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Triple-Net (NNN) Lease Traps for First-Time Franchisees
Triple-Net (NNN) Lease Traps for First-Time Franchisees Leasing space for a franchise location often begins with a triple-net, or NNN, lease. At first glance, this structure seems straightforward: the tenant pays base rent plus their share of property taxes,...
How to Protect Yourself from a Personal Guarantee Clause in a Lease
By Tamer (Tom) Abdou, Esq. When negotiating a commercial lease, both landlords and tenants must understand the implications of a personal guarantee clause. For landlords, it offers financial protection. For tenants, it can expose personal assets to significant risk....
Commercial Lease Guarantors: When and How Landlords Should Require Them
By Tamer (Tom) Abdou, Esq. In commercial leasing, a personal guarantor can provide landlords peace of mind, but requiring one too broadly can discourage strong tenants. Understanding when to ask for a guarantee and how to structure it properly ensures fairness for...
When Can a Landlord Deny Your Lease Renewal and What Can You Do?
By Tamer (Tom) Abdou, Esq. For commercial tenants, few things are as stressful as the possibility of losing your space when a lease comes up for renewal. You have invested time, money, and energy into building your business at this location. A denied lease renewal can...
Common Pitfalls When Signing a Commercial Lease (And How to Avoid Them)
By Tamer (Tom) Abdou, Esq. Signing a commercial lease is one of the biggest commitments a business owner can make. Unlike residential leases, which tend to be standardized and short-term, commercial leases are highly negotiable, legally complex, and packed with...
The Importance of Ensuring Your Condominium Complex is Approved by Fannie Mae and Freddie Mac
By Tamer (Tom) Abdou, Esq. When buying a condo in New Jersey, whether as a primary residence, vacation home, or investment property, one critical factor often overlooked is whether the condominium complex is approved by Fannie Mae and Freddie Mac. These are not your...
New Bond Requirement for Home Improvement Contractors in New Jersey
At our firm, we get a steady stream of clients that are homeowners that have had a significant issue with a home improvement contractor. Many times, such issues lead to litigation, but one of the lingering issues is that sometimes a home improvement contractor has no...
The Importance of Conducting an OPRA Search When Buying Real Estate in New Jersey
When purchasing real estate in New Jersey, one crucial step that buyers often overlook is conducting an Open Public Records Act (OPRA). This search can provide invaluable information about the property and its history, helping buyers make informed decisions and avoid...
How to Properly Negotiate for HVAC Issues in the Winter
Buying a home in the winter can present unique challenges, especially when it comes to HVAC systems. Given New Jersey's cold winters, ensuring that the heating system is in top shape is crucial. A skilled New Jersey real estate attorney will help guide you through the...
Preserving Your Rights in a Personal Injury Case After a Car Accident in New Jersey
Let’s face it. There are few things worse than being in a car accident. This is true especially if you are injured. As New Jersey auto accident attorneys, we have served many different clients in several types of accidents for their personal injuries. In our...
Enhancing Transparency: The New Jersey Real Estate Consumer Protection Enhancement Act
In July 2024, Governor Phil Murphy signed into law the New Jersey Real Estate Consumer Protection Enhancement Act, a significant step towards increasing transparency and consumer protection in real estate transactions. This law became effective on August 1, 2024. ...
What to Expect on Closing Day When Buying a House in New Jersey
Introduction Closing day is an exciting milestone for homebuyers in New Jersey. It’s the day when ownership officially transfers from the seller to the buyer. By the time of your closing, you should already be familiar with your attorney and his/her office, as well as...
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