Minding Business

How Long Should My Commercial Space Lease Term Be?

When signing a commercial lease, it’s important to consider the lease length.
Posted by Anna Jotham on October 03, 2019 in No Category
When you’re ready to lease commercial space, and you find exactly what you’ve wished for, you may want to hurry to sign on the dotted line. But not so fast! Before you get out the pen, you’ll want to carefully consider the length of the lease term. After all, signing a lease is a major commitment, so you want to make sure your interests are protected. Get locked into a lengthy lease term, and you could be stuck in a space that doesn’t grow to meet your business needs. Too short, and you may ... read more
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Guide to Raising Rents on Your Commercial Property

As a landlord, raising rents can be stressful; these tips will help
Posted by Anna Jotham on September 05, 2019 in No Category
As a landlord, knowing whether or when to raise rents for your tenants can be confounding. You want to remain competitive and retain good tenants. Chances are, you also would like to maximize ROI and perhaps reduce turnover (which, frankly, eats up a lot of valuable time). With so many seemingly opposing objectives, it can seem challenging to determine what steps to take when it’s time to renegotiate a tenant’s lease. It’s time to take a step back, and get the full picture of your property rental ... read more
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Commercial Real Estate Sale and Purchase Agreements: A Primer

Understanding provisions in CRE purchase agreement is essential for all parties.
Posted by Anna Jotham on August 07, 2019 in No Category
When it comes to contracts for commercial real estate, there is no one size fits all. In fact, everything is up for negotiation. And contracts can be any length and go into any level of detail, not to mention have any number of revisions, so it’s vital that both the seller and buyer of commercial real estate understand the terms and provisions included in that contract. Of course, the purpose of a CRE purchase and sale agreement is multi-fold. It details the property specs, defines stakeholder rights and resp... read more
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Tips for Subletting Commercial Property

As a commercial real estate tenant, you may be able to sublease
Posted by Anna Jotham on July 22, 2019 in No Category
When you lease commercial property for your business, you may be allowed to sublease a portion of your property to subtenants. It can be a nice option for businesses that are expecting to downsize or know they’ll have extra space. But before you sublet any portion of commercial property you are leasing to a third party, there are many things you should know. As a tenant, when you sublet to a third party, you become a sublandlord and the new tenant becomes a subtenant.   HERE ARE OUR TIPS FOR SUBLEASING C... read more
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4 Steps to Fill Vacancies in Your Building

Increase your odds of attracting quality tenants to your commercial building with these tips.
Posted by Anna Jotham on July 12, 2019 in No Category
When you own a commercial building, you know that empty space is wasted opportunity. And the longer that tenant space remains vacant, the more your losses accrue. Yet it’s a competitive commercial property landscape out there, and finding quality tenants can be tough. So what’s a commercial real estate owner to do? Here are four steps to filing vacancies in your building.   Follow these steps to fill CRE vacancies with quality tenants. Conduct market research Knowing what your building needs to at... read more
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