SMALL BUSINESS TOOLBOX

What Are These “Title Fees” on the Closing Statement? Haven’t You Already Paid Enough? A buyer of real estate knows certain closing costs are unavoidable, including down [...]

“Do I really need title insurance?” is a common question from those trying to maximize return on a real estate investment. The short answer is you might not have a choice. If you have [...]

Any document where you “confess judgment” can seem scary. We would like to help you understand what this remedy is. Also called a “Cognovit,” Confession of Judgment is a [...]

Your commercial Lease will specify what happens when a party breaches the contract, often with a requirement that Tenant waive “Landlord’s duty to mitigate damages.” What does [...]

The word “escrow” surfaces in almost every real estate transaction. What, actually, is an escrow, and why is it important? “Escrow” in the context of a real estate [...]

Congrats on choosing Philadelphia for your business location! This guide will help to distill some of the basic operational issues as you set up shop here. This guide is no replacement for legal [...]

You have successfully negotiated your first commercial bank loan, and it’s the day before closing. The bank’s attorney is on the phone with you about final loan paperwork. “Oh [...]

Over the past several years, the City of Philadelphia, working with other stakeholders, has created many valuable online resources for commercial real estate professionals working in [...]