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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 the average SF cost for conditioned warehouse space in Atlanta?
As of late 2023, the average cost for conditioned warehouse space in Atlanta typically ranges from $10 to $15 per square foot, depending on factors such as location, amenities, and lease terms. The demand for such spaces has increased due to e-commerce growth, which may further influence pricing. Always check with local real estate listings for the most current rates, as they can fluctuate.
What is average commercial rent per sq foot in Haddonfield NJ?
As of my last update, average commercial rent in Haddonfield, NJ, typically ranges from $20 to $40 per square foot, depending on the location and type of property. Factors such as the specific area, property condition, and lease terms can influence these rates. For the most accurate and current information, it's advisable to consult local real estate listings or a commercial real estate agent.
Can a commercial landlord evict tenatn by changing locks?
Someone else's answer, which is WRONG:
A landlord can not lock out a tenant...ever. The only person that can would be the sheriff. You will be notified by way of a notice posted on your door from the sheriff's department notifying you of the exact date and time your locks will be changed. The sheriff will most likely be escorted by the manager or a maintenance member. Once the eviction process begins, your best bet is to return possession of the apartment as soon as possible. The longer you stay, the more you will owe in rent, legal fees etc. In addition, if you intend to ride out the entire eviction, it is guaranteed to be on your credit for 7 years, and it will be extremely difficult to rent anywhere (or purchase a house) until it has been removed.
Actually on a commercial lease a landlord has the right to lock you if this is stipulated in the lease. Best to read your lease on consult a lawyer before taking this action with a Commercial lease.
My answer:
According to Chapter 93, Section 2 of the Texas Property Code, a landlord CAN lock out (change the door locks) of a COMMERCIAL tenant who is delinquent in paying at least part of the rent, and without any judicial process. The landlord or agent must place a written notice on the tenant's front door stating the name and the address or telephone number of the individual or company from which the new key may be obtained. The new key is required to be provided only during the tenant's regular business hours and *only* if the tenant pays the delinquent rent.
I suspect other states have similar laws for COMMERCIAL properties. It might be worth checking out your state's property code for COMMERCIAL property (very different from residential). FYI, Article 2A of the UCC (Uniform Commercial Code) that applies in all 50 states applies to the lease of goods, not real estate.
What does tmi mean in commercial lease?
TMI means the Taxes, Maintenance and Insurance portion of the Landlord that has to be passed on to the Tenant. For more help, visit sps-myanmar.com
What fees count as common area maintenance fees?
Amounts charged to tenants for expenses to maintain hallways, restrooms, parking lots, and other http://www.answers.com/topic/common-areas.
Example: In a regional mall, the cost of utilities needed to heat, cool, light, and clean the common areas was allocated to each tenant as common area maintenance, charged back to tenants.
What are the disadvantages of an automatic door?
if there is a power cut than they will jam shut and you have to force them open
Where do you inquire about mall space rentals?
Go straight to the website of the mall you are looking to rent space from. A lot of malls will post on their website, or have a tab that you can click, saying that they have space available to lease or rent to people looking for the space. You can also try calling the mall. Ask to be connected to a General Manager or a Leasing Representative to inquire about rental space available.
Commercial property lease types?
There are 3 kinds of commercial lease:
Net Lease, which means the Tenant pays rent as well as additional expenses associated with the property.
Gross Lease with which all expenses will be borne by the landlord except the base rent.
Modified Gross Lease is the combination of the above two.
Yes, unless there are other stipulations stated, then it is safe to assume that net 10 days, means the balance is due 10 days after date of invoice.
there are a few other ways companies may state this on the invoice.
2n10 net 30
or
2 percent in 10 days net 30
both mean, if the account is paid in 10 days, the customer is given a 2% discount, if they do not pay the balance is due in 30 days.
Agree with most everything below but there are caveats that both Seller and Purchaser should be aware of.
First and foremost is a Lease Purchase Option is usually a unilateral contract. Meaning the buyer has an "option" to purchase or not purchase the property at or before contract end. This is key as a normal Real Estate sales agreement is bi-lateral an requires one party to sell and the other to purchase. Bottom line is both parties are tied into the contract (we won't discuss contract contingencies here), whereas in an Option to buy, only the Seller is tied into selling . So why would a seller agree to this arrangement? The obvious reason is, it is more financially beneficial to him/her. I can discuss this further if anyone is interested - just post it here.
Secondly, seller's need to realize that the Lease part of the agreement may or may not allow the purchaser certain rights over and above what is typically allowed for a "rental".
Usually this involves a lease for a specific term, during which the lessee has an option to purchase either before or at the end of the lease. All or part of the rental payments may be credited towards the purchase price. The purchase price or option price needs to be stated up front.
Actually people get "lease" and "options" messed up and believe they are one in the same when they are not!!!!!!
A lease purchase is when you put some money down upfront and then maybe some of the monthly rental payment goes toward a deposit on purchasing the home.At the end of the lease purchase you have agreed to purchase that home at a specified price and terms,usually there is a dispute that arises as to who keeps the earnest money if the deal falls through,investors are shying away from lease purchases because it creates a "beneficial interest"in the property for the buyer which gives them a stake in the home and complicates things.
Lease options is what most investors are using now,a lease option gives the buyer no beneficial interest in the property.For example i own a property for 150k i will give the buyer a lease option for which they will pay me 3,000 for the OPTION of purchasing the home at that fixed price by the date specified in the contract,if they decide they don't want to buy at that time i can sell to someone else but the 3,000 is mine and is not a deposit on the property merely consideration for me giving them the option to buy my house at that price.
Do you need money down for a triple net lease?
There is no law requiring money down on a triple net lease, so any required down payment would be up to your landlord. Keep in mind that you will need to start paying property taxes, building maintenance, tenant improvements, etc. immediately after you sign the lease. Those expenses can add up quickly, so be sure to have sufficient funds set aside before signing the lease.
How do you obtain financing for a rental property?
The same way you get the loan for any property. You go to the bank and apply. They may have requirements to include incorporation, rental history for the property and other items you don't need for a home loan. You can also check with the Small Business Administration to see if any of their programs can help.
A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three 'Nets') on the property in addition to any normal fees that are expected under the agreement (rent, etc.). In such a lease, the tenant or lessee is responsible for all costs associated with the repair and maintenance of any common area.
This form of lease is frequently used for commercial freestanding buildings. However, it has also been used in single family residential rental real estate properties.
As an IT Specialist Identify E-commerce hidden or potential hurdles?
As an IT specialist, there are several hidden or potential hurdles such as stiff competition. Also included in the hidden or potential hurdle is that there are numerous clients who do not trust e-commerce due to rampant scams over the Internet.
Its a square where each of its four sides measures 12 inches
What is the average cost of office space in phoenix?
the math is the same nationwide--
smallest size subtracted from largest
divided by 2
Responsiblity for the mailbox key fees is tenant or landlord?
My question pertains to whether or not it is the landlords responsibility to provide a mailbox key (or re-key) of the mailbox, if the previous tenant didn't turn it back. That's an extra expense that I do not believe I should incur.
