In commercial real estate transactions, landlords and tenants negotiate numerous lease issues, such as rent, term length, permitted uses, and the right to assign or sublet. In the early stages of lease negotiations, the tenant improvement allowance (“TIA”) often becomes a focal point that can ma...
Many commercial landlords require that a guarantor secure the obligations and liabilities of a tenant as a prerequisite for entering into a lease, particularly if there is an issue with the tenant’s creditworthiness. The guarantor may be an individual or another corporate entity which promises to ...
The recent South Carolina Court of Appeals decision of Howell v. Covalent Chemical, LLC (#5869 November 3, 2021) was an action under the South Carolina Payment of Wages Act, S.C. Code Ann. §§41-10-10 et. seq. In 2015 defendant Matthew Rowe formed Covalent LLC. The company was incorporated in T...
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