Which lease is most commonly used for retail properties?

Which lease is most commonly used for retail properties?

percentage lease
A percentage lease is a type of rental agreement that is most commonly executed between a landlord and tenant for the rental of retail property. There are many ways to negotiate a percentage lease.

Can a commercial lease be sold?

For Business Sellers: Be aware that you shall need to approach the Landlord for consent before you can lawfully sell your Leasehold business.

What is TMI in commercial real estate?

T.M.I. stands for taxes, maintenance, and insurance so the first place to start is adding together your property taxes, all of your maintenance and repair costs on the property, and your insurance costs for the most recent year. That makes up your combined annual total of property expenses.

Are there any bank owned properties for sale?

Cates Auction Realty Co. is pleased to present at absolute auction, to the highest bidder selling regardless of price, 15± Acres of commercial Short sale, Cash deal, owner will not carry the note. Located on Main Street in White Sulphur Springs, this community business offers Bulk Fuel delivery, tire repair and mechanic services. If you are…

What should retail landlords know about retail leases?

Retail landlords and tenants should understand what is permitted under the retail legislation regarding their lease terms. They should also understand the consequences of noncompliance with the retail legislation. In some instances, the tenant has a right to early termination or compensation.

Why is square footage important when negotiating a lease?

The exact square footage is important because commercial rent is paid by the square foot. You don’t want to be paying for square feet you can’t use. Measure the space yourself and if it comes up as smaller than what the landlord is claiming, you’ve got yourself a discount on rent.

Is the disclosure of information required in a retail lease?

The law will not interfere with the business arrangements of commercial land and tenants. Disclosure of Information: Retail lease legislation imposes obligations on landlords to provide a tenant with a disclosure statement at least seven days before entering into the lease (except South Australia).

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