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City of Seattle Imposes New Short-Term Rental Limits

On December 11, 2017, the Seattle City Council voted 7-0 to enact new regulations for short-term rentals.  The new regulations will take effect on January 1, 2019, and will require all operators of short-term rentals (including those offered on sites such as Airbnb and HomeAway) to obtain licenses and will limit new operators to listing their primary residence and one … Continue reading »

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When a Retail Tenant Goes Dark – Part Two

This post follows up on a prior article addressing the myriad issues that can occur when a retail tenant abandons the premises before the expiration of the lease term: When A Retail Tenant Goes Dark – Part One. This is a growing concern for shopping mall owners and their property managers who are seeing brick and mortar tenants default at a higher … Continue reading »

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When A Retail Tenant Goes Dark – Part One

Despite strong consumer confidence and the lowest unemployment level in a decade, retail defaults this year are expected to surpass those in 2009 when the economy was in the throes of the Great Recession. Sorry, We’re Closed, The Economist, May 13, 2017.  This general trend means brick-and-mortar shopping center owners and their property managers are increasingly facing the variety of … Continue reading »

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Unique Challenges Faced When “Crafting” a Commercial Lease for a Brewery

As craft breweries often merge retail and industrial leasing concepts, they face a unique set of legal issues when negotiating a commercial lease agreement for their production facility and/or tasting room. License/Permit Contingencies and Permitted Use Provisions are Critical First of all, it is critical that the lease agreement contain contingencies for receipt by the brewery of the necessary licenses, … Continue reading »

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Lenders May Foreclose a Deed of Trust Without Accelerating the Underlying Debt

Debt Acceleration Generally Commercial and residential loan documents typically give the lender the option of accelerating the debt following an event of default.  In other words, if the borrower fails to pay, or if some other event of default occurs, and that default continues uncured for a specified amount of time, then the lender may declare the entire loan balance … Continue reading »

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