Jennings, Strouss & Salmon Voted the "Best Real Estate Law Firm" in the Arizona Foothills Magazine (2014 and 2016)
Alan P. Christenson Featured in Restaurant Hospitality Magazine
Jennings, Strouss and Salmon attorney, Alan P. Christenson is featured in Restaurant Hospitality magazine, online. Read the full article: How to Keep Competitors From Invading Your Turf
Understanding Percentage Rent in Commercial Leases
By Bruce B. May and Alan P. Christenson Commercial leases for retail and restaurant tenants often require the tenant to pay percentage rent. Percentage rent is that sum a tenant will pay in addition to base (minimum) rent as a percentage of a portion of the tenant’s gross sales. A…
Small Business Real Estate Series, Part III: Personal Guarantees to Commercial Leases
By: David Brnilovich Part II of the Small Business Real Estate Series focused on commercial lease negotiations. As indicated in the blog, commercial leases are typically extensive, including dozens of pages of terms with numerous exhibits, addenda, rules and regulations. One of the most important, yet least understood, attachments to…
Understanding Radius Restrictions in Commercial Leases
By Bruce B. May and Alan P. Christenson Radius restrictions are common in commercial leases that include a percentage rent provision, under which a tenant pays a percentage of the revenue generated from its premises in addition to base rent. Since a landlord does not want the percentage rent generated…