Commercial Leasing in Crisis

As business owners and landlords consider next steps during this crisis, one of the first actions they take should be reviewing key aspects of their commercial leases. Within some commercial leases are provisions which create exceptions to performance under the lease, including the demand for continuous operation or rental payments under force majeure or government
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The Results are in: How to Restore Economic Vitality in Santa Barbara

In January, 2019 the City of Santa Barbara hired economic development and real estate advisory firm Kosmot Companies to provide recommendations on how to improve economic vitality downtown. Here are their recommendations from the $84,000 revitalization plan: Regulatory Tools and Policies – Fundamentally review/revamp zoning and permitting process to be more flexible to accommodate market
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Commericial Lease Break Down

There are three basic types of commercial real estate leases, organized around two rent calculation methods: “net” and “gross”. In a Gross Lease, the tenant typically pays one lump sum from which the landlord will then pay their building’s operating & maintenance expenses. A Net Lease has a base rent plus additional expenses that are
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