Understanding Subordination Non-Disturbance and Attornment Agreements



Commercial tenants may be perplexed when months or years after signing their leases they are asked to sign a Subordination Non-Disturbance and Attornment Agreement (SNDA). The landlord may tell tenants simply that they “need the SNDA for the mortgage lender.” Tenants may not have a choice but to sign the SNDA. A clause in their […]

Michael Beattie, Other Experts Look at 2019 Toronto Construction Trends



Toronto’s commercial real estate projects have reached new heights in 2018, and trends indicate further growth in the coming year. This forecast is attractive to investors looking to develop new, income-producing properties that will continue to change the landscape of downtown Toronto and the GTA. Fueled by a boost in changing business trends, with an […]

Commercial realtors saw their income surge in 2017



Real estate agents in the commercial sector are benefiting from a substantial increase in gross income and sales volume, according to new data from the National Association of Realtors. The NAR’s latest 2018 Commercial Member Profile shows that the median gross annual income for members hit $150,000 in 2017, up from $120,999 the year before. […]

You Want Me to Move Where? Tenant Relocation Clauses in Office Leases



Many commercial real estate leases contain tenant relocation clauses, which allow the landlord to require that the tenant move to different rental space. Since relocations are uncommon, tenants may not pay attention to those clauses when negotiating their leases. However, the terms in the relocation clause can make–or break–a tenant’s business when triggered. Why Landlords […]

What to Look for in a Tenant Buildout



When leasing commercial real estate, tenants need to budget for the buildout. A buildout includes adding walls, doors, outlets, cabinets, and anything else that constructed in the rental space. In office leases, the lease usually requires that the landlord pay the cost of the tenant’s buildout. How Leases Describe Buildout Obligations No matter what the […]

Amazon’s new headquarters may end up in two different cities



Amazon.com Inc.’s hunt for a city to host its second headquarters is nearing its end, and rumor has it the company will end up choosing two locations instead of one, according to the Wall Street Journal. The idea now is that Amazon will split its proposed workforce (and therefore the promised economic benefits) between two […]

If You Think You Know How Your Office Lease Square Footage is Calculated, Guess Again!



You might think you can easily verify the square footage in your office lease.  After all, it is easy to calculate the square footage of the living room in your new home to plan for furniture placement. You use a tape measure to measure from wall to wall in both directions. Then, as you learned […]

Trump administration offers tax breaks for Opportunity Zone investors



President Donald Trump’s administration is teasing real estate investors with the possibility of significant tax breaks when they buy properties in “distressed economic areas” that have since been labeled as “opportunity zones” by the U.S. Treasure Department. Steve Mnuchin, the Treasury’s Secretary, said the newly designated zones could attract as much as $100 billion in […]

Commercial real estate set for gender diversity boost



Commercial real estate companies in California are due for a shake up after a decision by lawmakers that mandates that more women are named to their boards of directors. Lawmakers in the state have just enacted a new law that requires all public corporations to have at least one female on their board by the […]

What to do if You Aren’t Happy with Your Real Estate Agent



What happens if you aren’t happy with your real estate agent or broker? The answer might be in the listing agreement you signed. Other times, you may have to negotiate a change to or cancellation of the agreement. Know the Types of Real Estate Professionals First, some background. There are two types of licensed real […]

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