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Clear and detailed common area maintenance provisions in commercial leases can minimize conflict and risk, ensure fair and consistent cost allocation and recovery, and benefit landlords and tenants alike.
Buyers of commercial property who put the contractual cart before the horse by not contacting an attorney until after signing a purchase agreement expose themselves to unnecessary risk and avoidable disaster.
Several circumstances complicate commercial lease commencement terms in Michigan. How can parties steer clear of the potentially damaging consequences?
The transfer of real property in Michigan can result in avoidable tax burdens if the owner doesn’t structure their conveyance to avoid “uncapping” its taxable value.