Choosing the Right Lease Term

Choosing the Right Lease Term

What do you recommend as the right lease term for an office lease? 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-term leases. One of the major advantages of...
Net, Gross and Full-Service Leases

Net, Gross and Full-Service Leases

Looking on the internet, I see that rental prices have different labels. What are the differences between a net lease, a gross lease, and a full-service lease? These are all terms used to describe the manner in which services and expenses are paid in a landlord-tenant...
Preparing for Negotiation

Preparing for Negotiation

Once we have found the building we want to purchase, what is the best way to start negotiations? Entire books have been written about the art of negotiating, so I can share only a few of the strategies that have helped me negotiate advantageous transactions for our...
Due Diligence for the SELLER

Due Diligence for the SELLER

I have hired a commercial real estate broker to sell my industrial building. The building has two tenants. He is asking for all sorts of information that I feel is part of the due diligence that the eventual buyer, not me, should be doing. Why go hunting for problems?...
Zoning Research is Essential

Zoning Research is Essential

We are in the market to buy an industrial building. How concerned should we be with the specific zoning of each property we consider? There are a number of concerns in the evaluation of zoning, but the primary one is whether you can lawfully operate your business. As...
Contingencies in a Contract of Sale

Contingencies in a Contract of Sale

We are negotiating the sale of our industrial building, and the buyer is insisting on a long list of contingencies in the contract. What is normal? There is no “normal” set of contingencies to a contract of sale, in the same way there is no “normal” real estate deal....