord bought the property from the owner but there is no extant tenancy agreement) for the purpose of creating a tenancy that suffices to bring an action for eviction under the unlawful detainer statutes (CCP 789, 1161). CCP 1166 and case law require that there be a landlord-tenant relationship to bring the eviction under the unlawful detainer statute.That is, can a property owner elect to implicitly consent (as a matter of law) to someone who is occupying the property to be a tenant? Can a tenant who, knowing that the property is a commercial property, by their remaining on the property which they know is not theirs implicitly consent (as a matter of law) to being a tenant? Is this a form of tenancy at will?A reference to case or statutory authority would be needed in the answer.

Read more

P. Simmons

Attorney

Doctoral Degree

35,224 satisfied customers
City of Camarillo, CA Trying to lease M1 zone property

City of Camarillo, CATrying to lease M1 zone property for dance studio.I have existing CUP - conditional use permit in M1 zone currently but need to move to expand business. Obtaining the existing CUP was also very difficult.City unwilling to consider CUP for multiple properties I have located, no other property options on the market.CUP presents issues with number of parking spaces required.Constraints on my needs are not being applied to other dance studios who currently have operating businesses in M1 zoned areas. Same with other similar businesses i.e. karate studios.Per ordinances, I can not argue the parking spaces, however they are restraining my ability to grow my business, and likely even close my business because my current property is no longer available. 5 years at current location.My argument is...why do they let some businesses but deny ours.Need advice on how to pursue without starting long term fued with the city that will limit future endeavors. i am a 20 year Camarillo resident/home owner. Also, I own 25,000 commercial property in Camarillo and employee 70 people with another business. The dance business has 220 students and 5 full/part time employees.

Read more

Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,732 satisfied customers
Thank you time and your help. I have a client who is

Hello. Thank you for your time and your help.I have a client who is interested in buying a commercial property next to his business. He believes there are environmental issues with the property he wished to buy. . . and he is OK with itHowever, just in case, with whom do I check to see if there WILL be an issue. I know there are different levels (phases) of testing - will these issues prevent us from closing if my client is OK with it even if there ARE issues?? My client is planning on offering lower than market value to make allowances for clean-up. (But I would like to check to see who does this work and how much it might cost.)I hope I explained that well enough.THANK YOU

Read more

Albert Marmero

Juris Doctorate

326 satisfied customers
View more real estate law questions
In The News