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Showing 4 posts in Real Estate.
Lease Negotiation with Sophisticated Landlords
Imran Hayat presented on “Lease Negotiation with Sophisticated Landlords” at the recent Michelman & Robinson Food & Beverage Hot Topics seminar that took place on October 13, 2014, at a private club in Santa Monica. Hosted by M&R's Hospitality Industry Affinity Group, this unique event provided two panels of discussion on Growth Planning for Restaurant Businesses, followed by a sunset cocktail reception overlooking the ocean. In this video segment, Imran discusses the importance of understanding and negotiating the use clause in commercial lease agreements.
Alan Benge © 123RF.com
How to Choose a Location for Your Restaurant
Despite being a key to its success, a restaurant’s location is a frequently seen as ancillary in the planning process. Long hours of preparation, trendy menu items and great service can all be futile if the location isn't right. A restaurant’s location will influence a myriad of decisions, including the menu. The following are best practices to consider when choosing a location before opening your new restaurant. (Read more)
cookelma /depositphotos.com
Late-Fee Confusion In Calif. Residential Leases
As anyone who has ever surfed the Internet knows, there is a great deal of conflicting information and advice to be found on just about every topic under the sun. One such issue, which has been the subject of increasing interest and debate in online legal forums over the last several years, is whether or not the standard provision for late fees in a residential lease is enforceable in California. (Read More)
Dmitriy Shironosov © 123RF.com
Subordination Agreement Risks: Although a Standard Document, Due Diligence is Required
You have finally found buyers for that vacant lot. Given market conditions and the lending climate, you are asked to “carry back” (e.g., seller finance) a significant portion of the purchase price. Due to the buyers’ need for a construction loan, you are asked to sign a subordination agreement, automatically putting your loan in second-lien position. If you refuse to sign the paperwork, the buyers will back out because they need the construction loan for development; the construction loan will be first-lien. (Read More)