Just Elementary, Inc. » Commercial Leasing
Is your short lease term affecting the sale of your business
If you are planning on retiring or leaving your business soon, having just a short time remaining on your lease can give you a feeling of freedom, since you see the light at the end of tunnel. However, what about selling your business to a buyer? Will having very little lease term remaining be an issue? Yes, in most situations it will be an issue. For a buyer to complete the purchase of a business, … Read entire article »
Filed under: Business Tips, Commercial Leasing
What to Negotiate in your Commercial Lease BEFORE you open your business
The success of a business depends on many factors, including the terms of the premises lease. This post is a discussion of seven of the many important items to negotiate in a business lease before signing it and opening the doors for your business. The Lease Rate Below Fair Market Lease Rate If you are able to negotiate a below fair market lease rate then you are in good shape, as it gives you a great leg up … Read entire article »
Filed under: Commercial Leasing, Negotiation
Warehouse property for lease in Commerce, California 90040
Warehouse property for lease in Commerce, California. Location is 2202 S. Atlantic Blvd Commerce, CA 90040 Approximate Building Square Footage is 4,500 Office build out is approximately 800 square feet, set up into two offices, a reception counter and a conference room. The two offices have a separate direct front door entrance from the lobby. The main entrance is to the lobby. Office has HVAC. Warehouse space is cooled with two swamp coolers, no heating in the … Read entire article »
Filed under: Commercial Leasing
200 Sq Ft Newport Beach California Retail or Office Sublease in Zip Code 92660 by John Wayne Airport SNA
Are you looking for a Newport Beach business address in close proximity to John Wayne International Airport (SNA)? 200 square foot sublease inside of a shipping services and retail store is offered in Newport Beach California. Includes a private mailbox and a unique Newport Beach Address. Asking rate is $800 per month. Internet via WiFi is included. Available immediately and term is negotiable. For more information contact: our Client Care Manager Sonia Chhabra by telephone at (888) … Read entire article »
Filed under: Commercial Leasing
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
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
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
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
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
What is a Business Broker & How Do They Help Me Sell My Business?
What is a Commercial Business Broker? A Business Broker helps a Business Owner Sell his or her business to a Buyer. Similar to Residential Real Estate Agent, except the client/product is a business, not a house. Here are common questions we get: Question: Does a Business Broker Buy the Business from a Business Owner? Answer: No! A Business Broker packages a business for sale and markets the business to attract qualified buyers. What does a Business Broker Do for Business Owners? Prepare the … Read entire article »
Filed under: Business Tips, Business Valuation, Commercial Leasing, Due Diligence, Featured, Negotiation, Selling A Business
Former La Salsa Space in Irvine for Lease
The former La Salsa Restaurant Space in the City of Irvine, California is for lease. It is located at the Commons Plaza, just off the 405 freeway and Irvine Center Drive. This particular unit is the end cap unit and has exclusive patio seating for additional ambient dining capacity. Hood is intact, with a walk in cooler. This is ideal for a conversion to another concept or brand with much less work to do when … Read entire article »
Filed under: Commercial Leasing
Why Your Landlord Denies your Request for a Rent Reduction and Other Lease Modifications
In the course of helping our clients with renegotiating the terms of their lease and modifying their rent, we come across some situations where landlords have denied their current tenant’s request for rent reductions. In some of those cases there are things that can be done to change the landlord’s mind. The #1 reason a landlord denies a rent reduction request is that they feel that the tenant has not taken all possible steps to streamline … Read entire article »
Filed under: Commercial Leasing, Landlord, Negotiation, Renegotiation
Lease Expiring Soon, Want to Renegotiate Terms to get a Better Deal on the Renewal or Extension of Lease
Is the premises lease for your business expiring soon? If so, you may be in the CatBird seat. Consider yourself fortunate that you are in position to renew or extend your lease terms in a ‘down’ leasing market. This means you may be able to accomplish one or more of the following things: Reduce your base lease rate Reduce your NNN/CAM charges Reduce or eliminate the Personal Guaranty liability Reduce or modify your security deposit Adjust premises maintenance responsibilities Improve Signage … Read entire article »
Filed under: Commercial Leasing, Negotiation, Renegotiation
Negotiating the Personal Guaranty Clause for Retail Commercial Leases
What to do about a Personal Guaranty in a Retail Commercial Lease If you are attempting to lease a retail commercial space, one of the the numerous things to negotiate is the tricky subject of the personal guaranty. It is tricky because property owners have justification for asking for a Personal Guaranty. Naturally, a lessee (tenant) would prefer not offer a Personal Guaranty. In this post, we’ll discuss some of the things that can be negotiated … Read entire article »
Filed under: Commercial Leasing, Negotiation
Puente Hills Mall Location For SubLease City of Industry in the San Gabriel Valley
Puente Hills Mall Retail Location For SubLease in the San Gabriel Valley city of City of Industry Just Added, fresh off the press is a sublease of a retail space offered in the Puente Hills Mall. This Retail Space for Sublease is ideal for people who want to test out a concept without being stuck to a long term lease. Sublease is for the next 12 months. Get in now to take advantage of the Holiday … Read entire article »
Filed under: Commercial Leasing
Books & Records and Your Lease Two Factors That Impact the Attractiveness of Your Business to Potential Buyers
Two Tips to Sell Your Business Easier for a a Higher Price In most cases, there will come a time when the timing will be right to sell the business. To maximize the value of your business, you will want attract as many qualified buyers as possible. What are the things you can do to make your business as attractive as possible to maximize your buyer pool? Here are two topics that we’ll address in this post: #1. … Read entire article »
Filed under: Business Tips, Commercial Leasing, Selling A Business
Negotiating Lease Permitted Use Clauses
In a retail commercial lease, an often overlooked part of negotiating the retail lease terms is the Permitted Use clause. What are some elements of a Permitted Use Clause? Exclusive Permitted Use Keeping competitive businesses out of the retail center that you are in is important, so you want to have specific and hopefully, exclusive use rights for the shopping center. What this means is you want to negotiate as specific of an exclusive use clause as you can … Read entire article »
Filed under: Commercial Leasing
Negotiating Lease Assignment Clauses for the Sale of a Business
An often overlooked and under-negotiated clause in any commercial lease is the lease assignment clause. No matter how long your lease is, and how long you plan to maintain ownership of the business, you need to negotiate a good lease assignment clause for proper exit strategy planning. What are some common things to consider in a lease assignment clause? Lease Assignment Fee Landlords will usually write into leases a fee for their time and consideration of your request … Read entire article »
Filed under: Commercial Leasing, Landlord, Negotiation, Selling A Business
Occupancy Costs, Should you Move your B2B Business?
For a B2B business, such as a manufacturing, distribution or service business, Occupancy Cost is the total periodic expense incurred for the right to occupy the physical real estate it occupies. Occupancy Cost is commonly referred to as ‘Rent.’ Rent is more than just the base rent, it also includes all of the NNN/CAM charges that go along with it. See our post on NNN/CAM charges for a greater explanation of these additional expenses. However, there … Read entire article »
Filed under: Business Tips, Commercial Leasing
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
Archives
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010