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….
lease negotiation
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…
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”)…
Negotiating the Tenant Improvement Allowance
by Coy Davidson, Contributing Columnist Get as much as you can, and maintain control of the build-out process A key component of any lease…
Why it can be a financial mistake to negotiate with a Landlord directly
When commercial tenants negotiate directly with landlords, they are often treated like captive markets. Without representation, tenants don’t know what they don’t know (for example,…
Are you a Corporate Real Estate Tenant in a Lease Holdover Situation?
There are a few cases where the commercial real estate tenant may need additional time to vacate their premises beyond the end of the existing…
Real Estate and Fit Out Tips For Doctors
When choosing which space is best for a medical practice, physicians can have unique needs when compared to general office tenants. Physicians are oftentimes more…
Landlord or Tenant Build-Out, Which is Right for You?
When negotiating your commercial office lease, the Tenant Improvement Work Letter (TI) covers the design and construction work required to build and fit out the…
Choosing a Commercial Real Estate Law Firm
Consider that you wouldn’t purchase a commercial property before thoroughly researching it, your search for commercial real estate law firm should be one of careful…
Electric Options For Your Office Lease – Direct Metering Makes Direct Sense
The three most common methods for charging for electricity are direct, submetered and rent inclusion. Direct The most cost effective electricity clause in a commercial lease…
Controlling the Construction of Tenant Improvements in Office Leases: A Tenant’s Perspective – Part 3 of 3
Continued from Part 1 and Part 2 V. OTHER CONSIDERATIONS in a tenant build work letter In a tenant-controlled construction project, it is critical that…