There are three main types of commercial lease agreements: gross, modified gross, and net. Each one has its own set of benefits and drawbacks, so it’s important to understand the differences before signing a lease agreement. A gross lease eliminates exposure of cost increases to the tenant. A modified gross lease exposes the tenant to some risk of cost [...]
Disasters from fires, floods, tornados, hurricanes, earthquakes impacting the users of commercial real estate can result in a devastating impact to both Landlords and Tenants even if they are all well insured. Landlords and Tenants obtain insurance policies, but insurance proceeds will only reduce a portion of the financial risk when faced with a significant casualty event. Did you [...]
Many roof contractors will give you a free or low-cost inspection report and provide recommendations for repairs and replacements. With 30 years of experience in managing large portfolios of commercial real estate, I eventually became convinced having a consultant led approach is typically best. Sure – there are many circumstances where you are lucky enough to have a local [...]
