After you and your real estate broker have compiled a list of several properties that meet your basic needs, you will want to gather more information about the landlords and buildings you are considering for your office or retail shop location. You will, of course, want to physically tour the premises after having obtained [...]
Common Clauses in Commercial Leases
You may want to access the premises at times when the building is not normally open and should be able to do so 24 hours a day, seven days a week, whether during usual working hours or on holidays. This should not be a problem. Electricity, of course, and elevator service are to be [...]
Tenants With Financial Problems
Regardless of your planning, careful budgeting and attention to financial detail, you may find you have more month than money. Clients are slow to pay and new business is down to a trickle. You have cut back on expansion plans and on desired luxuries. You are making minimum payments on credit [...]
The “Standard” Form Lease
Most leases are long, complex documents with a great deal of information in small, fine print that is hard to read and time consuming. If you are a small commercial tenant , you will not want to automatically sign a Standard Form Lease without having it reviewed by a competent real estate attorney. [...]
Request for proposal (RFP)
You now have a list of three Qualified Properties which have passed your screening process for: location, services and amenities, acceptable physical tour of the premises, positive feedback from existing tenants and acceptable history of the landlord. And you have received a copy of the Standard Form Lease agreement from each of the [...]
How to Effectively Lease Dallas Warehouse Space
Deciding which Dallas warehouse space is best for you and your company may be quite a difficult process. Many times, it becomes pretty hard to decide how much space you need; too little space and you quickly outgrow your warehouse space; too much space and you end up paying for more than you need. With that [...]
Tenant Tips: Important Commercial Lease Terms to Consider
Many tenants of commercial properties are quite surprised to see such a detailed lease agreement, as commercial leases differ greatly from residential leases. It is therefore of the utmost importance that you thoroughly read and clearly understand the terms of your commercial lease. When examining your commercial lease agreement, pay close attention to the following areas [...]
