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.
“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
26
Nov2018
22
Nov2018
https://www.youtube.com/watch?v=HxSYyAUSrGk
20
Nov2018
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 ... Read More
19
Nov2018
CRE Definitions Series: SublessorA tenant who finds someone else to take over their lease agreement is called the Sublessor.
16
Nov2018
CRE Definitions Series: Tenant ImprovementsA 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 ... Read More
08
Nov2018
CRE Definitions Series: ZoningEvery 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. ... Read More
29
Oct2018
CRE Mistake Series:Staying past the lease expiration date Every written lease should have a start and end date. Sometimes a locations improvement isn’t completed in time, so the start date will shift. Usually a commencement letter is signed acknowledging the new start date. Most leases have a holdover fee clause. ... Read More
25
Oct2018
The starting point of all achievement is desire., - Napoleon Hills
23
Oct2018
CRE Mistakes Series: Built In FurntiureSometimes 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 suspect he thought this was going to be free as it was part of the ... Read More
19
Oct2018
CRE Definitions Series: Request for ProposalRequest for Proposal (RFP) is a written summary of terms for an agreement where one party would be willing to enter into the agreement with another party if the terms work for each party. The RFP is not binding by either party. I always use ... Read More