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Commercial real estate (CRE) investing is something that many look at when they diversify their portfolio. Typically involving large sums of money, it is common for investors to look at real estate investment trusts (REITs) or fractional ownership with a group. The...
Real estate with an easement is not unusual and can be an excellent investment. Still, the buyer should understand exactly how the easement affects the value before closing the sale. An easement is a legally binding agreement that allows non-owners or non-occupants...
Whether opening a business, expanding it or moving it to a new location, shopping for a suitable new space is important. Once you select a space, it is time to review the landlord's commercial lease. These are often lengthy with a lot of legal jargon, but it is...
Contracts are the lifeblood of any practical business model. Companies use them to hold others and themselves accountable for every transaction or deal. Many will feature different clauses to address potential issues specific to the agreement, and one of those is a...
Different property owners will have various leases. They likely will vary by building or space. How the owner will inform tenants will likely be based on local and state regulations and conditions outlined in the agreement. It is important to remember that owners must...
Builders use different types of contracts. For example, some builders will bill by the hour, while others will quote the price in advance and charge that amount. The latter approach is known as a fixed-price contract. These are incredibly common, but the builder and...
Developers have a long list of priorities when launching new building projects. At the very top of that list is likely location and recognizing a need in a market for the project, which can better ensure the property is a lucrative investment of effort, time and...
Real estate buyers may ask for certain concessions to make the deal more appealing, or the seller may offer them to sweeten the deal. This can involve lowering the price or adding other benefits the buyer wants. Conversely, the seller may not want to provide the...
Many assume that the commercial real estate market is dipping amid work from home orders and the challenges of hiring and maintaining staff or closing altogether. However, 2021 was a strong year for commercial property and 2022 looks to build on that success. Reasons...
The pandemic has impacted businesses in many ways. There are supply chain issues that can prevent regular operation. There are challenges in finding new hires to replace departing staff. There are economic downturns and inflation. These are all common reasons for not...