Category Archives: Commercial Leasing

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The Importance Of Keeping Your Physical Office Location After The COVID-19 Pandemic

During these times of COVID-19 related business and office quarantining and closures, companies and their employees are learning new ways to be efficient and productive.  Remote working, while certainly a pre-COVID-19 option, has become the new normal.  Workers have become adept at completing tasks and projects away from the office, using platforms like remote-desktop for…READ MORE

Author: Michael A. Faerber, Michael A. Faerber 07/20/2020

Delays In Commercial Lease Negotiation Resulting From COVID-19: Address These Types Of Issues Up Front In Your Leases

Any of you that are in the process of negotiating a new lease, or considering negotiating a new lease in the near future, should expect some issues regarding delays.  Tenants are finding themselves tentative to pull the trigger on signing leases due to uncertainty of their business moving forward in the short term. Additionally, there…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber 04/21/2020

How Do I Give Notice Under My Contract?

COVID-19 closures, stay-at-home orders, and governmental restrictions are wreaking havoc on otherwise happy business relationships. Meeting monthly payment obligations is one major concern facing all parties as the calendar turns to April without an end to the pandemic crisis.  Businesses might also encounter difficulties reaching other deadlines or touchstones in a timely and complete manner….READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri 04/02/2020

Coronavirus And Quarantine Create Immediate Challenges For Commercial Landlords And Tenants

Coronavirus (Covid-19) is sure to quickly take its toll on commercial leasing for both Landlords and for Tenants.   Tenants may be asking questions like: How can I pay base monthly rent without any customers? Should I be obligated to pay triple-net expenses when services are suspended? What is the impact of government regulations on operations?…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri 03/20/2020

Acts Of God: Enforcing And Negotiating Force Majeure Clauses For An Emergency

In the last two years, businesses and professionals in Maryland and Washington, D.C., have had to quickly pivot to avoid the negative economic impacts of completely unexpected events outside of their control.  First, there were tariffs and trade restrictions, followed quickly by the Coronavirus global pandemic.  How can you give your contracts additional strength before…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri 03/18/2020

Occupancy Permit – Whose Responsibility?

Recently, we have had two instances in which clients signed leases and were obligated to obtain an Occupancy Permit.  In both cases, the prospective tenants were unable to obtain an Occupancy Permit because the use was not permitted. The landlord did not inform, or was unaware, that the use was not permitted in the zoning….READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber 05/23/2019

What To Consider If You Need To Sublease Or Assign Your Commercial Premises

If you rent space in an office building, strip retail center or some other commercial building, at some point in time, you may need to find someone else to share your space because you have too much space, or you may need help in making rent payments.  In some circumstances, you may realize that you…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber 05/06/2019

Why Negotiating Your New Commercial Lease Will Take Longer Than You Think

If you are opening a new business or looking for new space for your existing business, you need to understand how the leasing cycle works and give yourself enough time to allow all issues to be properly addressed. The process and timeline are different for every business, but even if you think you are making…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 02/28/2017

Negotiating Construction Requirements in Commercial Leases

When you negotiate a lease for new space – whether for a restaurant, retail store, office or medical use – work usually needs to be done to the space before it can be used. Often the lease will include construction requirements that need to be hashed out so that all parties understand the procedures for…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 01/13/2014

Beware of the “Harmless” Letter of Intent

When you sign a “non-binding” Letter of Intent or Term Sheet before negotiating a lease, you might logically believe that you will not be bound by it. Unfortunately, based on recent trends and case law, that is not true. Letters of Intent and Term Sheets (both referred to as “LOIs” here) serve the same purpose:…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro 12/06/2013

What Should You Consider When Negotiating a Restaurant Lease?

Owning and operating a restaurant business can be exciting, fast moving, exhausting and scary, all at the same time. You may have a certain vision of how you want your restaurant to look and run. However, before that vision can come to life, there are many issues during the lease negotiation to consider –details that…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber 10/31/2013

Should I Convert My Commercial Building into a Condominium?

