Q:   If I hire an exclusive broker to represent me in the purchase of a building, what is he doing to make sure that I find the right building? A: I cannot speak for all companies that represent buyers, but I can tell you what our firm does in representing buyers or tenants. And when I say,...

Q: We have made an offer to purchase a building. Our broker insisted that it made "subject to environmental." What exactly does that mean? A:  When purchasing any real estate, one of the most critical items to research is the environmental condition of the property. There are several critical...

Q; I own an industrial building and my tenant has informed me that they will not be renewing the lease next year. What’s the best way to find a tenant and lease the building quickly? A: The days of putting a sign on your property, marketing a building by yourself, and hoping for the best are over....

Q:  What would be the advantage of selling our manufacturing plant and leasing it back, as opposed to just refinancing the building? A:  There are several advantages to selling your property to a third party and simultaneously executing a long term net lease to occupy the building. As...

Q: We are planning to lease a larger manufacturing facility on Long Island. Our broker says the landlord is going to require “lease enhancement”. What does this mean, and how should it be negotiated? A: Lease enhancement refers to a means of providing additional assurance to the landlord that you...

When a company is negotiating a long-term lease for a new manufacturing facility, it is important to know what an option is and how it can affect the negotiations of a lease. The definition of an option is a provision in an agreement that gives one party the right, but not the obligation, to...

Q: What do you recommend as the right lease term for an office lease? A: This is highly dependent on your objectives and the nature of your company. So, let’s start with some of the advantages and disadvantages of short and long terms for a lease. One of the major advantages of leasing office...

Q:   I have a building for lease. I want to make the property attractive for a tenant but have a limited budget. Where do I start? A:  When marketing commercial real estate, there are three major concerns that you should address with respect to property maintenance. These are the...

Q: Our company is a thirty-year-old engineering and production company and we definitely need to expand in the next couple of years. As we consider our real estate needs, we are also trying to understand all the economic programs that may be available to us.  Can you give us some guidance? A:...

Q:   We have found the right office space and will be receiving a proposed lease from the landlord.  Obviously, we will have attorney review the lease.  Is there anything else we should do to negotiate the lease? A:   If you are a tenant, any proposed lease needs to...