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
Tag: lease clauses
25
Jan2016
Are you a new business looking to lease space? Most landlords require you to provide financial statements from your accountant before making decisions on whether or not they’ll lease to you, or how much of a security deposit will be required. If your business is brand new, try and find ... Read More
January 25, 2016Lynn Drake
15
Oct2014
People tend not to take renewals all that seriously. They see it as simple, thinking they can just call the landlord and get their new rate. That way of thinking can cost your firm a lot of money. If you’re looking into renewing your lease, make sure not to overlook ... Read More
October 15, 2014Lynn Drake
24
Sep2014
Your business is doing well, and you are happy with your current landlord. You may or may not notice that your lease is expiring in less than a year. You might think, since there’s been no word, that your landlord forgot. I guarantee you, this is not the case. Maybe ... Read More
September 24, 2014Lynn Drake
06
Aug2014
I hate cold calling, and yet, it’s how I make most of my money. Experts will tell you cold calling is a waste of time, but I strongly disagree. Interestingly, when we call someone to offer our services, the biggest pushback we get is, “I’ll do it myself.” Are YOU ... Read More
August 6, 2014Lynn Drake
01
Jul2014
As a brokerage firm, we have been disappointed with some of the attorneys reviewing our client’s leases. Why would this be? An attorney is an attorney, right? So you’d think. But you’d be wrong. Wrong, wrong, wrong. Assuming all attorneys are alike is no different than asking your gynecologist to ... Read More
July 1, 2014Lynn Drake
05
Feb2014
I’ve lived in Troy, Michigan for most of my life. If you ask me, it’s a great community with great amenities. Last year, Troy High School was listed as one of the top 20 best high schools in the United States. We have great shopping – people come from miles ... Read More
February 5, 2014Lynn Drake
24
Jan2014
Crain’s Business recently had an article about Oakland County Executive L. Brooks Patterson. I’m a huge fan of Patterson, but have to admit I was a bit perplexed when I saw his comments about Dan Gilbert. According to Patterson, Gilbert’s move to recruit suburban firms to move downtown seemed to ... Read More
January 24, 2014Lynn Drake
04
Dec2013
Last month there was a blog asking which areas were growing across the US. With all sincerity I responded that Detroit was a growth market. The person who posted the question asked me how many construction sites I saw in this area. I could tell he thought I was pulling ... Read More
December 4, 2013Lynn Drake
22
Nov2013
While many people might consider agents to be animals, the animals I’m referring to here are the 4-legged furry types. In 2012, I ran a column asking for the oddest lease clauses that people came up. The most amusing answer I received was about a location where the tenant wanted ... Read More
November 22, 2013Lynn Drake