Understanding Condominium Law: Rights and Responsibilities of Unit Owners
Many property owners enjoy the convenience of condominium living, which can offer both increased amenities and reduced property maintenance compared to a single-family home. Yet, the laws surrounding these communities in Massachusetts are complex — the Commonwealth has no state-level regulatory oversight, often leading to intricate legal interpretation of lengthy documents that detail condominium association and unit owner rights and responsibilities. Understanding the nuances and trade-offs can help you prevent disputes and maintain good relationships.
Continue ReadingNavigating Real Estate Transactions in Massachusetts
Property purchases and sales are some of the most significant financial decisions you’ll make. Yet, real estate transactions in Massachusetts can be complex, and it takes more than a simple property buying or selling guide to navigate. Understanding the process and the vital role of an experienced real estate lawyer can help you make informed choices, protect your investment, and maintain your peace of mind.
Continue ReadingWhat Should Be Included in a Joint Venture Agreement?
Do you have a particular project or objective that you want your business to achieve but don’t believe you’ll be able to do it alone? Perhaps you’ve imagined working with another business towards accomplishing this goal in a mutually beneficial way. If so, forming a joint venture may be a suitable option for you. If you decide to create a joint venture with another business, you need to understand the contents of joint venture agreements and the various structures available.
Continue ReadingConsiderations for Shutting Down a Business
You may encounter emotional, financial, and legal hurdles when closing a business, which is challenging for most people. Understanding why companies shut down, the implications, and the processes can help you prepare adequately. Additionally, you do not have to do it alone. An experienced business dissolution attorney can support and guide you from beginning to end.
Continue ReadingThe Frustration Coronavirus is Causing for Businesses
Heavily-effected companies in the travel, hospitality, and restaurant sectors have seen huge losses of revenue. However, the construction industry has also seen a unique web of concerns, including delays and loss of business.
Continue ReadingCOVID-19 Impact on Existing Commercial Leases and Residential Tenants
Although the coronavirus situation is currently unfolding and many changes could be yet to come, there have been some government actions that affect businesses, landlords and residential tenants alike.
Continue ReadingNet Lease Vs Gross Lease: Which is Right For Me?
Whether you’re a tenant looking to lease a commercial space or a landlord looking to rent out a commercial property, it’s necessary to understand the ways to negotiate a property lease in Massachusetts.
Continue ReadingTop Real Estate Tips for Small Businesses
Small businesses need real estate, too. In fact, 85 percent of commercial real estate transactions handled by the National Association of Realtors are for properties under $2 million and involve businesses that the association considers “small businesses.” Whether leasing commercial space or buying commercial property, small business owners need office space, retail space, manufacturing facilities, storage space etc… to operate their business, sell their products or services and to interact with consumers. While some entrepreneurs can work from home, many small companies and startups eventually need to rent or buy commercial space to continue growing their business.
Continue Reading