“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

21

Sep2018
Definition: Renewal Option
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by Lynn Drake / / Commercial Real Estate
CRE Definition Series: Renewal Option Tenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

21

Sep2018
CRE Definition Series: Renwal Option
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by Lynn Drake / / Commercial Real Estate
CRE Definition Series: Renewal Option Tenants often want the right to extend their lease term after the initial lease term expires. The right to extend the lease option should be spelled out in the lease. If you don’t have this option it doesn’t mean the landlord won’t renew the lease, simply ... Read More
September 21, 2018Lynn Drake

17

Sep2018
CRE Definition: Security Deposit
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by Lynn Drake / / Commercial Real Estate
CRE Definition Series: Security Deposit A deposit made by a tenant or buyer of property. The landlord or seller will usually determine the amount based upon the tenant’s credit or the purchase price of a building.        
September 17, 2018Lynn Drake

12

Sep2018
CRE Math Series: Financial Summary for an Office Lease
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by Lynn Drake / / Commercial Real Estate Expense
CRE Math Series: Financial Summary for an Office Lease: This year we have been showing you how we calculate the various costs that go into preparing a financial summary. Curious what this looks like with all the costs together? Wonder no more as we have included a financial summary ... Read More
September 12, 2018Lynn Drake

10

Sep2018
Subscribe to CC Newsletter
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by Lynn Drake / / Entrepreneur
Interested in learning more about commercial real estate? Whether you are looking to move soon or just investigating your options, it is important to stay informed. Because we are a tenant-only representative your interests are our number one priority. If you want to stay informed about commercial real estate, sign up for ... Read More
September 10, 2018Lynn Drake

07

Sep2018
CRE Mistake Series: Mistake
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by Lynn Drake / / Commercial Real Estate
CRE Mistakes Series: Furniture Placement As agents, we don’t advise on furniture placement, but I can tell you when someone has made a mistake. A new neighbor in our office building has a single glass door entry with a very large side light. They have yet to move into the ... Read More
September 7, 2018Lynn Drake

27

Aug2018
Quote: Whenever you do a thing, act as if all the world were watching.
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by Lynn Drake / / Inspiration
Whenever you do a thing, act as if all the world were watching.                  
August 27, 2018Lynn Drake

23

Aug2018
CRE Math: Tenants prorata share
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by Lynn Drake / / Defining Real Estate Costs
Tenant’s Pro-rata Share of Electric - Building Square Footage: 10,000 s.f. Tenants Rentable Square Footage: 5,000 s.f. Monthly Electric Bill: 1,500 Tenants Share of Electric bill 5,000 / 10,000= .50% Monthly Electric Bill 1,500 x .50 = $750/month Annual Cost for Electric 750 x 12 months = 9,000/year  
August 23, 2018Lynn Drake

22

Aug2018
Define: Load Factor
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by Lynn Drake / / Commercial Real Estate
Net/Net/Net also shown as n/n/n - A lease requiring the tenant to pay, in addition to a fixed rental rate, the expense s for the property leased. These usually include the following: janitorial taxes, insurance and maintenance. Be careful with these types of leases or else the landlord will have the ... Read More
August 22, 2018Lynn Drake

14

Aug2018
Mantra:  I attract the best people into my life!
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by Lynn Drake / / Inspiration
August 14, 2018Lynn Drake