The time in which a landlord and tenant enter into an agreement to lease space. This timing should be identified in lease agreement signed by both parties. For instance, if I leased an office for one year starting February 1, 2018 the lease would expire on 1/31/19. The lease term ...
Tag: Commercial Real estate definitions
February 28, 2018Lynn Drake
Real estate agents who list commercial real estate for lease or sale. Often prospective tenants don’t realize that the landlord representative works exclusively for the landlord. Their job is to get the most favorable terms for the property’s owner.
February 5, 2018Lynn Drake
A Tenant Representative is a commercial real estate agent or agency that focuses solely on the needs of a tenant, rather than being tied to the landlord or building owner. Your tenant representative has only one party's interest in mind - yours. Since they work for you, they are charged to ...
February 1, 2018Lynn Drake
“Tenant” refers to a company or individual that leases space from an owner/landlord. Usually money is paid as rent however, sometimes the landlord will make a trade. For instance, a CPA might lease a single office from a manufacturing company in exchange for doing the landlord’s taxes. The space could ...
January 30, 2018Lynn Drake
Rent is defined as “consideration paid for the occupancy and use of real property.” This is a general term covering any consideration, not just money.
January 19, 2018Lynn Drake
Meet my dog Rocky. He loves people, but doesn’t’t like to be referred to as a sheep dog. Because he isn’t one. Rocky wants people to know he is a Aussie-doodle. What does that mean? His mother was a standard Poodle and his father was an Australian Shepard. He believes ...
January 11, 2018Lynn Drake