Tenant Representation Best Practices (158)

CRE Mistakes Series: Opening Multiple Offices Across the Country at Once

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. Sometimes a business will win an account, and in order to fulfill their contract they need to open three new offices in 30 days. […]

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Story State Of Michigan

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 Challenge: The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under […]

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CRE Definition Series: Evergreening Clauses

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. Ever greening Clause Definition: Most leases have an end date with an option to extend the lease expiration date by sending a written notice […]

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CRE Definition Series: Zoning Codes

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. Every city in the US has zoning codes. These codes outline how a space can be used. For example, doctors often think they can […]

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CRE Mistakes Series: Traffic

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. Traffic mistakes can be critical. If you visit your future business home in the middle of the day and there is no traffic, that […]

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CRE Math Series: How to calculate parking expenses

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. Parking Calculations: Parking costs can get complicated. Depending on the location, you may have some parking spots that are more expensive than others. To keep […]

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CRE Mistakes Series: Don’t forget about phones and internet when moving your offices

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. CRE Mistakes Series: Don’t forget about phones and internet when moving your offices Businesses spend a great deal of time looking for space and, […]

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What is the Benefit of Hiring My Broker Exclusively?

This post originally appeared on Re'Nauta Bell's Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Georgia Real Estate Law requires a tenant to have a statement in writing of their desire to hire a broker to represent them. If you are a tenant looking for commercial space on […]

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Mistakes: The Kitchen

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. I can’t help but peek when I see new spaces being built out in the building that houses the Compass staff. Not long ago […]

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CRE Definitions: Lease Term

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 […]

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Is A Personal Guarantee for Me?

This post originally appeared on Re'Nauta Bell's Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. When entering into a commercial lease, the Landlord often requires a personal guarantee from the business owner, even if they have formed a corporation or LLC, and may refuse to rent the space […]

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SUCCESS STORY: Girl Scouts of Southeastern Michigan

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 Challenge: The Girl Scouts had a long-term lease at the Fisher Building in Detroit Michigan. Their rent was significantly over market and they […]

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CRE Math: Calculating Heating & Cooling

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. If you have a business in Michigan like I do, your heating bills are much more money in the winter than a business that […]

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CRE Math: Calculating Heating & Cooling

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. If you have a business in Michigan like I do, your heating bills are much more money in the winter than a business that […]

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CRE Mistakes: Don’t Fall in Love with a Building while on Tour

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. When looking for space keep your eyes wide open. Put your phone away while doing a walk-through. If the space is an office building […]

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Why Should I Get My Commercial Lease Draft Reviewed by a Real Estate Lawyer?

This post originally appeared on Re'Nauta Bell's Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Regardless of your industry, one of the first and most important agreements you’ll likely sign is a commercial or industrial lease agreement for your business. A lease agreement is also sometimes called a […]

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CRE Mistakes: Building Standards

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. “Building Standards” refer to the finishes a landlord uses in the building. For example, the entry doors can be wood, 8’ or 10’ tall, […]

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How to Hire a Commercial Real Estate Agent

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. In the market for a new office, or have some extra space available? Many people might look in the Yellow Pages, some will ask […]

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Definitions: Tenant

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. “Tenant” refers to a company or individual that leases space from an owner/landlord. Usually money is paid as rent however, sometimes the landlord will […]

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CRE Definition: Tenant Rep

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. A Tenant Representative is a commercial real estate agent or agency that focuses solely on the needs of a tenant, rather than being tied […]

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Your Lease Should Always Protect You

This post originally appeared on Re'Nauta Bell's Blog and is republished with permission. Find out how to syndicate your content with theBrokerList. Although you do your best as a small business owner to forecast revenue and expenses, sometimes there are extenuating circumstances that affect your business’s success or failure. Since leasing office space spans such […]

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AVOIDABLE CRM MISTAKES

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. I often see mistakes businesses make when leasing commercial real estate. Throughout 2018 I’ll share with you some things that are easily correctable, and […]

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MISTAKES: Definition

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. Meet my dog Rocky. He loves people, but doesn’t’t like to be referred to as a sheep dog. Because he isn’t one. Rocky wants […]

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Math Problem

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. I was a terrible math student. How and why I ever decided to get a degree in accounting is a mystery to me! One […]

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CRE Math Series: Hold over fees

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.

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Commercial Real Estate Mathematics Industrial Financial Summary

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.

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Make like Santa Check Your Office Lease Twice

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. You know that holiday song? It’s a tune every tenant should be singing – twice a year. That’s right—Every tenant should check their lease […]

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