Category: Landlords

14

Feb2017
Sometimes, Break-ups are Hard, but NecessarySometimes a business owner will move into a building and it just doesn’t work out. It could be that the landlord acts like Scrooge from ‘The Christmas Carol’, pinching pennies and trying to charge the tenants for expenses that aren’t allowed under the lease. ... Read More
February 14, 2017Lynn Drake

21

Nov2016
Now that the economy has improved we are seeing our clients interested in buying buildings again.  I recently heard about a woman who wanted to open a coffee shop so she went to the bank first to get a loan to buy the building. Just because a building is for sale on ... Read More
November 21, 2016Lynn Drake

12

Sep2016
What could happen if you negotiate your commercial lease yourself?You could spend weeks or months trying to research your options, taking your focus away from your primary business You could risk over paying your rent You could potentially make harmful commitments because you don’t understand the meaning behind the lease language You could ... Read More
September 12, 2016Lynn Drake

27

Jun2016
What is the difference between a Leasing Agent and Tenant Representative?*         You will usually find the leasing agents name on the for lease sign out in front of a building.  The tenant representative agent will be a bit harder to find because they won't have for lease signs as they ... Read More
June 27, 2016Lynn Drake

22

Nov2015

Timing is everything

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The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your computer to boot up; the seconds you wait for a text message…each of these intervals remind you of that inescapable truth: timing is everything.Did you know ... Read More
November 22, 2015Lynn Drake

17

Aug2015

The Relocation Clause

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Each year, I’m amazed at the new things I see happening with tenants. One of the largest buildings near us in Southfield, has taken the relocation clause to new heights. A tenant in the building worked diligently with their landlord to get their proposed office space just right. No sooner ... Read More
August 17, 2015Lynn Drake

07

Jan2015
It is interesting when one takes a group of people out on tour to see their reactions. Some people go simply on about how the space looks the minute they see it. Others are very analytical, and need lots of data. No matter what, your agent needs to run ... Read More
January 7, 2015Lynn Drake

03

Dec2014

The Tour

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I always enjoy showing our clients space. It is interesting to see space through their eyes. I may think something is great and they may not. One of the biggest differences between residential and commercial real estate is the tour. When you working in residential, all an agent needs ... Read More
December 3, 2014Lynn Drake

19

Nov2014
Janitorial is one of the items where we see a wide gap in what landlords provide. Some provide it and some don’t. Some will come in once a week and some will come in every day. I was working with a nonprofit and got them cleaning services with ... Read More
November 19, 2014Lynn Drake

05

Nov2014
Across the country, we see different rates for electricity charged by owners, based on their various climates. An electrical rate in Troy, Michigan is going to be far different than one charged in Phoenix, Arizona. The point of this post is to make people aware that even in the same ... Read More
November 5, 2014Lynn Drake