Should I Sign a Long or Short Term Commercial Lease? (Pros/Cons)
Where do you see yourself in ten years? Do you know?
Short or Long Term Leases: Which Is Right for You?
You have a lot to consider when you’re looking to establish a new office or relocate an existing one. In addition to thinking about location, size and other characteristics of prospective spaces, you need to figure out just how long you want to commit to remaining in your new space. Whether a short or long-term […]
Pros & Cons to Signing a Long-Term Commercial Lease
What You’ll Learn from the Article: Benefits of signing a long-term commercial lease, including rent abatement, tenant improvement allowance, and increased negotiation power. How a long-term lease provides stability and potential for expansion. Drawbacks like complex negotiations, lack of flexibility, and greater risk. The potential for increased maintenance costs and missed opportunities with a long-term […]
Knowing the Different Types of Commercial Leases
In this article, you’ll learn: The difference between direct leases and subleases, and their advantages. How short-term and long-term leases impact flexibility and costs. The key differences between gross and net leases regarding expenses. The importance of reading your lease to avoid hidden costs. Commercial real estate leases aren’t created alike. $20 a foot isn’t […]