Commercial Real Estate Management
This playbook guides small business owners through the legal management of commercial real estate by addressing commercial leases, zoning laws, and property rights.
Step 1: Understand Leases
Study your commercial lease terms thoroughly. Focus on key areas such as the length of the lease term, rent amounts, permissible uses of the property, maintenance responsibilities, and renewal and termination conditions.
Step 2: Zoning Compliance
Verify zoning regulations for the intended use of your property. Ensure that your business operations comply with local zoning laws to avoid legal issues and fines.
Step 3: Review Property Rights
Familiarize yourself with your property rights, including ownership, access, exclusivity, and any easements or restrictions that come with the property.
General Notes
Legal Assistance
Consider hiring a real estate attorney to assist with interpreting leases, navigating zoning laws, and understanding complex property rights.
Insurance
Maintain adequate property and liability insurance to protect against potential losses or lawsuits related to the property.