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ARTICLE · 24 NOVEMBER 2020

Leasing Basics: Tips To Help Landlords Maximize Lease Revenue

With the COVID-19 pandemic throwing an obvious curveball into both the commercial and residential real estate markets, controlling what you can is important.

United StatesReal Estate and Construction

With the COVID-19 pandemic throwing an obvious curveball into both the commercial and residential real estate markets, controlling what you can is important. Many states and municipalities have enacted lease-eviction moratoriums that restrict lessors from filing eviction actions for nonpayment of rent, as well as assessing related fees and penalties. Until the real estate market stabilizes, now is the time to review your outstanding leases to make sure you are getting the most for your money.

Hiring specialists

Real estate contracts can be complex. Both tenants and landlords must seek professional advice as they negotiate lease contracts. For new leases, work with a real estate attorney or accountant with experience dealing in the kind of property you are leasing. Experts who lack specialized knowledge might be unaware of the lease language necessary to protect your property.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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