https://www.youtube.com/watch?v=7_5PIQVKPDE
28
Nov2018
26
Nov2018
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.
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
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
09
Oct2018
"CRE Mistakes Series: Office Neighbors Once upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices in a high-rise building. To be hired one had to audition which could be very loud. The neighbors often complained so all interviews had to ... Read More
09
Oct2018
CRE Mistakes Series: Office NeighborsOnce upon a time I was the bookkeeper for a company that sold singing telegrams! We had beautiful offices in a high-rise building. To be hired one had to audition which could be very loud. The neighbors often complained so all interviews had to take ... Read More
05
Oct2018
CRE Definitions Series: Lease ExpirationMost leases have a start and ending date spelled out in a lease document. The last day of the lease should be clearly defined in the lease agreement or an addendum if occupancy didn't start on time. Tenant must be out of the space on the ... Read More