Category: Commercial Real Estate

What type of liability insurance does your lease require?

Toy house on a mound of pocket change

Previously we discussed whether your real estate lease includes the most current property insurance requirements. Now let’s talk about the type of liability insurance coverage your lease requires and, depending on the language in your lease, whether you actually have any coverage at all. CGL Policies. The most common risk allocation scenario is for retail Landlords…

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Understanding Your Lease Requirements for Property Insurance

Storefront for a bakery

  SO — WHEN WAS THE LAST TIME YOU REVIEWED THE PROPERTY INSURANCE SECTION IN YOUR LEASE? (Yes, you’re right, that sounds incredibly boring. But it may be necessary. Read on … )   In the world of commercial real estate leasing, landlord and tenants frequently rely on forms they have used in past transactions…

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The Surprisingly High Cost of Future HVAC Repair/Replacement

Three HVAC exterior units

If you have heating, ventilating, and air conditioning (“HVAC”) equipment that was manufactured and installed after 2009 in your property, you aren’t going to have to consider the consequences of refrigerants used in your system (or what is in this article). However, if your HVAC unit runs on refrigerants that are being phased out, the…

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