You have nurtured your idea and are ready to strike out on your own as a small business. The next big step is finding your first space to buy or lease. What legal challenges may you face?

Larsson & Scheuritzel P.C. toolboxes are brief introductions to commercial real estate concepts. These are practical explanations for the busy business person, not law journal articles with footnotes, references to Section 17(a)(iii)(y) of a statute, or exceptions to exceptions. We hope you enjoy this series as we try to demystify commercial real estate law.

The specific scenarios you face may be different, and consulting an attorney is advised. Accordingly, this does not constitute legal advice or the creation of an attorney-client relationship. It is our hope that you benefit from this toolbox so you can grow your business.

What Is Confession of Judgment?

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 [...]

What Is Mitigation of Damages?

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 [...]

What Is Escrow?

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 [...]

What Are Resolutions?

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 [...]