“In some situations, you may stand to profit from a sublease if the market is tight and your rental rate is well below market. In this case, you may be able to secure a sublease rate above your own rental obligation,” wroteAquila Commercial. In some situations, you may stand to profi...
At AQUILA, we know how daunting it can be to start a search for office space in Austin, Texas. After helping hundreds of clients with their search, we’ve found that one of the first questions clients ask is, “What does office space cost in Austin?”...
4. Rights to Sublease/Assign Having the option to sublease or assign the lease offers flexibility as your business evolves. Pro Tip: Negotiate for the ability to sublease with landlord approval to protect against unexpected changes. 5. Renewal Options Discussing renewal terms when first negotiating ...
Another advantage of working with a local broker is that the broker may have access to new or sublease listings that do not appear on the MLS database. You or your team next will want to survey the market to identify available space that meets your criteria. Now it is time to start tou...
Partial rent abatement: In this arrangement, you agree to pay some rent for a certain period of time, with the intention of paying back the full amount in the future with some interest. Sublease: Ask the landlord if you can lease out space to a tertiary partner, under the agreement that...
Armanino LLP, an independent accounting and business consulting firm. If your lease is up soon, consider whether you really need the footprint you have, given the trend toward hybrid or remote work. Or, if it's a long-term lease, is there an option to sublease a portion of the space?
Ever thought what work goes behind a structured Operating Budget of a successful business? Budgeting is an important practice for small businesses since it allows them to estimate and allocate funds for various business tasks. How to Make an Operating Budget for Your Business...
Sublease vacancy remains elevated across many major markets, and there is a tendency for companies to gravitate to shorter-term and quality built-out spaces, particularly among tech startups. As the economy improves and we move further away from the pandemic, companies can revisit t...
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...
A sublease is the renting of property by a tenant to a third party for a portion of the tenant’s existing lease contract. more Other Real Estate Owned (OREO): What It Is and How It Works Other Real Estate Owned is a bank accounting term that refers to real estate owned by a bank ...