Gross Lease Definition
When the tenant pays rent as a lump sum amount and the landlord pays expenses from that sum.
Tag: office leasing
08
Aug2017
We talk a lot about the importance of an RFP (Request for Proposal), and written about the top mistakes that tenants make. One mistake we see frequently is that tenants don’t check the RFP against the final lease.A good agent will do this for you automatically.Many agents will affectionately tell ... Read More
August 8, 2017Lynn Drake
16
May2017
What is the difference between a Leasing Agent and a Tenant Representative?You will usually find the Leasing Agent’s name on the “for lease” sign in front of a building. The Leasing Agent represents the Landlord, and is sometimes called the Property Manager.
The Tenant Representative Agent may be harder to find, ... Read More
May 16, 2017Lynn Drake
03
May2017
See the Amazing Results Compass Managed for a Non-Profit!
The Challenge:
The Girl Scouts had a long-term lease at the Fisher building in Detroit, Michigan. Their rent was significantly over market and they had more square footage then they needed. They also faced many issues as a building tenant, including: Bankruptcy of ... Read More
May 3, 2017Lynn 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
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
25
Oct2013
You may recall we spoke about the importance of RFPs recently and we’ve also written about the top mistakes that tenants make. One such mistake we see often is that tenants don’t check the RFP against the final lease. A good agent will do this for you automatically. Many agents ... Read More
October 25, 2013Lynn Drake
07
Oct2013
If you’ve ever worked with a tenant representative broker, you may have wondered to yourself: why do we ask so many questions? We always use a Request for Proposal (RFP) when comparing spaces for our clients. Many landlords and their representatives would prefer to and choose to skip this part. ... Read More
October 7, 2013Lynn Drake