CRE Mistakes Series: Retailers not understanding their rent obligationsAt Compass we get a lot of calls from retailers who leased space without representation. Sadly, they didn’t read, much less understand, the lease they signed. They got their space, moved in, and started paying rent. Then they get the bill from ... Read More
Category: Commercial Real Estate
21
Sep2018
CRE Definition Series: Renewal OptionTenants 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: Renewal OptionTenants 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 Series: Security DepositA 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
07
Sep2018
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
22
Aug2018
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
09
May2018
Traffic mistakes can be critical. If you visit your future business home in the middle of the day and there is no traffic, that doesn’t mean the situation will be the same at 8:00 a.m. or 5:00 p.m.If you are a retailer, you want thousands of cars passing your building, ... Read More
May 9, 2018Lynn Drake
05
May2018
Gross Lease Definition
When the tenant pays rent as a lump sum amount and the landlord pays expenses from that sum.
May 5, 2018Lynn Drake
23
Mar2018
Wondering how much office space you really need?They say, “Time is Money” - but in commercial real estate, Space is Money, too. Our Space Calculator helps you understand how much space you really do (or don’t) need.https://www.compass-commercial.com/space-calculator/
March 23, 2018Lynn Drake
21
Mar2018
I can’t help but peek when I see new spaces being built out in the building that houses the Compass staff. Not long ago we watched in awe as one of the spaces was built out. A stunning kitchen area with a massive Island was built,along with a huge conference ... Read More
March 21, 2018Lynn Drake