When hundreds of thousands of dollars are at stake, the phrase "going over it with a fine-toothed comb" takes on an entirely different meaning. It is absolutely necessary to ensure that every detail of a large commercial real estate contract is tended to. This is how landlords and tenants avoid costly litigation and legal disagreements -- they make sure their contracts are clear.
Key points to think about with a commercial lease
When negotiating a commercial lease, you want to make sure you like the terms of the lease before signing. No matter how good the space is, it's never wise to sign something that you disagree with, just because you feel like you have no choice. Below are a few things you want to consider during this process.
There is more than one type of commercial lease
Are you interested in leasing commercial space? If so, there will come a time when lease negotiations begin. This can be as simple or as difficult as you make it.
Commercial real estate deals can turn bad
If you are involved in commercial real estate, you hope that every deal goes off without hitch. You also realize that this may not be the case. You know that something could go wrong at some point in the future, putting you in a bad position.
Do you have questions about your neighbors and their trees?
Some people get along with their neighbors. Unfortunately, there are others who find it difficult to coexist.
Important points regarding a condo inspection
Buying a condo is similar in many ways to a single family home. It is also different in a number of ways, including the inspection process.
The many types of commercial property inspections
Are you in the market for commercial real estate? Are you interested in making a purchase, but are unsure if the building or land is worth what the seller is asking?
New business models impacting commercial real estate
The customer drives the market--that's true in all types of retail, and it's also true for commercial real estate. Experienced chief executive officers and other commercial real estate gurus are pointing to business consumer trends to help predict the future of real estate transactions. For many, the future seems rife with distribution centers, open-office concepts and multi-story warehouses.
There are 2 sides of every commercial lease
There are so many details of a commercial lease agreement that it can be difficult to stay on track. From the size of the building to the size of the business, it is important for all parties involved to understand what is going on at all times.
Learn how to get out of a commercial lease early
As a commercial tenant, there may come a time when you need to terminate a lease. You did not sign the lease with the idea that this would happen, but you never know what the future will bring.
