Real Estate Leasing tips
Leases are written agreements between you and your landlord. In general, they'll cover the following areas:
o Lease term
o Monthly rent amount
o When the rent is due
o Security deposit amount
o Utilities/Services provided by the landlord
o What the tenant is responsible for
o Building rules and special clauses
If you are involved in leasing commercial real estate in any capacity whatsoever - whether experienced or a novice - you'll find the information and tools offered at this article to be a powerful resource.
It's important to carefully read and understand your lease. Leases are not just formalities and, once signed by both parties, are fully enforceable whether or not you have read it. Most landlords use standard leases, but you can and may negotiate changes to clauses that you find unreasonable.
Here you'll find tips, techniques and strategies for leasing commercial real estate as well as comprehensive information about every critical aspect of the actual process itself. Without question, this web site is the information source for learning how to understand, negotiate and administer a commercial lease.
Those who will benefit from the information include:
Real Estate Brokers
Landlords
Tenants
Lawyers
Lenders
Consultants
Property Managers
Asset Managers
Insurance Professionals
Anyone Involved in Commercial
It's a basic fact that almost every business enterprise will enter into a lease for some type of commercial space every three to five years. Available education on the subject of leasing has, up to now, been lacking and very hard to come by. You'll find this site to be one of the few places where you can easily collect the information you need and find the answers to your questions... on the entire process of leasing space, from start to finish.
It's important to carefully read and understand your lease. Leases are not just formalities and, once signed by both parties, are fully enforceable whether or not you have read it. Most landlords use standard leases, but you can and may negotiate changes to clauses that you find unreasonable. To do this, cross out or amend the clause and both parties must initial the corrections on both your and your landlord's copies.
Common practice is for a written lease to require 30-day notice. A tenant must give written notice of intent to terminate by mailing or hand delivering a copy to the landlord.
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