This month's newsletter has just been released! Check out the latest tips for tenants and users of commercial real estate space. In this issue
- Things You Need To Know About Leases
A lease is an integral part of many real estate investments. It should outline all the obligations of the tenant and of the landlord. This sounds simple, but many questions arise. If, for example, property taxes increase, does the tenant pay all of the increase or only part of it? If the property must be modernized, who pays for the improvement? Can the tenant be moved out during the renovation? If the costs of servicing the property rise, should the tenant pay none, all, or part of the increased costs? How should inflation be handled—with automatic rental increases? With increases tied to some index, perhaps the Consumer Price Index?......
- Lenders Need Professional Property Management
Whether times are good or bad, lenders always have foreclosed properties in inventory. During recession the inventory may be high. One of the problems that banks and insurance companies have is disposing of this real estate owned (REO). They are faced with the decision of whether they wish to dispose of the property immediately or hold it for a period of time to hope for an increase in value. They would like to see the value of the REO increase to equal the loan amount......
- Combining A Tax-Free Exchange And A Leaseback
Here is a moneymaking transaction that can be used by many business owners who also own the real estate where that business is located. In any community there are dozens, even hundreds, of property owners who can utilize this formula......
- Checking Prospective Tenants For Commercial Centers
There are many vacancies in commercial properties. Owners must think about this first when checking a prospective tenant. Will the tenant’s business survive? When you have a prospective tenant for a commercial center, you must consider whether that prospect would be a good tenant. There are two key standards to apply: (1) the prospective tenant’s financial stability; and (2) the prospective tenant’s potential for success......
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