Phone: (810) 333-0394 | Warren, MI

Ryszard Wojtuniecki

Farmington Hills, MI

Ryszard Wojtuniecki

The effects of COVID-19 on Commercial Real Estate Income explained by Ryszard Wojtuniecki

by Ryszard Wojtuniecki

Commercial property values have started to decrease as a record amount of people are working from home and stopped coming into the office due to the pandemic. It only makes sense that commercial property values have started to decline. Banks are challenged as there has been a reduction in new property loans, plus they are an integral part of the new loan forgiveness for businesses. Other properties having trouble obtaining a steady income are hotels whose occupancy is 29% below pre-crises levels and restaurants, 100,000 have closed in the last six months. COVID-19 has affected our health and economy. This is our new normal and we must learn to adjust to move forward.

5 Most Common Red Flags Entrepreneurs Should Know Before Signing a Commercial Real Estate Lease!

by Ryszard Wojtuniecki

When meeting with a small business owner as a part of the SBS Commercial Lease Assistance Program, the first question an attorney usually asks is: Do you have a lease, and can I see it? That’s according to Gregg Bishop, Commissioner of the NYC Department of SBS. In his experience, landlord-tenant issues often arise after a lease has expired and the landlord continues to accept the rent without providing new lease terms. “The lease is the most important instrument in terms of protecting you for future potential issues that you’ll have with your landlord,” said Bishop. “It spells out how each party will respond.”

The SBS program recently introduced its free legal help for commercial leases, and so far, its attorneys have helped negotiate contracts — new or renewed — to procure fairer terms for about 400 enrollees.

Should You Take out a Loan for Commercial Real Estate? How to Decide. by Ryszard Wojtuniecki

by Ryszard Wojtuniecki

If you’re the owner of a successful brick-and-mortar business, you may one day face a “good problem”: Is it the right time for you to expand and/or renovate?

If indeed the time is right to expand or overhaul your current space, or even move to a new location, your business is likely thriving. That’s the good part. The problem is that buying or renovating commercial space can be an expensive endeavor.