If you are considering leasing commercial real estate, you have probably come across listings which include NNN or triple net charges for the lease. A commercial lease typically includes the base lease rent for the property and may also include a NNN or other management or brokerage fees. A commercial lease with a NNN charge means that there are additional charges on the property that are typically passed on to the tenants in the form of a monthly fee or triple net charge. Continue reading
Category: Commercial Real Estate (page 4 of 7)
Buying commercial real estate is a little different than buying a residence that you might live in with your family. The laws that protect you when you are buying a family home, may not apply when you buy commercial property.
Updated: January 23, 2019
What is Commercial Real Estate?
Commercial real estate is an essential part of the real estate economy, it includes properties for Office Space, Industrial, Warehouse and Retail use. Yet some consumers may never realize what commercial real estate represents. Simply, commercial real estate is any type of real estate that is not residential real estate. Most people think of homes and condos when they think of the real estate market, but the commercial real estate market includes everything from office buildings to stadiums and even vacant land. Anything where people don’t live and sleep could be considered “commercial” depending on the use.
Below are some of the most common types of commercial spaces: Continue reading
The real estate market for legal cannabis has always been a complicated world. Conditional use permits are subject to municipal zoning laws which, for a long time, had had little or no direction from the state governments. Even now as more and more states are voting for the adoption of medical and recreational legalization, the federal government and the unknown stance of President Elect Trump’s cabinet has thrown another layer of confusion into this already confounding situation. Continue reading
You probably heard the news Thursday morning about Microsoft getting European clearance to acquire LinkedIn and the acquisition deal closing. Salesforce.com has been kicking and screaming to press regulators not to allow the Microsoft LinkedIn acquisition to go through.
What is CAM?
If you are in the market for Commercial Real Estate and you end up leasing some space in a multi-tenant business park, you will most likely see a monthly fee that is represented by the acronym CAM. This “CAM” stands for “Common Area Maintenance.” When you lease property in a multi-tenant business park, you do not lease the entire property. You lease a portion of the property with other tenants on the same property. In these instances, each tenant is responsible to maintain the interior of their respective units.
A net charge (NNN) is a type of charge that comes in conjunction with a net lease that requires the tenant to take on some of the expenses which would typically be paid by the owner. If you are a broker and are representing an owner, a net charge is the owner’s best friend. If you are representing a tenant it is something to be made sure to be regulated or avoided altogether.
Finding the right commercial real estate agent for your specific needs can be incredibly difficult. What qualities in a commercial real estate agent should you be looking for to find the BEST DAMN one for you?
First and foremost, you have to decide which side of the negotiations table you are on
There are 2 common transactions:
- SALE: The property owner vs. the buyer
- LEASE: The landlord vs. the tenant
A commercial real estate agent that represents property owners are involved in “Agency Leasing”. These agents are also known as “Listing Agents”. “Listing Agents” are specialists in a certain territory (regions) and product type (Industrial, Office, Retail and Land). They also work to maximize the benefits for their client – the property owner. Continue reading
Updated: January 23, 2019
Sample Letter of Intent (LOI) for commercial leases. The Letter of Intent is very important negotiation instrument that you will need when renting or buying commercial space. LOIs are used to negotiate Office Space Leases, Industrial leases, Retail Leases, etc.
If you’re looking for the purchase version of a letter of intent, please visit: Letter of Intent to purchase commercial real estate PDF
If you’re in the process of searching for commercial real estate or negotiating a commercial lease, you will need access to a letter of intent to start negotiating with Landlords and Sellers of commercial property. There are 2 main variations of Letter of Intent (LOI) documents. One is for leases and one is for purchases. In this post we will give you access to the Lease version of the Letter of Intent.
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MG also known as “Modified Gross” lease rent is a rent type often used in commercial real estate transactions. Commercial Real Estate has all sorts of terms and acronyms for rent and industry terms. It is very important to familiarize yourself with these terms if you’re a prospective tenant, a property owner, or even a Commercial Real Estate Agent or Broker. One term or acronym that many people are not familiar with is MG.