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
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“Exclusively Representing Tenants and Buyers of Commercial Real Estate”
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.https://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
17
May2018
Looking for commercial real estate? We have a solution! Order your copy of “Do You Speak Lease?” on Amazon.
May 17, 2018Lynn Drake
15
May2018
Interested in learning more about commercial real estate?
Whether you are looking to move soon or just investigating your options, it is im-portant 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
May 15, 2018Lynn Drake
11
May2018
Every city in the US has zoning codes. These codes outline how a space can be used. For example, 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 and traditional office buildings may not ... Read More
May 11, 2018Lynn Drake