by Jenna Zebrowski | Jul 6, 2022 | Commercial Real Estate
The GLA should refer to the entire property, including the space that each tenant occupies, and any common or shared areas, such as parking lots, restrooms and hallways. The GLA is the denominator in the equation the landlord will use to determine a tenant’s...
by Jenna Zebrowski | Jun 30, 2022 | Commercial Real Estate
The three “nets ” or payments (besides rent) for a commercial real estate lease are: taxes, insurance, and common area maintenance/operating expenses. A lease agreement with base rent, plus the net payments, is referred to as a triple net, or NNN, lease. Is...
by Jenna Zebrowski | Jan 30, 2020 | Blog, Commercial Real Estate, Landlord
If it’s not in writing, it doesn’t exist! During your time as a landlord, you’ve probably entered in to an oral lease agreement at some point. If you’re a new landlord, you’ve probably been tempted and have now searched the Internet asking, “Is an oral lease agreement...
by Jenna Zebrowski | Jan 7, 2020 | Blog, Commercial Real Estate, Tenant
It’s easy to enter into an oral lease agreement with your landlord. There are no confusing documents to read and no formal rules. But easy doesn’t mean smart. Let’s look at why you need a written commercial real estate lease. Your monetary investment doesn’t come...
by Jenna Zebrowski | Dec 21, 2019 | Blog, Commercial Real Estate, Leasing, Tenant
When a tenant enters into a commercial real estate lease, there is often a request for the tenant to sign a personal guarantee. The Balance Small Business explains that, “Before a bank lends money to a startup business, they often require additional guarantees in case...
