What is an Engagement Letter?

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...

Single vs. Double vs. Triple Net Leases

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...

Essentials of Lease Agreement

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...

Difference Between a Lease and a Rental Agreement

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...

Load Factor Vs Loss Factor

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...

5 Easy Ways to Save Money on Your Commercial Lease

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...

8 Best Marketing Strategies for Medical Practices

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...

Best Real Estate Options for Your Healthcare Practice

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...

5 Best Tips to Help Grow Your Dental Practice

How you deal with your dental office influences the patient consistency rate. Possessing a dental practice is no simple errand. Even though you dominate at giving your patients prevalent oral medical services, it's not difficult to turn out to be so up to speed in the everyday activities that you disregard the other crucial component of a fruitful dental practice: a remarkable patient...

How to Select a New Business Location For Medical Space

Business people become so excited about dispatching their new undertaking that they neglect to spend vital time tracking down the best medical business space. Yet, as your organization's prosperity and area are intently tied, it is fundamental to observe the ideal spot to settle in.  On the off chance that you're in retail or accommodation, ponder the business area according to your client's...

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