To make sure that your office space meets your needs and is necessary to your brand, tenant improvements are essential. When it comes to leasing space for your company and employees, it's critical to understand what a TI is and what types of upgrades you may expect. It's difficult to come across an office space that is both ready to move into and perfectly suited to your company's needs. As a result,...
Real estate leasing agreements come in two types: modified gross lease and triple net lease. When renting a commercial space, these two forms of leases are widely employed. They each have their method of dividing costs between the renter and the landlord. You should be aware of these two terms before signing an agreement. Everything you need to know about modified gross leases and triple net leases...
If you're a newcomer to the real estate industry, you'll frequently come across terminology like real estate contracts and engagement letters. What exactly do these terms imply, and how do they function? Let's start with a basic understanding of real estate contracts before moving on to the agreement letter. A real estate contract is a legally enforceable agreement between two or more parties...
Commercial net leases work differently than residential leases. In residential leases, landlords are liable for paying all the ownership expenses and maintenance costs. On the other hand, tenants are responsible for paying only a fixed amount of monthly rent, covering all the costs of using the property. Residential leases also provide that the renter must keep the premises tidy and in the same...
A lease agreement might be for a residential or commercial property. Before going over the elements of a lease agreement, it's important to understand the most commonly used words in the real estate industry. What exactly is a lease agreement? Lease Agreement A lease agreement is a contract between two parties, the lessor and the lessee, in which the lessor allows the lessee to use his property in...
A lease and a rental agreement are the most commonly used terms in the real estate sector. Both are very similar but have a huge difference. To understand those differences, let's first clarify what is a lease agreement and a rental agreement? LEASE AGREEMENT A lease agreement is a contract between a lessor and a lessee that covers the rental of property for an extended period, usually 12 months or...
Commercial real estate and real estate are growing industries in 2022. Commercial real estate is expected to grow further at a CAGR of approx. 13% During forecast of2022-2027. There was a downfall post-pandemic in the real estate industry due to work-from-home guidelines. But now, the industry is again booming. Commercial real estate refers to properties solely used for commercial purposes and as...
Searching for a commercial property can be a daunting task, often times asking yourself, where do I start, how do I know if I'm getting a good deal. Whether you are looking for a medical office suite, industrial building, retail space or an office suite, the process is generally the same. Below we are going to outline 5 easy ways to save money on your commercial lease. What are the...
Medical services patients have more choices than at any other time in recent memory. With so much data accessible on the web, these patients presently don't want to visit the nearest clinic, a clinical practice nearest to their area, or even medical services rehearsed with numerous areas locally. That is the reason to have arranged, planned medical services promoting a plan to arrive at new and...
A big driver in the US economy has always been the advancements within the medical field and the healthcare industry as a whole. This has helped fuel the demand within the medical office real estate sector, as medical professionals are always in search of new medical office property to establish their businesses. If you are looking for a commercial medical office property for your healthcare...