2025May
0

COMMERCIAL LEASE GUARANTEES: WHAT EVERY BUSINESS OWNER NEEDS TO KNOW

You’ve organized your business, executed governing documents with your partners, obtained all required licensing, and are now ready to sign your commercial lease.  Many, if not most, commercial landlords will require a guarantee of some sort to protect the landlord in the event tenant defaults.  Understanding the type of guarantee that is required by the…

2025Feb
0

FORECLOSURE SURPLUS FUNDS: A HIDDEN ASSET YOU SHOULDN’T OVERLOOK

Surplus funds generated from a foreclosure can be a significant asset. It’s crucial to understand how these funds are handled and who is entitled to them. What Are Surplus Funds? When a property is foreclosed upon and the sale price exceeds the amount owed on the mortgage, the difference is known as “surplus funds.” Essentially,…

2022Mar
0

NEW YORK STATE IS HOLDING OVER $17 BILLION IN UNCLAIMED FUNDS

According to recent statistics, there is over $17 billion dollars in unclaimed funds that are being held by New York State. In the first three months of 2022 alone, the state has returned over $90,620,070. The amounts received by individuals varied, but over 59% of the claims were for over $100.  Odds are, someone you…

2018Apr
0

WHY REAL ESTATE INVESTORS SHOULD CONSIDER A TAX DEFERRED 1031 EXCHANGE NOW

For those thinking about selling investment property, the time may be right to take advantage of tax-deferred exchanges. Thanks to §1031 of the Internal Revenue Code, a properly structured transaction will allow an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gains taxes. Such a…

2017Jul
0

WHAT YOU NEED TO KNOW ABOUT NEGOTIATING COMMERCIAL LEASE RENEWAL CLAUSES

Renewal options in commercial leases are valuable to landlords and tenants. For tenants, they provide the opportunity to lock in the space, costs and other negotiated benefits for another lease term. Landlords benefit by having more certainty of keeping a tenant and avoiding the time and expense of finding someone else and making improvements to…