Understanding lease costs, whether a snapshot or a deep dive, is something that many tenants (and landlords!) have trouble with doing accurately. This can be especially true with small business owners, after all, they have a business to run. Because of this, we’re introducing our commercial lease calculator, which includes NNN (Triple Net) expenses to […]
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What is a Rent Roll? A rent roll is a document for property managers that acts as a snapshot of the current income of a property. Think of it as an operational income report, a rent roll lists all tenants, their leased spaces, the duration of their leases, and the rent they pay, which provides
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Understanding financial responsibilities in real estate is high on the list of anyone’s list, whether they’re an investor, lender, or property manager. One of the key instruments in defining the hierarchy of these responsibilities is the subordination agreement. These agreements play a big role in structuring the priorities of different creditors, especially when multiple stakeholders
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Grandfathered property lines in commercial real estate represent an important aspect of property ownership and development, holding significant implications for buyers, sellers, and developers. These property lines are established under old regulations that have since changed, allowing existing boundaries to remain intact despite new zoning laws. Finding Your Property Lines How Are Property Lines Marked?
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There’s a surprisingly low amount of current or accurate data online about specific valuations as it relates to commercial real estate. For that reason, we’re going to use examples to illustrate valuation methods to calculate an estimate yourself. While this information will vary based on a variety of factors, I’m also including examples with each
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The term “broom clean” frequently surfaces at the end of a commercial lease. It’s a seemingly straightforward concept with significant implications for property management at many levels. Ensuring a space meets this standard is key to minimizing vacancy periods and preparing for new tenants efficiently. There’s definitely some legal ambiguity here (which we’ll get into
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For commercial real estate investors and asset managers, integrating solar energy systems is a strategic move to cut operational costs and boost property values. Yet, the performance and longevity rely on diligent preventative maintenance of the solar panels, as well as being quick about fixes for common issues that come up. 1. Dust and Debris
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Real estate transactions, whether commercial or residential, are complex endeavors fraught with potential legal pitfalls and high stakes. The intricacies of property laws, coupled with the significant financial implications, make the guidance of a seasoned real estate attorney invaluable. While many aspects of buying, selling, or leasing property may appear straightforward, numerous situations arise where
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The challenge of underutilized or empty office spaces has become increasingly prominent as the remote working movement slows, and the RTO (return to office) movement grows. Even so, remote work has transformed how companies work and will always be around now that we have a taste for it. This means that there are many business
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The construction industry is fraught with legal complexities and challenges, necessitating specialized legal support to navigate its intricacies. A construction lawyer specializes in dealing with legal matters related to construction projects, from contract negotiations to dispute resolution. The Role of a Construction Lawyer Construction lawyers play a pivotal role in ensuring the legal aspects of
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