Choosing a medical and dental office space is a crucial step in ensuring that your clients will get the best space for their needs. There are many factors that need to be taken into consideration before choosing a medical or dental office space. Competition It’s important to look at your competitors to make sure that …
What to Know Before Choosing a Medical and Dental Office Space Read More »
Investors can’t just do whatever they wish with the land they own. You can’t buy a residential lot, for example, and construct an office building because the area isn’t zoned for that use. Zoning ordinances classify specific uses of a commercial property “by right,” “permitted with conditions,” or “prohibited.” “By right” is pretty straightforward, but …
What Every Investor Should Know About Getting a Conditional Use Permit Read More »
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. …
What You Should Know About Creating a Comparative Lease Analysis Read More »
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 …
How to Calculate Fair Value of Commercial Rent (Commercial Lease Calculator) Read More »
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 …
6 Tips about Rent Abatement Provisions in Commercial Leases Read More »
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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