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Showing posts with the label Commercial Property Leases

Office Lease Transactions: How Financial Analysis Plays a Part

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  Commercial office space leasing consideration is a bit more in-depth than renting a residential property, for example. When leasing a home, apartment or condo, you know how much the rent costs and whether or not you will be able to afford it. For commercial office space leasing, the decision-making process is a bit more time consuming. In order to ensure that you are renewing your lease at the right location at the right cost or deciding to move your office space to a new locale to save money, you want to complete a full financial analysis to make sure that the leasing decision you make is the right one. What a Financial Analysis Accomplishes A financial analysis is the answer to determining what your overall cost will be to lease a commercial office space. Far from simply considering annual lease amount, there are many other factors to review in order to ascertain that the lease is a financially responsible move for you and your company to make. In addition to looking at the ba...

Commercial Property Management - Tips for Reading Commercial Property Leases

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When you manage or own commercial investment property , the reading and interpretation of leases becomes common practice as you seek to protect the rental and the function of the asset for the landlord. A solicitor prepared lease will be the best way to go when it comes to getting a lease that protects the intentions of the parties. Generic property leases are usually not sufficient in property detail or terms and conditions to comprehensively pick up the specific factors of property design and performance. 'You get what you pay for', is the phrase that comes to mind in comparing generic 'off the shelf' leases versus ones that are specifically drawn up with the landlord and property in mind. Only 'commercial property experienced' solicitors should be sourced and trusted for the task of lease preparation. A solicitor prepared lease provides a more specific and attractive package to buyers of the property. Buyers of the property in considering a poten...