The understanding of lease liability is a crucial point in signing a lease. Lease liability is an obligation to make payments on your lease in a timely manner, along with keeping track of future lease payments. In order to calculate lease liability, you must determine the length of the lease term, the lease payment, and […]
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Anyone looking over a lease document for a commercial property is bound to come across charges that may be unfamiliar or confusing. Common-area maintenance charges are one category that will almost certainly come up, so it’s worth doing your research to understand them. Common-area maintenance charges (or CAMs) in commercial real estate agreements are a
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A commercial lease is needed when a business rents a property from a landlord because it provides a legal framework for both parties. This document includes all the rules the building owner and tenants will have to follow throughout the agreement, and it also outlines specific responsibilities. It will also include commercial lease insurance clauses,
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Commercial real estate agreements are often hundreds of pages long, which is why having a commercial lease abstract at your disposal is a good idea. These documents present critical information in a consumable form, eliminating much of the confusion from commercial real estate (CRE) contracts. Every lease abstract should present essential data from the real
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Aside from saving funds, knowing how to renegotiate a lease can help you gain additional benefits. Negotiating a commercial lease can be tricky. Improper negotiation styles lead to missed opportunities for the best possible real estate deals. You may also find your business struggling to pay rent, immersing in unnecessary expenses, or feel after a
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If you’ve negotiated a solid lease agreement, you might not think you need to conduct a commercial lease audit. In a perfect world, maybe you wouldn’t have to. The complex language of a commercial lease means it’s easy for landlords to pass charges along to you intentionally or unintentionally, however. These overcharges could break your
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A commercial lease is a significant jump for any business, and for landlords, it is a big payday. With commercial complexes, some costs are passed through to the tenants like repairs, cleaning, utility landscaping, management services, and operating expenses. The list can be endless, depending on your specific location in DC. The chance to get
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