When you sign a lease, you hope that you'll stay put until the end of the term. However, you know that things can come up along the way.
It's no secret that New York City commercial real estate attracts investors from all over the world. Now, a number of real estate acquisitions by a Malaysian businessman and a film producer, both with ties to that country's prime minister, have been linked to a huge money laundering scheme, according to the U.S. Department of Justice.
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.
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.
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.
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.
Some people get along with their neighbors. Unfortunately, there are others who find it difficult to coexist.
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.
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?
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.