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Just Elementary, Inc. » Entries tagged with "Base Rate"

Lease Expiring: Holdover Clauses in Industrial & Retail Leases

Lease Expiring: Holdover Clauses in Industrial & Retail Leases

When the premises lease for a business expires, what happens?  Does it just become a month to month lease at the same rate as before?  Do you have the right to stay in the premises?  Once a Commercial Retail or Industrial lease expires, the lease doesn’t necessarily convert to a month to month lease.  Often times a Commercial Retail or Industrial lease will have a Holdover clause that will dictate the terms of maintaining possession of … Read entire article »

Filed under: Commercial Leasing

The initial terms to negotiate with a landlord for a retail business lease

The initial terms to negotiate with a landlord for a retail business lease

Already found a suitable location for your business?  Then, the next step is Negotiating a Lease for your Business?  Here are Five basic terms to start with.  But remember that there is plenty more to negotiate after you have reached an understanding on the following four points: The Base Rate The Lease Indexing The Length of the Lease Number of Option Terms Personal Guaranty Terms Starting with the Base Rate is the most common lease term to negotiate.  It is important … Read entire article »

Filed under: Commercial Leasing

Negotiating Retail Lease Terms – Base Rate, Lease Indexing, CAM, NNN, Personal Guaranty, Lease Assignment

Negotiating Retail Lease Terms – Base Rate, Lease Indexing, CAM, NNN, Personal Guaranty, Lease Assignment

When it comes to negotiating a retail lease, it is important to consider all of the terms and the entire lease.  In this blog post, we will focus on a few of Lease Terms that are important to negotiate The Base Rate in Gross Lease Versus a Net Lease NNN & CAM Charges Lease Indexing: Fixed versus Variable Personal Guaranty Clause Lease Assignment Clause Here is a presentation by Commercial Business Broker Pramod Patel discussing the terms listed above. Gross versus Net … Read entire article »

Filed under: Commercial Leasing, Negotiation