Differences Between Commercial and Residential

There are many laws governing commercial and residential property leases but those that pertain to commercial leases are much less stringent in requirements of landlords than those for residential properties. Since the parties involved in commercial agreements are considered by law to be competent business people, landlords are allowed more freedom in the transactions –…

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Selecting The Most Qualified Property

After you and your real estate broker have compiled a list of several properties that meet your basic needs, you will want to gather more information about the landlords and buildings you are considering for your office or retail shop location. You will, of course, want to physically tour the premises after having obtained background…

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Tenants With Financial Problems

Regardless of your planning, careful budgeting and attention to financial detail, you may find you have more month than money. Clients are slow to pay and new business is down to a trickle. You have cut back on expansion plans and on desired luxuries. You are making minimum payments on credit cards and other bills…

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The "Standard" Form Lease

Most leases are long, complex documents with a great deal of information in small, fine print that is hard to read and time consuming. If you are a small commercial tenant , you will not want to automatically sign a Standard Form Lease without having it reviewed by a competent real estate attorney. Before signing…

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Request for proposal (RFP)

You now have a list of three Qualified Properties which have passed your screening process for: location, services and amenities, acceptable physical tour of the premises, positive feedback from existing tenants and acceptable history of the landlord. And you have received a copy of the Standard Form Lease agreement from each of the three landlords….

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Tenant Tips: Important Commercial Lease Terms to Consider

Many tenants of commercial properties are quite surprised to see such a detailed lease agreement, as commercial leases differ greatly from residential leases. It is therefore of the utmost importance that you thoroughly read and clearly understand the terms of your commercial lease. When examining your commercial lease agreement, pay close attention to the following…

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