Tag: landlord

Adult Use of Marijuana Act: What it Means for Landlords

On November 8, 2016, the people of the State of California overwhelmingly passed Proposition 64 or legally known as “The Adult Use of Marijuana Act” (AUMA) with 57.1% in favor. While initially, the implications of this new law may not be known, it is very clear that this new law will have a significant impact on California’s residential landlord-tenant laws.… Read more →

Commercial Lease Types

  When it comes to commercial space, we find ourselves trying to understand the language of leasing and our responsibilities under our lease. Although it is not a daily ritual to review our lease, it is worth setting aside some time to understand the basic definitions of the agreement. The landlords and the brokers refer to leasing in three basic… Read more →

The 80/20 Rule Of Tenant Improvements

In looking for office space, an often overlooked aspect of lease rate is the allowance for tenant improvements. The more space built-out to accommodate the layout, the higher the start rate will be, and with annual increase based on a higher base rate, the effect is staggering, often a 15-20% higher lease commitment over the term. Avoid costly build-outs and… Read more →