When looking for space keep your eyes wide open. Put your phone away while doing a walk-through. If the space is an office building and carpets are stained, don’t expect them to be different when you move in. If ceiling tiles are stained, either the landlord didn’t fix the roof, ... Read More
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
09
Feb2018
“Building Standards” refer to the finishes a landlord uses in the building. For example, the entry doors can be wood, 8’ or 10’ tall, glass, or wood with a side window of glass. When you walk through the building look up to the ceiling tiles and down at the type ... Read More
February 9, 2018Lynn Drake
07
Feb2018
In the market for a new office, or have some extra space available? Many people might look in the Yellow Pages, some will ask friends. Whatever system you use to find a realtor, make sure to screen them before hiring.Commercial realtors come in every shape, color, size, and age. You ... Read More
February 7, 2018Lynn Drake
05
Feb2018
Real estate agents who list commercial real estate for lease or sale. Often prospective tenants don’t realize that the landlord representative works exclusively for the landlord. Their job is to get the most favorable terms for the property’s owner.
February 5, 2018Lynn Drake
01
Feb2018
A Tenant Representative is a commercial real estate agent or agency that focuses solely on the needs of a tenant, rather than being tied to the landlord or building owner.
Your tenant representative has only one party's interest in mind - yours. Since they work for you, they are charged to ... Read More
February 1, 2018Lynn Drake
30
Jan2018
“Tenant” refers to a company or individual that leases space from an owner/landlord. Usually money is paid as rent however, sometimes the landlord will make a trade. For instance, a CPA might lease a single office from a manufacturing company in exchange for doing the landlord’s taxes. The space could ... Read More
January 30, 2018Lynn Drake
19
Jan2018
Rent is defined as “consideration paid for the occupancy and use of real property.” This is a general term covering any consideration, not just money.
January 19, 2018Lynn Drake
17
Jan2018
I often see mistakes businesses make when leasing commercial real estate. Throughout 2018 I’ll share with you some things that are easily correctable, and others that have costly consequences. I learned a valuable lesson a few years ago, when I had my furniture vendor make the furniture for our offices. ... Read More
January 17, 2018Lynn Drake
12
Jan2018
Do You Speak Lease available online through TrueNorthPublishing.US
January 12, 2018Lynn Drake
11
Jan2018
Meet my dog Rocky. He loves people, but doesn’t’t like to be referred to as a sheep dog. Because he isn’t one. Rocky wants people to know he is a Aussie-doodle. What does that mean? His mother was a standard Poodle and his father was an Australian Shepard. He believes ... Read More
January 11, 2018Lynn Drake