How to Handle a Breach of Contract in Real Estate Transactions
What Are the Common Causes of a Breach of Contract in Real Estate Transactions? New York City’s real estate market moves fast, and even the most meticulously planned property deals can hit a snag. When an agreement falls apart, it often comes down to a breach of contract. Getting a handle on what commonly causes these […]
How to Draft Smarter Commercial Rent Escalation Clauses
Profit margins in New York City commercial real estate are tight. Energy costs rise. Taxes increase. Labor becomes more expensive. If your commercial leases rely on flat rent structures, you effectively lower your revenue every single year. A static rent check cannot cover dynamic operating costs. Many landlords and management firms believe they have protection […]