November 28, 2018Lynn Drake
CRE Definitions Series: Subleasee When a tenant leases space from another tenant whose lease term hasn’t expired (which is called a sublease) the new tenant is referred to as the sublessee.
November 26, 2018Lynn Drake
November 22, 2018Lynn Drake
I had the opportunity to interview Todd Fenton the Economic Development Manager at City of Royal Oak a week ago. While we were talking the Mayor, Mike Fournier stopped by too. When we think of exciting change in the Detroit area we often focus on Detroit. Royal Oak has so ...
November 20, 2018Lynn Drake
CRE Definitions Series: Sublessor A tenant who finds someone else to take over their lease agreement is called the Sublessor.
November 19, 2018Lynn Drake
CRE Definitions Series: Tenant Improvements A list of improvements made to a leased space such as building walls, replacing flooring, ceiling tiles, fixtures etc. The landlord or the tenant may do the work. Either party may agree to pay for the construction. All improvements should be identified in the lease and ...
November 16, 2018Lynn Drake
CRE Definitions Series: Zoning Every city in the USA has zoning codes. These codes outline how a space can be used. One simple example is when doctors often think they can lease space in any office building. However most medical buildings have additional parking requirements to accommodate their staff and clients. ...
November 8, 2018Lynn Drake