Commercial real estate vacancies are around 15% here in Nashville in 2024. This is slightly higher than the national average, but the area continues to grow. Whether you are an established business, a new retail shop or a chef transitioning from a food truck to a...
Commercial Real Estate
Unlocking real estate opportunities with special purpose entities
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jan 3, 2024 | Commercial Real Estate
In the dynamic landscape of Nashville's real estate market, investors often encounter complex financial structures designed to mitigate risks and optimize financing. One such instrument gaining traction is the special purpose entity. Understanding what an SPE is and...
Real estate: Do you need a lawyer if you already have an agent?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Sep 29, 2023 | Commercial Real Estate, Residential Real Estate
Purchasing real estate is always a big deal, whether you are a first-time home buyer or an experienced real estate developer. Many people rely on real estate agents to find them a property that best suits their needs and is within their price range. Once you decide to...
What are possible defenses to a commercial real estate eviction?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jun 13, 2023 | Commercial Real Estate
If you are a Tennessee commercial real estate landlord, you likely worry about the stress and cost of eviction if your tenants fail to pay rent on time, violate the terms of your lease or engage in illegal activity on the premises. However, thinking about their...
What should be included in a commercial lease?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | May 8, 2023 | Commercial Real Estate
Commercial landlords and tenants in Nashville typically have different priorities. Landlords are interested in making sure that they receive the agreed-upon rent on time and that their property remains in good condition. Tenants are focused on having a space that...
Easements under Tennessee law
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Mar 29, 2023 | Commercial Real Estate, Residential Real Estate
Property law is notoriously complex, and some of the most complex legal issues in real estate involve easements. Tennessee law defines an easement as a property interest that gives someone a right to use property owned by someone else for a specific purpose. For...
Common reasons for disputes during home purchases
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Mar 23, 2023 | Commercial Real Estate, Residential Real Estate
Real estate purchases are big transactions for both the buyers and sellers of the homes. There are many aspects of home purchases that people on both sides of the sale need to consider before agreeing to the terms. There are usually tours of the home, negotiations and...
Tax abatements for commercial property taxes
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Jan 16, 2023 | Commercial Real Estate
When speaking about commercial real estate, almost invariably, the topic of abatement comes up at some point. Essentially, a tax abatement refers to the reduction of your commercial real estate taxes or some exemption granted to the individual business owner or the...
Can the state take my commercial property?
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Dec 19, 2022 | Commercial Real Estate, Residential Real Estate
Tennessee is a staunch property rights state, and so it likely comes as a shock to our readers that the government can take our property for the public good through a process called eminent domain. The state need only provide us just compensation. Eminent domain The...
Understanding urban design overlays in Nashville
On Behalf of The Law Office of Timothy H. Nichols, PLLC | Dec 5, 2022 | Commercial Real Estate, Construction
Most developers and general contractors in Nashville are aware of the existence and effects of the city’s zoning ordinance. The city promulgates a map dividing the city into zoning district, and the zoning code is a city ordinance that prescribes the types of land use...
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