Are These Items In Your Leases
In this issue
Lease Provisions For Intellectual Property
Multi–Story Shopping Centers
Replacing Commercial Tenants
At all times, good or bad, we must aggressively search for replacement tenants. A month’s rent from a vacant unit can never be recovered. Just running expensive advertising for this space can be nonproductive. A better way might be to have a professional management company that keeps all local brokers who specialize in leasing informed of the advantages and amenities of the building. Here are some other ideas: ......(more)
The Advantage Of A Commercial Condominium
Statistics show business and professional firms are buying offices rather than leasing. While buying or constructing an entire building is an option for major corporations or for smaller firms outside metropolitan areas, owning commercial space generally means being part of a condominium structure. Small office buildings are the most common type of commercial condominiums. The strongest demand for this type of space is from lawyers, doctors, advertising firms and other professional and service companies, as well as small private corporations. From a financial point of view, the basic appeal of commercial condo space is that over the long run, owning can be considerably less expensive than leasing. While rents may be affordable in the current market, renewals over the years are likely to mean rent increases. In addition, well-located and well-maintained space can appreciate significantly over the period of ownership.......(more)
- What is the amount of usable space? Since the rent may be based on a square foot rate, the rate may be quoted on a rentable or a usable area. Rentable space means the actual office area, plus a proportionate share of facilities and corridors that service the floor on which the office is located. This concept is used in most buildings. Usable space is the actual space located within the walls of the office and excludes any part of the service facilities.......(more)
Are These Items In Your Lease
The following is a useful list of items that should be clarified between the parties in the lease of a commercial building:
The Best Investment Is Still Real Estate
Whether you are an experienced real estate investor or just starting out in investments this might be the time to buy a rental house and let a tenant pay for it. Other kinds of investments, like stocks, have no comparison to real estate. Most improved real estate can be purchased with a small down payment. The purchase of a $250,000 property might be made with just 10% ($25,000) down. If the property increased in value by just 10%, you would have an increase in your equity of 100%. Where else can you get that kind of profit with a 10% increase? .......(more)