Often, I am asked by my clients whether they should consider converting their commercial building into a condominium. If you are thinking about selling a commercial property that you own or plan to build in Maryland, then you may want consider this opportunity. It is very possible you could generate a more favorable return if…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber 09/24/2013

Medical Lease Negotiations: Ten Items to Consider

When medical professionals lease new space there are complicated issues that can cause long-term problems if they are not addressed correctly. When we work with physicians or other healthcare-related businesses on leases, here are some of the things we look for: 1. Build-Out/Construction Issues Medical offices often need numerous rooms for different purposes and layouts…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 05/15/2013

10 Things to Check Before Signing a Commercial Lease

A commercial lease is one of the largest financial and legal commitments a business makes. So before signing a lease, you should ask your attorney to review it to understand what costs, responsibilities and liabilities the landlord is passing on to you as the tenant. You should also determine which, if any, terms you can…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 03/29/2013

Future Renewals of Commercial Leases: A Long-Term Relationship or Just Dating?

Negotiating a new commercial lease is tricky in many ways. The Landlord and Tenant are both focused on establishing their relationship and the business terms for the lease deal. However, both parties should give thought at the outset about whether or not they should consider opportunities to continue their relationship beyond the initial term of…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 01/28/2013

Business-Owner Beware: Adverse Provisions in Commercial Leases

A lease for the office building in which your business operates is essential. Unfortunately, these documents also tend to be very long and complex. The average commercial lease is 30 pages long, and filled with fine print which the typical business owner is not equipped to understand, much less negotiate. Unlike a landlord who drafts…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin 09/05/2012

Beware of the Form Contract (Part One): Business-to-Business Terms and Conditions

In an effort to promote commercial success, most businesses rely upon contracts, generally written by attorneys, which contain the business’ “standard terms.” Proprietors are often told that these contracts are not negotiable, and they frequently sign such agreements regardless of the incredibly burdensome provisions. However, most of these provisions can be mitigated, if not completely…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin 05/31/2012

Insurance for Commercial Leases – Risk Allocation Between The Parties

When reviewing and negotiating commercial leases there should be a discussion between the landlord and the tenant to address who should obtain the different types of applicable insurance coverages, the amount of coverage and which party will be responsible for paying the premiums. The answers to these issues differ depending upon the type of lease…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber 07/18/2011

Maryland Court Changes the Way Amendments to Condominium Public Offering Statements Affect Purchaser

A 2010 Maryland Court of Special Appeals decision has changed how those who build and sell new residential condominium units in the State need to treat amendments to documents that are filed with the State of Maryland as part of their approved Public Offering Statements (“POS”). The Maryland Court of Special Appeals in Kristin Herlson v….READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber, Michael A. Faerber 04/07/2011

For Landlords: The Importance of Seeking Legal Advice When Your Tenant Files for Bankruptcy

A landlord must be prepared to protect its rights as soon as it receives notice that its tenant is in bankruptcy. The Bankruptcy Code provides tenants in bankruptcy with the right to either reject or assume leases. This is a powerful right that can have a significant affect on a landlord that is not keeping…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber, Michael A. Faerber, admin 09/24/2010

2010 Maryland Laws Applicable to Homeowners and Condominium Associations

For those interested in Homeowners Associations and Condominium projects, the Maryland General Assembly passed several new laws in 2010 that will affect the drafting of new governing documents for these types of projects to include how administration, management and maintenance requirements are addressed by the developer while in control of the project and, thereafter, by…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber, Michael A. Faerber, admin, Michael A. Faerber 06/16/2010

Commercial Lease Workouts – Issues to Consider During Initial Lease Negotiations and During the Leas

Given the effect of the economy, many companies find themselves struggling to make rent payments. Companies may want to consider discussing rent abatement, rent deferrals and/or other concessions with their Landlords. The types of relief that may be available to a Tenant will differ depending upon a number of circumstances and each Landlord may react…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber, Michael A. Faerber, admin, Michael A. Faerber, Michael A. Faerber 11/03/2009

Making the Commercial Lease Deal Work in this Economic Environment

With the economic downturn affecting almost every aspect of business in the country, both Landlords and prospective Tenants need to be creative in structuring lease transactions that will work for both parties. Landlord’s need to be aware of getting proper security from a Tenant in the event the Tenant cannot remain economically successful in this…READ MORE

Author: Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Peter E. Ciferri, Michael A. Faerber, Peter E. Ciferri, Peter E. Ciferri, Peter E. Ciferri, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, A. Howard Metro, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber, admin, admin, Michael A. Faerber, Michael A. Faerber, admin, Michael A. Faerber, Michael A. Faerber, Michael A. Faerber 11/21/2008