In a commercial lease, the assignment provision often receives less attention than headline terms like rent or operating expenses, but it remains one of the most important provisions. Assignment and subletting govern whether, and under what circumstances, a tenant can…
Navigating a commercial lease can be challenging, particularly in times of economic uncertainty. Fluctuating interest rates, inflation, product demand, tariffs, consumer confidence and debt tolerance all continue to create a complex landscape. Now more than ever, commercial tenants must ensure…
Landlords, tenants, and their attorneys understand the importance of drafting robust commercial leases, yet they cannot foresee every eventuality. A recent unpublished opinion from the New Jersey Appellate Division underscores the potential consequences of overlooking contingencies. The Appellate Division partially…
If your commercial property becomes tied up in litigation, whether you’re the owner or tenant, you’ll want to know about the temporary rights and remedies available to you while the dispute gets resolved. What does “pendente lite” mean? The legal…