“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

26

Jun2018
Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted a built-in reception desk, walls, and then desks behind the walls. I suspected he thought this was going to be free, as it was part of the build out. The client was ... Read More
June 26, 2018Lynn Drake

18

Jun2018
How do you hire a commercial real estate agent? Thank you for your requesting your copy of "How to Hire a Commercial Real Estate Agent." Click on the link to access the article. If we can help you in any way, feel free to contact us by email at real.estate.services@compass-commercial.com or by phone at ... Read More
June 18, 2018Lynn Drake

15

Jun2018
Tenants Share of Taxes: If you have a net/net/net lease, then your firm is responsible for the rent plus a share of the operating expenses, taxes, and insurance. Tax Expense:  $1.85/sq ft Lease Area:  10,000 sq ft Calculation 10,000 sq ft x 1.85 = 18,500/year 18,500/year/12 months = $1,541.67/month  
June 15, 2018Lynn Drake

12

Jun2018
The Challenge: The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not have enough parking for their vistors  The State had outsourced their real estate acquisitions to 5 commercial real estate companies operating in Oakland County, ... Read More
June 12, 2018Lynn Drake

06

Jun2018
Wondering how much office space your business really needs?We can help! Follow the link below to our website, which will provide you with the tools you needed to determine the right size space for your new or existing office. http://www.compass-commercial.com/space-calculator/          
June 6, 2018Lynn Drake

04

Jun2018
Lease Expiration Date:Most leases have a start and an end date spelled out in a lease document. The last day of the lease should be clearly defined in the signed lease agreement. The tenant must be out of the space on the last day of the lease, or they may ... Read More
June 4, 2018Lynn Drake

31

May2018
Letter of Intent:A letter of intent spells out the terms of an agreement to lease or buy commercial real estate. I usually use one when making an offer to purchase a property. It defines the location, price, and specific terms of an agreement subject to a contract being prepared and ... Read More
May 31, 2018Lynn Drake

25

May2018
Sometimes a business will win an account, and in order to fulfill their contract they need to open three new offices in 30 days. So, someone flies out to the new state and starts driving around trying to find a space. When they call to inquire about space and say ... Read More
May 25, 2018Lynn Drake

23

May2018
Executive Suite Definition: Many people don’t realize there are many alternatives to leasing an entire suite. For instance, you can often leas an executive suite; these are available in most major cities. You can lease one small office, mail service, answering service, or a large conference room by the hour. Start small ... Read More
May 23, 2018Lynn Drake

21

May2018
Ever greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice to the landlord. However, some leases automatically renew if the tenant doesn’t notify the landlord. We often see these types of clauses when a landlord is leasing ... Read More
May 21, 2018Lynn Drake