Occupants of commercial real estate, also referred to as users or occupiers, fall into two categories: tenants or owners.
Since both are tenants, I’ll draw a finer distinction, noting that one genre pays rent to an unrelated third party, the landlord, while the other pays rent to a related owner of the building.
The most common in the second type is a real estate ownership structured as a limited liability company and the occupier a corporation.
Today, I want to focus upon...