Why It’s Crucial to Have Experts Review Your Commercial Lease

After finding your dream business premises, it can be tempting to rush into signing the lease agreement to avoid missing out. There’s every reason to believe your potential new workspace is as perfect as it sounds, but there’s also no harm in allowing the experts to make sure. Before you sign on the dotted line,

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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

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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

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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

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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

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Understanding Commercial Lease Types

Commercial leases are not one-size-fits all. The type of commercial lease will vary depending upon the asset class and building class and the landlord’s and tenant’s needs.

Negotiating Common Area Maintenance Charges in Commercial Leases

When signing a commercial lease, tenants may look at only the base rent amount. They are surprised when common area maintenance (CAM) charges result in a monthly rent bill that is higher than expected. Tenants may receive an additional surprise at the end of the year when they receive a bill for a CAM shortfall.

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The Effects of Commercial Real Estate Investing With Rising Interest Rates

Both Interest rates and inflation can be expected to have an effect on commercial real estate investing for months and possibly years to come. With positive economic data spanning most of the country, the Federal Reserve announced back in December that it would back off from its bond-buying program. Ever since then, interest rates have

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CresaPartners Represents Palo Alto Networks in New Office Lease

The principal and founding partner of CresaPartners in San Jose, John Brady, recently represented Palo Alto Networks in negotiating an 110,000 ft.² office lease and project management assignment at 3300 Olcott Street in Santa Clara. Palo Alto Networks, who are a network security company, were looking to expand and relocate their corporate headquarters from their

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HP Deal Signals Big Corporations Back in the Business

Yesterday’s announcement that Hewlett-Packard has agreed a seven year deal to lease a huge 1.4 million Sq. foot distribution center in San Bernardino marks the return of big corporations to the real estate market, industry observors claim. According to Westcore Properties, the computer technology giants plan to begin operations in the Cajon Distribution Center sometime this summer, and it is hoped that more such deals will be back on the agenda soon.

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