If you own construction company, you are likely well aware of all the possible problems that can arise during a project. Unfortunately, it is impossible to eliminate every potential disaster that could befall a given undertaking, but you can take measures to protect...
Commercial Real Estate
Indemnity clauses can offer you important protections
If you own construction company, you are likely well aware of all the possible problems that can arise during a project. Unfortunately, it is impossible to eliminate every potential disaster that could befall a given undertaking, but you can take measures to protect...
How do you know if a potential client can pay its bills?
If you own a construction company, you only want to work with clients who are financially stable and capable of paying for your services. Due to the complexity, costs, and time needed to complete a construction project, you can ill-afford to take on a client who will...
Equity funds useful for capital, but with strict conditions
If you are a real estate developer, you likely understand how important it is to promote your company as being successful and capable of bringing important projects to fruition. Simply having name recognition can help you acquire valuable business. But the truth is,...
Seeking a zoning exception or variance in Cleveland, part 1
As any developer can tell you, bringing a successful commercial real estate project to fruition is all about problem-solving. Your first problem is finding a property that you want to build on. And then you have a whole host of other problems that involve financing,...
What can the funds from a 504 loan be used for?
Commercial real estate projects are multi-faceted and extremely complex. And financing is typically the most important aspect of successfully bringing a project to fruition. After all, you won't be able to even break ground with the first shovel without there being...
What can a property owner do in an eminent domain situation?
If you own real estate, be it residential or commercial, you likely have plans regarding how long you plan to hold onto your property. And typically, if you are able to keep up your payments on the property, or if you own it outright, you should be able to call your...
Know the benefits and responsibilities of buying a franchise
Contrary to common belief, buying into a franchise, no matter how well known or successful the franchisor may be, is not a guarantee of a successful business. Although many people like the idea of entrepreneurship, owning and operating a franchise is not always easy....
Commercial mortgage modifications may require an attorney’s help
Commercial mortgages are quite a bit more complex than their residential counterparts. There are, however, several similarities between the two, including the ability to make modifications to an existing loan. While many homeowners may find it easy to browse and apply...
Seven things your lease should cover as a property manager
As a property manager, you have probably felt the nervous feelings of taking a chance on a new renter. Your property is your asset and investment, and you are essentially entrusting that investment to the lives and habits of a stranger. So how do you go about...