Category: Commercial Real Estate

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 take ... Read More
October 9, 2018Lynn Drake

06

Oct2018
October 6, 2018Lynn Drake

05

Oct2018
CRE Definitions Series: Lease Expiration Most 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
October 5, 2018Lynn Drake

27

Sep2018

CRE Mistakes Series: Mistakes

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CRE Mistakes Series: Retailers not understanding their rent obligations At 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
September 27, 2018Lynn Drake

21

Sep2018

Definition: Renewal Option

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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: 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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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

07

Sep2018

CRE Mistake Series: Mistake

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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

Define: Load Factor

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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