Gross Lease Definition When the tenant pays rent as a lump sum amount and the landlord pays expenses from that sum.
Tag: office leasing
May 5, 2018Lynn Drake
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 ...
August 8, 2017Lynn Drake
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, ...
May 16, 2017Lynn Drake
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 ...
May 3, 2017Lynn Drake
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 ...
June 27, 2016Lynn Drake
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 ...
November 22, 2013Lynn Drake
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 ...
October 25, 2013Lynn Drake
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. ...
October 7, 2013Lynn Drake