Considerations for Purchasing Commercial Property in New Jersey
Things buyers need to consider before buying commercial property in New Jersey.
Crafting Enforceable Indemnity Clauses for Commercial Leases
By Larry M. Centanni, Esq. When it comes to indemnification, or “hold harmless,” clauses in New Jersey commercial leases, there can be some real challenges. Oftentimes, parties to a commercial lease will make an effort to interpret an indemnification clause to their benefit should a legal issue arise. Properly constructing an indemnification clause ahead of […]
Purchase Commercial Property With A Phase 1 ESA
WHEN YOU PURCHASE COMMERCIAL PROPERTY, ALWAYS CONDUCT A PHASE 1. It’s extremely unwise to purchase a property without taking a Phase 1 Environmental Site Assessment (“ESA”). Most banks will require it, and even if you’re paying cash, it protects you from purchasing an environmentally compromised property without an appropriate price adjustment. There are many properties […]