Currently, 38 states (including Pennsylvania and New Jersey) have legalized the use of marijuana for medical use and 19 states (including New Jersey) have legalized its use for recreational purposes. However, under...more
8/17/2022
/ Cannabis-Related Businesses (CRBs) ,
Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Contract Terms ,
Controlled Substances Act ,
Decriminalization of Marijuana ,
Dispensaries ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Recreational Use ,
State and Local Government
During the past couple of decades, landlords of commercial leases have routinely used a fixed percentage rate to calculate yearly increases in base rent (i.e., a two to three percent increase per lease year). However, the...more
Just last month, it was reported that the Montgomery Mall in Montgomery Township, Pennsylvania was foreclosed upon after it failed to make monthly payments on its loan. How does this foreclosure impact the mall’s tenants?...more
Even before the pandemic, many retail stores were grappling to stay afloat as the preference of consumers to purchase goods online increased. Covid-19 obviously accelerated this trend, causing numerous shopping malls and...more
6/28/2021
/ Commercial Leases ,
Commercial Property Owners ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Landlords ,
Mixed-Use Zoning ,
Real Estate Investments ,
Retailers ,
Shopping Centers ,
Shopping Malls ,
Venture Capital ,
Zoning Laws
Even before the invasion of Covid-19, food delivery was an evolving trend, made especially so by the easy use of cell phone apps such as DoorDash and UberEats. The pandemic, of course, accelerated this trend and along with...more
As a commercial leasing attorney, I have nervously and carefully been watching the leasing industry during this pandemic that we call the new normal. After a lull in leasing activity, I am happy to report that as of the...more
As the economy rallies to rebound from the COVID-19 pandemic, landlords continue to receive requests from tenants for rent relief. Landlords are accordingly forced to balance the need to meet their own financial obligations...more