In this fairly dry, third in a series of three, article, we start off by explaining how deals in CRE are arrived at. Then we move into pragmatic questions to ask / info to know around hidden expenses, offers to lease, tenant installation allowances, beneficial occupation, moving costs, gross and net rental comparisons, deposits and guarantees, sureties, lease admin costs, indirect taxes (VAT), and CPA considerations.
Part 1 of 3: “Soft” considerations
So you’re about to be signing a commercial property lease…
In the insurance industry, you can sign a policy for simple products like life or vehicle insurance, safely and at low cost by yourself. Innovative companies like simply life insurance or naked car insurance have sprung up to respond to this.
But if you’re thinking of business insurance, which is more complicated, you’re going to want to lean on the services of a registered professional.
It’s exactly the same with the incredibly complicated world of commercial property. This article focuses, for purposes of simplicity, on the simple act of signing a commercial property lease on a new property, or renewing your existing lease…
Leases involve big numbers and long term financial commitments. A wrong decision can hurt a tenant for a long time.
To keep things short, this article is first in a series of three is a “don’t leave home without” list of items you need to consider around signing a lease