Experts share top costly Tenant Improvement Work Letter Oversights
A tenant (who didn’t use a project manager) once told me of an argument with his landlord shortly after move-in to his newly constructed office….
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When Real Estate Brokers Poo Poo Project Management, Find a New Broker
Tenant Rep Brokers, like Project Managers/Owner’s Reps, position themselves as client advocates who only represent the tenant/end-user during the real estate acquisition process. They cast…
13.5 Important Tips Before Leasing Industrial Space
Industrial and warehouse space can range from manufacturing and storage, to distribution such as pick and pack facilities. Each building you consider will have its…
Simple Office Space Calculator
There are tons of office space calculators, but most are not very flexible. For this reason, LeaseMatrix created a simple spreadsheet-based calculator which readers can…
Office Space – Average time between Site Selection and Contract Execution
Site selection can take as long as it takes to identify a location and negotiate a good transaction. There are many variables to consider when…
Navigating Common Area (CAM) Expenses
By Bryan Mashian, Esq., Contributing Columnist When negotiating a lease in a multi-tenant project, such as a shopping center, office building or industrial park, the…
Tenant Improvements vs. Landlord’s Work Letter
What happens when the Tenant Improvement (TI) allowance is not enough to cover the cost of the landlord’s turnkey construction? Tenants often find themselves paying…
Lease Review – What should you focus on outside of the major lease terms?
Do landlords go into the unreasonable “gray area’” when it comes to measuring tenant spaces and common areas? Do they include building overhangs, exterior sidewalks, balconies and patios? It…
Due Diligence Is Critical in Commercial Real Estate Transactions
By Link LeGrand, CCIM Contributing Columnist Financial due diligence is the process of verifying all statements of fact (or “finding where the bodies are buried”)…
What’s the most ridiculous lease clause you’ve encountered?
What’s the most ridiculous lease clause you’ve encountered? This was a question posted in a LinkedIn Discussion Group. Here are some example lease clauses that…