Leasing the right commercial property can make or break a business, because there are many variables at play, including a lease analysis. You don’t want to end up paying too much for leasing a building in an area of town that makes turning a profit more challenging, because these factors will hinder your bottom line.
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Signing a commercial lease is a milestone for any business, but the administrative work doesn’t stop there. The next step is commercial lease administration, which occurs during the post-occupancy phase of tenancy and ensures you can access as much relevant information as possible. The need for commercial lease administration comes from the fact that the
A Complete Guide to Commercial Lease Administration and Post-Occupancy Services Read More »
For anyone moving locations or going into business for the first time, selecting the right commercial property is incredibly important to success. As you negotiate with landlords, learning how to calculate commercial rent amounts is essential to ensure you’re receiving fair value for your money. No two commercial leases are alike because there are too
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Commercial leases are agreements between a landlord and tenant for a commercial property. They can be complicated because they contain many small clauses outlining the responsibilities of both the landlord and tenant. One such clause could be rent abatement, a valuable rental concession for lessees to secure when negotiating an agreement. Rent abatement isn’t something
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Most commercial real estate renters in the U.S. pay a security deposit when they sign a new lease. This is a fixed amount of money, often an extra month’s rent, that’s paid to the property manager or landlord to guarantee the tenant will pay rent and follow the lease. The deposit is supposed to be
A commercial lease letter of intent shows that you’re serious about leasing a property, but not necessarily on the landlord’s terms. The letter does not obligate your organization to accept the landlord’s terms, but instead acts as the basis for an agreement if the framework is acceptable to both parties. This guide will walk through
6 Key Things to Include in a Commercial Lease Letter of Intent Read More »
Leasing restaurant space in the nation’s Capital can be an expensive and time-consuming process if you don’t have a guide. Owners may find themselves struggling to find the ideal property to fit their needs, for example, or wondering which type of commercial real estate would be best to successfully run a restaurant. Negotiating restaurant leases
How to Effectively Lease Restaurant Space in Washington, D.C. Read More »
Running a business is generally costly and time-consuming, especially when you need to ensure that all the different facets of it are operating smoothly. Fortunately, knowing how to get the most from your commercial lease renewal can mean the difference between paying too much — which eats into your bottom line — and a profitable
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The importance of paying attention to your business’s finances cannot be understated. In many cases, a workable and realistic budget is the difference between a company that survives economic ups and downs and one that doesn’t. When you sit down to plan your business’s 2021 budget, do not forget to factor in any large-cost purchases
5 Warehouse Cost Factors to Consider When Renting One for Your Business Read More »
Empty commercial rental property is of no use to a landlord, but a rent concession bundle can help them attract great tenants. These offers — such as a month of free rent or shorter lease agreement — encourage would-be renters to choose to rent one piece of real estate over another. These concessions are important
What is a Rent Concession? Read More »