3 Top Considerations for Commercial Real Estate Purchases
The purchase of commercial real estate can provide a business with its own facilities or a space on which to construct an edifice custom-designed to its needs. Instead of paying rent on a property that may not be ideal, an organization can accrue equity in a property...
Commercial Leases: What is a Net?
When you are drafting or signing a commercial lease, it may have something called a “net.” It’s important to understand what this means because it’s going to define the obligations set out by the lease. In general, you could have a standard commercial lease, a...
Signs That Commercial Real Estate is in Poor Condition
When you need to relocate, expand or open a separate (or new) business, it is time to start shopping for commercial real estate. Most commercial properties look great at first glance but may contain hidden defects or structural problems. Whether buying or leasing, the...
Who Pays for the Maintenance on a Commercial Property?
If you rent a commercial property to run your business, you want to think about all of the different costs that go along with it. Simply paying the rent every month is just the beginning. One of the other major costs that you may face is maintenance for that property....
What is a Bailout Clause?
Whether you are a commercial landlord who is renting a property out to a tenant or a tenant who is renting or leasing property for their new business, you need to understand every single part of that lease agreement. It defines how this relationship will work and all...
2 Ways the Right Building Permit Protects Your Investment
You might think it is easy to start building your real estate, but local and federal governments ask that you have permits before you build. These permits do more than check a few boxes on forms for the government. They can also help protect your financial investment...
Is the Right of First Refusal an Option in Your Real Estate Deal?
When you’re in business for yourself, there’s a lot to protect. If you’ve managed to secure a good location that’s right for your needs and convenient for your customer base, it can really hurt to suddenly be uprooted because your landlord decides to sell. That’s why...
Understanding Key Clauses in Your Commercial Lease Agreement
If you’re leasing commercial space for your business for the first time – or even if you’re not a complete novice at this – you probably have far less experience with lease agreements than the property owner who’s presenting the contract to you does. These are...
You Should Carefully Review a Commercial Lease Before Signing It
Looking for the perfect place to lease can be a frustrating affair. Your needs may be particular, and landing the ideal spot can take time. However, when you find the premises that meet your specifications, do not rush into signing the lease agreement. Given that you...
Watch Out for These Red Flags When Closing on Commercial Property
Buying commercial real estate comes with a degree of financial risk, but do not let that stop you from making a purchase. Owning commercial real estate opens many doors that can provide you with a lucrative income. Commercial properties are in high demand across all...