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Commercial Leasing

Commercial leasing refers to a process by which a property is rented by a business entity for a certain period of time. Common types of commercial leasing include office space, retail shops and warehouses.

447 Questions

What is brothers wife called?

Your brother's wife is your sister-in-law. Your spouse's sister is also called your sister-in-law. Your sibling's husband is your brother-in-law; your spouse's brother is also called your brother-in-law.

Under what conditions can a landlord lock out a tenant?

Probably. A landlord has no right to enter without the tenant's permission, and being in the unit without the tenant present - even with the tenant's permission - is usually a bad idea. Therefore, if only the tenant has a key, the landlord is actually protecting himself from some liability. If the tenant changes the locks, he should save the original lockset, and put it back when he leaves.

What is the required length of time for an eviction notice in commercial leases?

It all depends on what kind of notice your are referring to. In most cases it probably involves eviction. In this case always refer to the lease. It will specify the conditions for the notice. If the lease is not clear or poorly written in this area then follow the letter of the law in the state the notice is to be given regarding evictions and seek legal council.

How do you get business credit cards with bad credit?

If you don't need to borrow money but need the credit card for buying things online you could get one of the prepay cards. You load money onto it and then you can use it like a credit card for purchasing.

There are also secured credit card options for those who have credit issues

What are the advantages and disadvantages to a business of granting credit to customers?

Many businesses grant credit to clients in order to attract their business For example a client that has a 30 day account can under the right circumstances have as long as 60 days to pay a bill on time. also by extending credit clients tend to phone you first when they have an account. The disadvantages are that you have to use your money to cover stock that others are using And the worst disadvantage can be that you don't get paid,

What is Subordination in commercial lease?

This is a good article. It deals with retail leases but is good for understanding... -R Dissecting Subordination Aug 1, 1997 12:00 PM, Sheldon A. Halpern and Jane E. Rudofsky Almost without exception, shopping center leases contain subordination provisions stating that the rights of the tenants under the leases will be subject to the rights of any lender whose mortgage affects the shopping center. However, the tenant that agrees to subordinate its leasehold interest without reviewing the lease language carefully -- with an eye toward both the applicable law and the options available to it -- may find its lease terminated in the event of a foreclosure without any fault on the tenant's part. A tenant is rarely in a position simply to refuse to subordinate its lease to one or more mortgages; however, the savvy tenant can reduce the risk of an unpleasant surprise in the event of foreclosure. What does a subordination clause do? Generally, if the lease is recorded, or if the tenant takes possession of the premises prior to the recordation of a mortgage on the property of which the leased premises is a part, the lien of the lease has "priority" over the lien of the mortgage. A subordination provision changes the priority: The tenant agrees that the lien of its lease will be subordinate to the lien of a mortgage. A landlord generally includes subordination language in its lease in anticipation of the requirement of its lenders. Consequences of foreclosure. In some states, if the lender's mortgage has priority and the lender forecloses, the lease terminates automatically, even if the lender does not want the lease to be terminated. In other states ("option" states), the lender has the option to do what is most profitable, either cutting off the lease in foreclosure and then evicting the tenant, or confirming the lease. If rent values have increased, it can evict the tenant; if rent values have decreased, it can hold the tenant to the lease. These scenarios are extremely unappealing to the tenant. Nondisturbance and attornment. An alert tenant can protect itself by insisting that it not be required to subordinate its lease unless the lender executes a nondisturbance and attornment agreement with the tenant. The most basic form of nondisturbance and attornment agreement assures the tenant that the mortgage holder will not disturb the tenant's possession as long as the tenant is not in default under its lease and the tenant agrees to recognize and treat the lender (or other owner after a foreclosure sale) as landlord, i.e. "attorn." It is to both the tenant and the lender's benefit to negotiate a nondisturbance and attornment agreement that is broader than a mere agreement not to dispossess the tenant. The nondisturbance and attornment agreement should spell out the rights of the parties as specifically as possible. The lender typically does not want to be bound by certain substantial obligations of the landlord, e.g., obligations to complete construction of the shopping center. The agreement should describe what will happen if the lender refuses to perform such obligations. (For example, the tenant could request a right to terminate the lease.) Lenders also frequently refuse to be bound by rent payments made to the former landlord more than 30 days in advance, by offsets or defenses that the tenant may have against the former landlord, by defaults of the former landlord, or by amendments to the lease made without the lender's consent. The tenant should attempt to include language in the nondisturbance and attornment agreement setting forth what happens if a default continues after a lender forecloses and becomes the landlord. For instance, in the event the landlord has failed to fix a leaky roof, the lender would not be willing to assume liability for past damages, but might be willing to agree to fix the roof after it becomes the landlord. The tenant also should be wary of the risks of subordination arising prior to foreclosure and should, for example, seek to have the lender recognize the tenant's rights in the lease with respect to application of insurance proceeds and condemnation awards. Prior to entering into the lease, the tenant should determine if the leased premises are subject to the lien of any mortgage by obtaining a title report or a warranty of the landlord. A tenant with bargaining power may be able to insist that the existing lender execute a nondisturbance agreement as a condition to the tenant's execution of the lease or reserve the right to cancel its lease if the landlord does not deliver a nondisturbance agreement from the existing lender within a reasonable time after the lease is executed. Sheldon A. Halpern is a partner and Jane E. Rudofsky is an associate with Los Angeles-based Pircher, Nichols & Meeks.

