There are complicated issues and potential gaps in coverage when dealing with leases. Do you know that a lease may require the tenant to provide insurance for the landlord’s building, contents, betterments and improvements if necessary? Consider these examples where the lease requires the tenant to be responsible for the building items: (more…)
You’ve found the perfect rental space for your business: prime location, low utility costs and ample space, all for a rental price that’s right on the money. But have you considered what property insurance you need?
To protect their property and shield themselves from liability, lessors can stipulate the types of insurance tenants must purchase. The result is that businesses sometimes get saddled with expensive or hard-to-find coverage.
Before you put your name on the lease, make sure you carefully review the details with a legal representative and ask yourself these important questions. (more…)