Welcome to the Lowndes Leasing Lawyers blog, where our real estate attorneys share updates and insights for successfully navigating today's commercial leasing industry.
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The 2024 Atlantic hurricane season starts June 1, with NOAA predicting higher activity. Effective planning and flexibility are essential.
Beginning June 1, 2024, Florida cuts sales tax on commercial leases from 4.5% to 2.0%, affecting payments after that date, including prepayments.
Both landlords and tenants need to consider all possible issues that could lead to disputes regarding each party’s rights and obligations when challenging property tax assessments.
A Toronto property management company bans electric vehicles over lithium battery fire risks, sparking debates on landlord rights and the challenge of managing innovation and risk.
Starting December 1, 2023, Florida lowers sales tax on commercial property leases from 5.5% to 4.5%, applicable to payments for occupancy periods beginning on or after that date.
Commercial landlords in Florida may expose their properties to contractor liens through tenant work. State law provides protection, yet many landlords overlook it, risking their assets.
Silence on rent in a commercial lease renewal provision leads to the extension of all terms, including the expiring rental rate, as per Certified Motors, LLC v. Aventine Hill, LLC.
In triple net office leases, a "gross-up" provision helps landlords estimate operating costs at full occupancy, allowing them to charge tenants based on higher, normalized expenses.
Growing demand for rental housing, particularly Build-to-Rent (BTR), rises due to varied lifestyles and benefits for renters.
Drone use in commercial buildings aids inspections but requires adherence to FAA and state regulations. Contracts must address ownership and liabilities.
In commercial leases, cap on operating expenses (like CAM) can be cumulative/non-cumulative, impacting landlord-tenant responsibilities in cost increases.
Commercial leases often negotiate caps on controllable operating expenses. Whether cumulative or non-cumulative, these caps significantly impact expenses passed to tenants.
LOIs summarize real estate deals, but require legal scrutiny. They're crucial before formal contracts.
Florida's Internal Improvement Trust Fund owns submerged lands. Upland owners need a lease for structures.
Orange County follows Miami-Dade, halting evictions amid COVID-19. Clarity needed for commercial vs. residential cases.