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...
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...
Deciding to lease office space for your business is a big step and one that can be nerve-wracking for many business owners. Much like negotiating a lease for your home, there are some things to keep in mind when negotiating an office lease. Read on to find out how to negotiate the best...
In June 2005, Palisades Hudson signed a five-year lease to occupy 1,494 square feet of commercial office space in downtown Fort Lauderdale, Fla. The space acquisition process took 10 months. However, we were able to obtain the right location and amount of space to meet our needs in South...
Less Flexibility:Commercial office spaces usually come with many restrictions. There might be limitations on customizing the space, and the lease terms can be less flexible compared to private offices. Moving or downsizing might be difficult and expensive if it involves breaking a lease agreement. ...
Parking for commercial office space is based on a ratio of the number of spots per 1,000 square feet. For example, A tenant may lease a 10,000-square-foot space and receive a parking allowance of 4:1000. In this case, the tenant would be allowed to lease 40 parking spots for employe...
Avoid a personal guarantee as part of your proposal to lease commercial space. Most new business cannot find rental space unless the tenant agrees to continue to personally pay the rent if the business fails and you must move. Using your business name as the only one on the lease is an ad...
Although they are used primarily in commercial space, ground leases differ greatly from other types of commercial leases, like those found in shopping complexes and office buildings. These other leases typically don't assign the lessee to take on responsibility for the unit. Instead, these tenants...
as well as initial inventory acquisition. If you have a physical location, you will have to factor in variable expenses like rent and utility costs, which can fluctuate greatly depending upon your municipality. Generally, it costs more to lease space in well-trafficked areas, but in return you...
A leasehold is usually for a fixed period and will detail obligations of the leaseholder for repairs and maintenance.TO RENT OFFICE SPACEIt is not always a simple matter of a tenant taking a lease direct from the owner.If a prospective tenant is taking a lease on a building you might be ...