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Just Elementary, Inc. » Entries tagged with "commercial"

Triple Net (NNN)?, CAMs? & Gross Leases

Triple Net (NNN)?, CAMs? & Gross Leases

What does a Gross Lease entail, what are exactly are Triple Nets (NNN), and what about CAM charges in Commercial leasing? Let’s start with a Gross Lease. Gross Lease means a lease that has no additionally itemized charges for the operating expenses of the commercial property.  This lease offers a simple and predictable periodic lease payment for a lessee (tenant). Gross leases are common in Industrial properties and other properties that have less maintenance and operating … Read entire article »

Filed under: Commercial Leasing

Negotiating Commercial Lease Rate & Terms

Negotiating Commercial Lease Rate & Terms

Let’s face it, this is the time to negotiate or renegotiate your commercial, retail or industrial lease.  The primary metric motivating landlords is the vacancy factor.  Across the board, from retail to industrial, vacancy rates are high, which means landlords have more and more spaces to fill and keep occupied.  Of course, this is a factor of an economic dip and your business is likely suffering a decrease in revenues from the boom times.  But, … Read entire article »

Filed under: Commercial Leasing

Condemnation Clauses for Commercial Leases

Condemnation Clauses for Commercial Leases

The Condemnation clause is an often overlooked clause in negotiating a commercial lease.  Even though it rarely comes in play, it is well worth negotiating just in case to protect the many years of blood, sweat and tears a lessee/business owner has put in to the business.  A condemnation clause dictates how compensation to the property owner is allocated to the tenant(s) at the property in the case that the property is seized via eminent … Read entire article »

Filed under: Business Tips, Commercial Leasing, Landlord, Negotiation

Five Rules for Negotiating Commercial Leases

Five Rules for Negotiating Commercial Leases

Your Bottom Line, is it important to you?  Yes, ok, then let’s see where you can increase it.  Occupancy cost is typically the first expense item we review as Commercial Brokers are at Just Elementary, Inc.  Every business has a physical cost to exist and occupy space, even virtual businesses (think server space). For  those business owners that lease the space that their business occupies, this post will cover Five basic Rules to negotiating or … Read entire article »

Filed under: Business Tips, Commercial Leasing, Landlord, Negotiation, Real Estate Tips, Renegotiation

A Free Business? Almost, but not quite!

Beginning in a few days, we will be profiling Second Generation commercial spaces available.  Second generation spaces are commercial spaces for lease that are built out but not currently occupied, they can be retail , office and industrial.  For example, many restaurants have closed down, but have an intact kitchen and plumbing in place.  These spaces obviously need some capital investment to be reopened, but these costs are going to be significantly less than opening a vanilla shell space from scratch.  Also, assuming the space is intact, you likely won’t need any construction permits from the various local agencies, so you will be able to open your doors Many months before you could open vanilla shell space.  This saves you Time and Money, which means you can focus on growing your … Read entire article »

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