An unfortunate number of Minneapolis homeowners lose their properties to foreclosure each year. Foreclosure is a legal process through which a property is taken away from the mortgage payer and returned to the issuer of the mortgage. Foreclosures generally occur when...
Commercial Real Estate
Commercial Real Estate
Preparing a commercial lease can be a complex process
When Minneapolis residents begin to make plans for a new business, they may have a vision for how they want the retail, manufacturing or industrial space to look. They may have an idea of where they want the business situated and they may even know what technical...
New football stadium is a big commercial project in Minnesota
The Minnesota Vikings are a popular professional football team that has its home stadium in the Twin Cities. However, the team and community have come together to build the Vikings a new facility in which to play their NFL contests. The project, which was originally...
Foreclosure can happen to commercial properties
Financial crises in the last decade have forced many Minnesota residents to surrender their homes to the ir banks in a foreclosure. It is a painful process, and in some cases, families subject to foreclosure are forced to leave the residences where they had built...
Do capital gains taxes apply to real estate investments?
When a Minneapolis resident has a steady job the person likely receives a paycheck for the work the person performs from the person's employer. That income is taxed by the state and federal governments and the employee is able to keep the portion of the earnings that...
Is a landlord allowed to raise rent on a commercial property?
A Minneapolis business owner may choose to rent or buy a commercial property out of which to operate the person's enterprise. If the person buys the space that the business will occupy then the person will have a fair amount of autonomy regarding what to do with the...
Be confident in your commercial real estate lease
Like a residential real estate lease, a commercial real estate lease sets out the terms and conditions of use that a property owner imposes on the party to whom she leases space. In Minneapolis, laws related to zoning control some aspects of commercial lease...
Taxes could change for commercial properties in Minnesota
Whether the economy is booming or slipping toward recession, many Minnesota residents understand the importance of saving money where they can. While some of their costs are variable and can change or be eliminated from month to month, others are constant and become...
Gains and losses can apply to the sale of commercial real estate
Business people all throughout Minneapolis know that wins and losses are all part of being in the corporate world. Sometimes investments and business strategies pay off well and in other cases a decision may lead to lost revenues for an organization. One area of...
Can foreclosure happen to commercial real estate?
It is often the case that when a Minneapolis business or resident seeks to buy real estate it has to do so with some level of financing. Financing can come in the form of a mortgage or other lending device that extends credit to the buyer and for which that buyer...