In commercial real estate, there are different types of leases that one can agree to sign. One of the more common types of agreements is the triple net lease, also known as NNN. Below we shall discuss what a triple net lease is and its benefits.
Posts Tagged ‘ commercial leasing ’
Starting a lease on a new building for your business is a significant commitment. It may be challenging to know where to start. Here, we shall look at factors for choosing a property, what to expect in a commercial lease, and how to know you’re getting a good deal. Overall, this blog post is a brief overview of how to find the right commercial property for lease.
Have you been considering becoming involved in commercial leasing? The process is not the most straightforward, which means you’ll need to do some research before you can get underway. But to help you get started, we’ve rounded up some of our top tips to help you along the way. Because there are so many different aspects to consider this list is by no means comprehensive, but it can help you get on the right track. (more…)
When a business owner signs their first commercial lease, they are taking a big step on their entrepreneurial journey. Commercial leases are similar to residential ones, but they are usually more complex with different variables. Getting the lease right the first time can save you and your fledgling business a lot of headaches down the road. Here are some tips to help you when negotiating your first commercial lease. (more…)
Whether you are just starting your business or are looking for a new space, there will come a time when you need to sign a commercial lease. There are three basic categories of commercial leases: net, gross, and modified gross. In each of these categories, there is a different type of lease. Let’s take a look at net leases and they work. (more…)
Unlike residential sales, commercial sales are a lot more complicated than “when can I move into my new home?” Commercial properties are not about moving into a site, but who is already there. So before signing on the dotted line, here are some questions you should be asking your real estate broker. (more…)
Moving your business to a new location is a tricky affair that requires careful planning and consideration of your business’ needs. You need to choose your location with the utmost care and consider the costs and conditions of your change. Included in this is the choice between buying and leasing. Buying is more expensive, but you own the property and the right to do whatever you need to for the building. Commercial leasing can cost less, but you have less of a choice in caring for the building. (more…)
When you’ve put all of your blood, sweat, tears, and cash into a project like a start-up business, you take your work seriously. Finding the right space to take your business to the next level is stressful. You have big dreams and you want to bring them to life as soon as possible. You’ve probably imagined your store front or office space a million times, and it can be disappointing to realize that you don’t yet have the funds to fully bring that vision to fruition. When you’re ready to delve into the world of commercial leasing, consider these tips.
Crunch the numbers
When your business is just starting out you’ll likely find yourself low on cash and dealing with potential credit issues. Opening a new business can be financially risky and as they say, you have to spend money to make money. When you are looking for a new home for your budding business, it’s important to be realistic and fully assess your situation. Spend some serious time figuring out what you truly can spend on rent each month and determine the price tag on taxes, amenities, and other hidden fees.
When you’re choosing a space, you’ll want to think about your brand. You should think about the location, the look of the building, and the physical amount of space. Look at your current office, and figure out what is and isn’t working. Take this information and create a realistic list of needs and a list of wants. You may find that you’ll have to sacrifice aesthetics for price and location. Realize that you can always find clever and crafty ways to make any space sing.
It is a good idea to contact a professional commercial real estate agent when you start looking for properties. The entire process of finding the right space can take between six and twelve months, so it is a good idea to start your research well in advance. Look into different locations, possible competitors, the history of different buildings, and the right ways to utilize office space. Make a list of every question you have and try to find the answers.
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If you have any questions about Tenant Screening or Property Management, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.
Are you looking for the ideal location for your business or a commercial center? Are you trying to navigate the tricky process of securing a lease for your new property? No matter what your commercial leasing needs may be, Clagett Management has a team of experts that is here to help you.
Commercial Leasing and Property Management
Your commercial property may need to suit a number of different needs. A single building or unit may need to be equipped to handle one, specific business, whereas a larger property might later become a strip mall or series of businesses, or even an apartment complex. No matter the size or scope of your intended project, Clagett can help you through every step of the leasing and management process. Our property management services are ideally suited to property owners, business owners, investors, and landlords who need to have a full and comprehensive understanding of the demands and legalities of their commercial property lease.
It may be that the first step of your process is not yet complete: you still need to locate a property that will serve the purposes of your project. Clagett can help with that as well; on our site, there are always current listings of commercial properties for sale in the Frederick, Maryland area that can help you determine what your ideal location and property type will be. We list properties that can be accommodated by a wide range of budgets, so no matter what you are looking to spend, Clagett will help you to identify the right property for you.
Do you have more questions about commercial leasing in Frederick? Call Clagett Management today for more information and to get started with your next project.
Headquartered in Frederick, Clagett Management provides full service, competitively priced property management throughout the state of Maryland, as well as in Virginia and West Virginia. Our goal is to help you profit from your investment and to free you from the daily concerns of your property’s upkeep and operation.
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If you have any questions and Property Management in Frederick, please contact Clagett at (301) 695-6676 or Click Here. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.