What Is My Agent Doing?

What Is My Agent Doing?

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...
Environmental Reports

Environmental Reports

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...
Marketing Your Commercial Real Estate

Marketing Your Commercial Real Estate

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...
Sale-Leasebacks

Sale-Leasebacks

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...
Lease Enhancement

Lease Enhancement

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...
Lease Options

Lease Options

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,...