The Importance of a Rent Roll
A rent roll report serves as a comprehensive document utilized by both tenants and landlords to analyze the income generated from their respective properties. It is an essential tool for tenants and...
View ArticleThe CAM Reconciliation Remedy
Common Area Maintenance (CAM) fee recovery from leases can create accounting challenges, causing tenants to lose time and resources during annual reconciliation. Sometimes the recovery can also...
View ArticleWhat is a No-Waiver Clause in Lease?
A No-Waiver clause in a lease serves a similar purpose as in any other contract. It specifies that if the landlord or tenant fails to enforce particular provision of the lease, it does not mean that...
View ArticleWhat is a Lease Abstract?
A lease abstract is a concise, easy-to-read summary of the lease agreement. An abstract is an easy way to relay information to your team. An Abstract encompasses both financial and non-financial...
View ArticleFree Rent Is Not A Free Ride
Free rent, or rent abatement, is common in many commercial office leasing and retail property transactions. Landlords offer free rent to entice tenants to sign leases and to assist with economic...
View ArticleAm I Reasonably Certain to Exercise an Option under ASC-842? How to Know
Frequently, both franchisees and franchisors encounter the concept of being “reasonably certain to exercise an option.” But what does it mean? If you meet this criteria, how can you tell? “Reasonably...
View ArticleCan you owe additional rent after your lease expires?
The landlord retains the right to receive rent from a tenant under the lease even after the tenant has moved out. Owing back rent after the lease expires can be devastating and owing money to the...
View ArticleWhen is the best time to renegotiate my lease?
When is the best time to renegotiate my lease is a complex question. As with any decision regarding your lease including renegotiating a commercial lease; seek council with a qualified real estate...
View ArticleWhat is a lease rider?
A lease rider, a crucial element for a franchisor, is an addendum to a commercial lease. For franchisors, ensuring their franchisees secure favorable lease terms is vital. A well-constructed lease...
View ArticleWhat is percentage rent?
Percentage rent is a leasing arrangement commonly used in commercial real estate. In this arrangement, a tenant pays a base right rent along with an additional percentage of their gross sales. Some...
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