Articles Comments

Just Elementary, Inc. » Entries tagged with "Tenant Improvements"

Rent Abatement, What is it and how to get it. Why would a landlord give it?

Rent Abatement, What is it and how to get it.  Why would a landlord give it?

In simple terms getting free rent is rent abatement.  Important to note that if you are able to secure rent abatement, it likely only applies to the base rent.  This means that CAM/NNN charges would still be due.  So when can you get rent abatement/reduction? When negotiating a brand new lease When adding significant Tenant Improvements Down economic markets   How you negotiate the rent abatements depends on the situation In terms of new lease negotiations, this would be easiest time to … Read entire article »

Filed under: Commercial Leasing, Renegotiation

Capital Expenditures Costs and Timing to signing a Retail Lease for a New Business

Capital Expenditures Costs and Timing to signing a Retail Lease for a New Business

Negotiating a new lease for a new location and trying to figure how long it will take to get your doors open for business? There is a lot to consider when it comes to timing and budgeting, and here are a few of them: ● Working Capital ● Security Deposit and First Month’s Rent ● Tenant Improvement Costs & Carrying Costs ● Municipal, County & State Permits ● Opening Inventory/Supplies ● Payroll Budgeting Working Capital Needed to Start a Business Working Capital is a key … Read entire article »

Filed under: Business Tips, Commercial Leasing