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Denver is experiencing tremendous growth, and commercial real estate is no exception. While it is full of unique opportunities, there are also risks and obligations to consider. Several unique issues make it distinctly different than residential property. A few key considerations for you to review in commonly used commercial real estate documents include:
• Terms of possession
• Acceleration clauses
• Renewal timelines
• Maintenance of leased premise obligations
• Triple net provisions
• Common area maintenance obligations
You should know what is expected of you, and you have the right to know what to expect from the other parties involved in the transaction as well.
– Joe Stengel, Evans Case, LLP