The article provides tips on how to lease the right office space. First, a good commercial real estate broker should be hired to do some preliminary tasks. Second, a business plan that corresponds the lease...
Reviewing the Lease Terms:When you find a space that seems like a good fit, you’ll need to carefully review the lease agreement. Here are some key terms and conditions you should look out for: Lease Duration:This is the length of time you’re committing to rent the office space. This ...
To find the total yearly cost to lease your office space, multiply the full-service rental rate (the sum of the base rent and all operating expenses) by the square footage of the space. Note, most office landlords quote rental rates on a square foot per year basis....
There are advantages to working with a broker. “Not only will [brokers] be able to identify available spaces based on your search criteria, but commercial lease structures are far more complex than residential home or apartment leases,” says Hargis. “[Leases] require a strong understanding o...
Reducing expenses is one of the quickest ways to improve cash flow. The lower your spending on labor, office space, production, supplies and other common expenses, the more cash you will have on hand. 5 ways to improve cash flow 1. Avoid being short of cash ...
Most REITs lease space and collect rents, thendistribute that incomeas dividends to shareholders. Mortgage REITs (also called mREITs) don’t own real estate; instead, they finance real estate. These REITs earn income from the interest on their investments, which include mortgages,mortgage-backed se...
business address. Most states require you to list a local street address. Your business address could be the address of your office or storefront (if you have one) or even your home. However, your business address will become part of the public record, so anyone will be able to find it...
The recent downturn in the economy has resulted in greater volatility in the financial status of many tenants, thus compelling landlords entering into office leases with these tenants to accept far greater risks than they are accustomed to. Due to the unconventional nature of the tenant improvements...
The quickest way to find out is through an online search. Enter your desired name into Google and check social media platforms. Then reference your local secretary of state’s office to ensure another company isn’t using the name. If you plan to conduct business in multiple countries, also...
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