Commercial Leasing 101

When you hear “lease commencement date,” you might assume it’s just the day your lease starts—but for small-to-medium business owners, it’s so much more. This date can influence everything from when you take possession of a space to how and when your rent kicks in. Overlooking the details here can lead to unexpected expenses, tense […]

Leasing commercial space can feel like trying to read the fine print on a greasy takeout menu—confusing and a little overwhelming. But if you’re a small business owner dreaming of opening your first café, workshop, or boutique, there’s one thing you need to get straight: index leases. Now, these leases aren’t as scary as they

First things first-what is it? External obsolescence refers to the depreciation of a property’s value due to factors outside the owner’s control. Unlike physical deterioration or functional obsolescence, which stem from issues within the property, external obsolescence is caused by external changes in the surrounding environment, economy, or regulatory landscape. For commercial properties, this could

What Are They? Arm’s length transactions in commercial real estate occur when two unrelated parties negotiate a deal independently and without external pressure. Each party operates in their best interest, ensuring fair market value for the property. These transactions are essential in maintaining transparency and integrity in high-value deals like office buildings, retail spaces, and

Latent defects are hidden issues in a property that are not immediately apparent during a standard inspection. Unlike patent defects, which are visible and can be noticed upfront, latent defects often go unnoticed until after a property is purchased or leased. These could include things like hidden mold, faulty plumbing behind walls, or structural issues

Commercial leases could be considered as the infrastructure backbone of many business operations. After all, it provides the space and security companies need to thrive. Among the various types of leases, the perpetual lease stands out as a unique arrangement. A perpetual lease, also known as a permanent or evergreen lease, offers an indefinite leasing

Commercial real estate can be a labyrinth of complex terms and types of lease agreements, each serving different needs and scenarios. One such type is the graduated lease, a concept that can be both advantageous and challenging, depending on the specifics of the agreement and the circumstances of the parties involved. This article will delve

In commercial leasing, going over tedious terms and clauses can be daunting, but understanding the Good Guy Guarantee is actually pretty important. But what is it exactly? The Good Guy Clause is a part of your lease agreement that allows you to break the lease early under certain conditions without facing harsh penalties. This clause

Are you a business owner or entrepreneur looking to rent a commercial property for your venture? If so, understanding the different types of commercial real estate (CRE) leases is crucial to making informed decisions and negotiating favorable terms. In this blog post, we will explore the various types of CRE leases, diving into both common

The estoppel certificate stands as a cornerstone document, pivotal in securing transparency and trust among landlords, tenants, and buyers alike. Often likened to a snapshot, it captures the current state of lease agreements, serving as a definitive record that parties can rely on during transactions. What is an Estoppel Certificate? An estoppel certificate is a