What is Sumitomo Mitsui Banking Corporation's Nishinomiya branch address?

address as below Sumitomo Mitsui Banking Corporation, Osaka Branch 4-6-5 Kitahama, Chuo-Ku Osaka 541, Japan

If a tenant is breaking her lease what are your options as a landlord?

nothing realy unless you want to take her to small claims court and then even if you win you get nothing if she dosent work its a no winner sorry it has to be that way for landlords also this is for ny state so i dont no what state your in

look at your state laws. In California, you have to act quick and send them a 3 day notice to quit or pay form. If that doesn't work, then you file an unlawful detainer lawsuit with the courts.

If your tenant is in default of the lease does the landlord have to right to change the locks?

Matters such a locks are usually covered in a written lease. If it's not covered or if there is no written lease you probably can. BUT, you must give the landlord a key. The landlord has the right to enter in an emergency and upon reasonable notice to the tenant to inspect the premises.

Keep in mind that landlord / tenant relationships without a written lease are generally governed by state law, so the conclusion may differ from state to state.

When I was a landlord, there was an option to change the keys for a tenant. I had it done at my cost and held a key. Most locksmiths will not change the keys if you do not own the home.

In many commercial leases the tenant is EXPECTED to change the locks and the landlord may not want to even have a key. For example, when renting a self-storage unit, the tenant would typically add his or her own lock to the unit. Upon default or emergency, the landlord would simply break the lock to gain entry, then put on a new lock.

What is the average cost of warehouse space per square foot in pennsylvania?

It all depends on where we are in the real estate cycle. Like most things in life, the space per square foot is negotiable with the landlord/owner. There has to be comparable's (like in the housing market) of like properties and an estimated price per square foot will be determined. Each property is unique and there are many things to consider like size, location, age, ingress and egress, signage, quality, amenities and the list goes on. Please be aware that there is no standard anywhere in the United States. Everything is negotiable! And it all depends where we are in the real estate cycle!

What is the average cost per square foot for warehouse storage in Michigan?

The average cost per square foot for building a house in Wisconsin is about $110. This means a 1000 square foot house would cost about $110,000 to build.

What is the difference between a license and a lease of property?

A license is a contractual right to do something on a property, whereas a lease is a property interest that includes possession of the property, often containing the right to sub-license specified uses of the property.

For example, you could lease a warehouse from someone and have a license to use it as a public storage facility, provided you paid a percentage of the generated income to the landlord.

How much is rent in mall?

Depending on area. Mall rental rates range from $25.00 SF - $50.00SF. Strip mall rental rates avg $7.00 - $35.00

I was looking, and a strip mall on a busy street in an average sized town it will be around $10 SFY

How do you calculate return on an investment?

To calculate ROI, the benefit (or return of money or income gained) of an investment is divided by the cost of the investment. ROI is usually shown as a percentage. This formula can also be used to suit a number of different situations.

Here is the formula for ROI:

(Income from Investment - Cost of Investment) / Total Cost of Investment = ROI

Can landlord change locks on commercial building in Florida?

If the space is being leased and the tenant is current they really have no business doing so. They have the right to, but as long as they give the tenant a copy of the key they can do what they want. It is their property.

What is secured lease?

"Secured" is a term applied to when a person signs personally for a lease.

If a man have more then one wife what do you call it?

if he has 2 wives then he would be called as bigamist and if he has more than two then polygamist

What is the average cost per square foot for leasing a commercial building in Milwaukee county?

That's way too vague a question...Milwaukee County has ritzy areas, blue collar areas, and a full blown ghetto. When looking for residential or commercial property in the Milwaukee area, I suggest that if the address is north something, you go with a numbered street over 60. eg 1234 N. 61st street or 7240 N. 89th street. If the address is south something, look for addresses 3000 or more when looking at numbered streets. eg 3200 S 18th street or 5740 S 92nd street. If the address is south and then a name, anywhere is okay. eg 4139 S Taylor. East and west: I suggest you stay away from any address 2900 south thru 100 south and 100 north thru 4000 north. If you look at a map, avoid Oklahoma to Capital and the lake to 60th, but know that there are a lot of nice places scattered within that area. You really need to TALK to someone who lives in Milwaukee. Good luck.