REoptimizer^® Blog

Modified Gross Lease is a type of lease where both the landlord and the tenant are responsible for paying a property’s operating expenses. Under this type of lease, a commercial real estate tenant takes the responsibility of paying for the base rent and a few operating costs such as utilities, interior maintenance. Modified gross leases are often used for commercial spaces where there is more than one tenant.

If your commercial lease is coming to an end in the near future, it's vital that you begin to consider what course your business will take. Like initial leases, commercial lease renewals are complex and must be approached carefully. To assume the best outcome for your company, avoid making these all too common mistakes.

Commercial leases are dense, complicated documents that can be difficult for those without a legal background to get through. Still, it's vital that you take the time to thoroughly read your lease and have it reviewed by an experienced attorney. The first draft of a commercial lease typically favors the landlord, but the following clauses can provide protection for your company.

Guest blog by Samantha Rupp.  Samantha holds a Bachelor of Science in Business Administration and is the managing editor for 365businesstips.com. She lives in San Diego, California and enjoys spending time on the beach, reading up on current industry trends, and traveling.

Working from home has become the new normal across the United States, with workers telecommuting to jobs they used to go into the office for. While that definitely has its perks — who doesn’t love lounging in sweats all day? — it also comes with a few drawbacks.

Many corporate tenants lack sufficient cash flow even though they are still fully or partially operating, due to the COVID-19 pandemic. Hence, it is essential that corporate tenants must act swiftly. Here are a few practical steps that you can take during this pandemic:

Negotiating your commercial lease goes well beyond getting the right rent for your space and the perfect lease term. As you and your tenant representative work through the proposals you get from landlords, make sure that you pay attention to all of the details. While this isn't a comprehensive list of what you should consider, here are eight things that are easy to miss -- and that make a big difference.

Guest blog by Patrick McAteer. Patrick is an MBA student at the University of Southern California and an intern with Nodus Office Movers, a commercial moving company based in Orange County. He also works as a freelance writer specializing in office moving, office design and workplace culture. In his free time he enjoys reading, cooking and following Pittsburgh sports teams. 

An office lease is a long-term commitment. The initial term can easily last from five to ten years, but that's just the beginning. Since spaces are expensive to configure, moving addresses is a challenging process that involves additional cost and complexity, and the future is unclear, it's usually in your best interest to choose a space that you CAN stay in well beyond your lease's expiration date, even if you decide to leave. With this in mind, it's really important to get the right space on the right terms. Here are six ways that you can avoid signing the wrong office lease.