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If you are new to commercial leasing, haven’t negotiated your lease in a while, or are in the middle of negotiations and don’t know how to read the agreement, we’re here to help. Here are 10 commercial real estate terms you need to know. “Step into the world of commercial leasing with confidence! Whether you're a novice, haven’t refreshed your leasing knowledge in a while, or you're in the middle of negotiations, we’ve got you covered. Don't get lost in complex jargon – here are 10 vital commercial real estate terms that will empower you. Get ready to revolutionize your leasing game!" https://vist.ly/3gaj8 #CommercialRealEstate #LeaseNegotiations #PropertyManagement #RealEstateInvestment #RealEstateTerms #CommercialLeasing #TenantLandlord #InvestmentProperty #RealEstateTips #BusinessLeasing #CREKnowledge #RealEstateAdvice #LeaseAgreements #BusinessRealEstate #CommercialProperties #RealEstateMarket #InvestmentStrategy #PropertyLeasing #RealEstateExpert

Considering leasing a space for your business? Check out our overview of the common commercial real estate lease types, then use the links within the blog post to dive a little deeper! https://lnkd.in/e8rcKPyE   #CommercialRealEstate #CRE #CommercialLeases #CREInsights

Common Commercial Real Estate Lease Clauses A commercial lease is one of the most important and ambitious agreements a company can make. The rent of a business is a huge factor in the delineation of profitability and failure, and a commercial lease often goes if 10 years or more. Because commercial leases are often not subject to mid-term termination - even if the business stops, it's an important financial commitment that could easily last longer than the business itself. Although, commercial leases may, in certain circumstances, be terminated in bankruptcy, like a standard bank loan for property investment. For this reason, a lessee should carefully review before signing his commercial lease - and ensure they read all the fine print and understand all the industry language. The most common and essential clauses you will find in a commercial property lease, and what they mean: Term - the length of the lease and specifies when the clauses are applicable. The termination clause may also indicate whether the lessee is still responsible for the lease if the business shuts down. Two people examine signature documents on the desk. Description of the places - the exact space that the lessee rents. The accommodation description clause can be very important as some tenant costs (discussed in more detail below) are based on the exact amount of space occupied by the lessee. Rent Escalation - a standard business lease will include a rent escalator clause that sets out when and how much your rent can increase. For example, it can indicate that your rent can increase when and if the homeowner's operating costs increase, it may establish a specific annual or semi-annual schedule for defined rent increases, or it may link rent increases to an inflationary index such as the CPI. (Consumer Price Index is a monthly measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.) Rent Incentives or Reimbursements - many homeowners will attract tenants to their properties by providing incentives like free or reduced rent, sometimes in exchange for home improvements. Tenants should take a close look at their rent incentive clause to understand what conditions they must abide by to claim their incentives and how many they are. Revenue-Based Rent - a very common clause in retail leases is income-based rent, also referred to as rollover or percentage rent. It's where a tenant's rent is a percentage of his gross sales. This section often gives the landlord the explicit right to examine the tenant's books to ensure that he pays the proper rent. Somebody in a flannel shirt is chatting at a meeting with a laptop.

Concessions made a return to the Charlotte apartment market in 2023 as property managers faced an increasingly competitive landscape. About 37% of multifamily properties were offering free rent or some other incentive to entice new renters as of December 2023. That was nearly double the 19% seen in December 2022 and the highest share since November 2020. While demand remained strong throughout the year, the delivery of new supply easily outpaced new leasing. With more than 31,000 additional units underway, competitive pressure on rents is likely to continue through 2024. Full article and more multifamily insights available to CoStar Group subscribers.

The question was, 'How to you lease more commercial property today and provide your landlord clients with top service?' Here is my answer. See if you can add to the list. https://lnkd.in/gY8tZHeA

How to Lease Commercial Property

Common Commercial Real Estate Lease Clauses A commercial lease is one of the most important and ambitious agreements a company can make. The rent of a business is a huge factor in the delineation of profitability and failure, and a commercial lease often goes if 10 years or more. Because commercial leases are often not subject to mid-term termination - even if the business stops, it's an important financial commitment that could easily last longer than the business itself. Although, commercial leases may, in certain circumstances, be terminated in bankruptcy, like a standard bank loan for property investment. For this reason, a lessee should carefully review before signing his commercial lease - and ensure they read all the fine print and understand all the industry language. The most common and essential clauses you will find in a commercial property lease, and what they mean: Term - the length of the lease and specifies when the clauses are applicable. The termination clause may also indicate whether the lessee is still responsible for the lease if the business shuts down. Two people examine signature documents on the desk. Description of the places - the exact space that the lessee rents. The accommodation description clause can be very important as some tenant costs (discussed in more detail below) are based on the exact amount of space occupied by the lessee. Rent Escalation - a standard business lease will include a rent escalator clause that sets out when and how much your rent can increase. For example, it can indicate that your rent can increase when and if the homeowner's operating costs increase, it may establish a specific annual or semi-annual schedule for defined rent increases, or it may link rent increases to an inflationary index such as the CPI. (Consumer Price Index is a monthly measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services.) Rent Incentives or Reimbursements - many homeowners will attract tenants to their properties by providing incentives like free or reduced rent, sometimes in exchange for home improvements. Tenants should take a close look at their rent incentive clause to understand what conditions they must abide by to claim their incentives and how many they are. Revenue-Based Rent - a very common clause in retail leases is income-based rent, also referred to as rollover or percentage rent. It's where a tenant's rent is a percentage of his gross sales. This section often gives the landlord the explicit right to examine the tenant's books to ensure that he pays the proper rent. Somebody in a flannel shirt is chatting at a meeting with a laptop.

When it comes to leasing a building, understanding the different types of credit options available is crucial. Commercial real estate financing plays a significant role in determining the feasibility and affordability of leasing a building. One common question that arises is, "Which type of credit is used to lease a building?" In #Commercialrealestatefinancing #Creditrequirementsforbuildinglease #whichtypeofcreditisusedtoleaseabuilding

Commercial leases can be confusing, especially if you’ve never leased a commercial property before. There are many different types of leases, making it extremely important to understand the main differences between them to make the most informed decision for your business. Opting for the correct commercial lease based on your goals and growth trajectory can make or break your business, particularly in the early stages. Our team of commercial property experts have put together this handy guide introducing the types of commercial leases commonly seen in the UK. Unsure of which type of commercial lease best suits your business? Read on to discover more! #OfficeSpace #CommercialLeases #UKBusiness https://lnkd.in/gP6H74zt