Skip to Content

Author: Kyle Elliott

Is Your Renewal Option Enforceable?

April 23, 2024 Real Estate Blog

Renewal options in a lease provide a tenant with crucial flexibility by ensuring the tenant can remain in a desirable location. But what happens when the lease stipulates the rent during the renewal term will be at “fair market value” or “at the then-prevailing rate for comparable commercial office properties”…

Tenants and Property Managers Beware: You Could be Liable for Your Non-Resident Alien (“NRA”) or Foreign Corporation (“FC”) Landlord’s Tax Bill

November 4, 2022 Real Estate Blog

Although many real estate professionals are familiar with the withholding requirements under the Foreign Investment in Real Property Tax Act (FIRPTA) when a non-resident alien (“NRA”) or foreign corporation (“FC”) sells U.S. real property, a less-often discussed topic is the similar withholding required when a NRA or FC owns and…