Commercial Real Estate Services
Are you Buying – Selling Or Leasing a Commercial Property?
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As a tenant of a larger commercial property, there are a number of items that you should consider before signing a commercial lease. In a commercial lease, every paragraph and clause can have a significant impact on your company. If you have never signed a commercial lease before, we urge you to have a knowledgeable advocate to explain the intricate details of a lease to you and negotiate on your behalf with the landlord and or landlord’s agent.
As a tenant of a larger commercial property, there are a number of items that you should consider before signing a commercial lease. In a commercial lease, every paragraph and clause can have a significant impact on your company. If you have never signed a commercial lease before, we urge you to have a knowledgeable advocate to explain the intricate details of a lease to you and negotiate on your behalf with the landlord and or landlord’s agent.
Commercial Real Estate 101
Here are a few terms you should be familiar with if Leasing a commercial Property:
- ◉ Gross Leases
- ◉ Triple Net Leases – AKA: NNN
- ◉ Modified Gross Leases
Lease Considerations:
- ◉ Term
- ◉ Rent
Other Important Terms:
- ◉ Use Clauses
- ◉ Assignment and sub-letting
- ◉ Non-Waiver Provisions
- ◉ Security Deposits
- ◉ Late Payments
- ◉ Repairs and Maintenance
- ◉ Insurance
- ◉ Alterations to Lease Property
Those are just the basics. There's much more that goes into the checklist when dealing with commercial real estate. A lot of people find them too much to handle. The the legwork, documentation, inspections and negotiations; all these lead to a toxic atmosphere without the right people in place.
Want to make commercial real estate buying - selling or leasing stress-free? Fill out the form below so we can help you.
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