This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList.
The time in which a landlord and tenant enter into an agreement to lease space. This timing should be identified in lease agreement signed by both parties. For instance, if I leased an office for one year starting February 1, 2018 the lease would expire on 1/31/19. The lease term would be one year.
Lynn Drake's status is well known in the industry: She's the commercial realtor focused on protecting a "true north" for her clients. Lynn’s career has been built on 25 years of commercial real estate experience, which includes 15 years of managing corporate real estate departments. She has completed over 2,500 real estate transactions including office, industrial and retail leases/purchases.
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