Have you ever wondered how to find the right space for your business or how to even get started looking for one? Don’t worry – you’re not alone! Whether our clients are starting a new business from scratch or have been in business for years, we often hear the same concerns. We created the Tenant’s… Continue reading Tenant’s Guide to Commercial Leasing
You may have previously made the decision to buy a property for your business rather than lease. Over time, though, your business needs can change. If you find yourself needing cash but don’t want to move your business, a sale-leaseback transaction might be the right solution for you. What is a Sale-Leaseback? You already own… Continue reading Is a Sale-Leaseback Transaction Right for Your Business?
Oftentimes, the space you select for your business needs some work to make it exactly the way you want. There are generally three ways that these tenant improvements can be handled: Turnkey Buildout. With a turnkey buildout, the landlord will complete all modifications to the space to meet the tenant’s requirements. Improvement Allowance. In this… Continue reading Three Approaches to Tenant Improvements
As your business grows, one of the most exciting (and nerve-wracking) situations is when you start to think about buying commercial real estate for your business. So how do you know whether it’s best to buy or lease? In addition to considering where your business is in terms of age, growth stage, and cash needs,… Continue reading To Buy or Not to Buy?
Time management is as much an issue in commercial real estate transactions as it is for any other part of business. If you don’t move fast enough, you may miss the boat. Conversely, if you don’t leave enough time, you may not be able to get the right fit. Here are a few tips to… Continue reading Is Time Your Friend or Foe?
Administering a lease can be very stressful to a new tenant. Fortunately, we can share some key items that should be standard practice and that will keep your new commercial lease running smoothly. Renewal Reminders Renewal reminders are great for both the tenant and landlord because they remind both parties they’ll need to make a… Continue reading The Lease Is Signed… Now What?
Leasing a commercial property isn’t as easy as finding a property that fits your square footage needs. Even though that may be step one, you still have to negotiate your lease. Leasing due diligence is when the prospective tenant evaluates and analyzes the commercial property to ensure the value is worth the cost. This also… Continue reading Before Signing Your Lease, Do Your Due Diligence
Aside from the base rent, common area maintenance (CAM) charges are some of the largest additional leasing costs that tenants may see. Here, we give an overview of what CAM charges are and ways to manage them. What are Common Area Maintenance (CAM) Charges? In a triple net (NNN) lease, tenants are billed CAM charges… Continue reading Common Area Maintenance (CAM) Charges
You’ve found your dream space for your business, and you’re ready to sign on the dotted line. But before you do that, take a second to make sure you know what you’re getting into. There’s several types of leases, all with varying degrees of risk for the tenant. Here’s the basics of each option to… Continue reading Commercial Property Lease Types
Renting commercial space can be a huge liability. Whether your business is large or small, the terms of your lease can hinder your success. As exciting as it can be to grow your business and search for commercial space, it’s important to take your time and understand each step of the process before you move… Continue reading A Quick Guide to Beginning Your Property Search