CRE Mistakes Series: Mistakes

CRE Mistakes Series: Mistakes

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 the landlord for the net charges. In addition to rent they are supposed to pay for taxes, insurance and common area maintenance.

Unfortunately, they were not aware of these additonal expenses, and sometimes end up being evicted. See our series on “The Math of Commercial Real Estate” to help you avoid this situation.





/ Commercial Real Estate

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.