Business Transactions and Operations
Murtaugh LLP represents business owners and investors in commercial real estate transactions, including commercial leases, property acquisitions, and sales.
The firm works closely with clients to structure transactions that align with their operational and financial objectives.
Commercial leases are a central part of this practice. The firm advises landlords and tenants on lease terms, negotiation, and long-term considerations tied to the use of the property. Purchase and sale transactions involve detailed review and negotiation of agreements, with attention to title, financing, and closing requirements.
Real estate transactions are often connected to broader business strategies. The firm coordinates these matters to support the client’s overall operations and growth plans.
Services include:
The focus is on clear, well-structured transactions that support the client’s business objectives.
We frequently advise clients on matters related to this practice area. Below are answers to some of the most common questions we receive.
An SNDA is a three-part agreement between a tenant, a landlord, and the landlord's lender. The tenant agrees to subordinate its lease to the lender's mortgage; the lender agrees not to disturb the tenant's possession if it forecloses; and the tenant agrees to recognize the lender (or a new owner) as the landlord after foreclosure. Tenants signing long-term leases in financed properties should require an SNDA as a condition of signing.
Due diligence should cover title review (including recorded easements, CC&Rs, and encumbrances), a Phase I environmental assessment, zoning and entitlement verification, review of existing leases and estoppel certificates, physical inspection, and confirmation of the property's compliance with ADA and local building codes. For income-producing properties, a review of rent rolls, operating statements, and CAM reconciliations is also essential.
Whether you have a specific matter in mind or just want to explore your options, our attorneys are here to help. Reach out to learn how we can assist you.
