The lease agreement is almost fully negotiated. You are down to the final one or two issues to wrap it up. The issue? The tenant wants the right to enter the premises prior to the commencement date (and during the landlord’s renovations) to perform...
Retailers aren’t the only type of tenant that prioritizes advantageous signage. Major office building tenants like banks or financial firms may also demand special name and signage privileges, sometimes in return for renting a large block of space. Most commonly, a tenant will want the...
The International Property Measurement Standard for Offices (IPMS for Office Buildings) took effect last month, creating a uniform method for measuring property globally. By replacing dozens of standards around the world, the new standard is expected to eliminate confusion, inconsistencies, and...
Shopping center patrons and office park workers in Fairfax County, Va., have a hunger for food truck fare. But strict zoning rules–including a $16,375 fee—were making it difficult for food trucks to get the county’s permission to operate. Earlier this month, however, the county...
In the last few years, the rise in medical office tenants leasing at retail properties or in office buildings has been a good development for many commercial owners. That’s because the pool of prospective tenants for dark space has widened, in some cases cutting down on vacancies. But...
You may have to give in if a strong tenant demands the lease right to assign or sublet to its affiliate—that is, a company the tenant controls or that controls the tenant—without your consent. The tenant probably will argue that an assignment or a sublet to its affiliate is no big...
If you have a tenant that fails to pay its rent, you may decide to send it an eviction notice so that you can kick it out of its space—and even start the eviction proceeding. But if the tenant pays you some—but not all—of its overdue rent after getting your eviction notice (and...
Q: My shopping center tenants are looking forward to the upcoming holiday season, when their businesses typically have more customers—and higher profits, which also benefit me by boosting the percentage rent I can collect. But foot...
The commercial real estate industry is up in arms over a New York City Council bill that aims to change the city’s commercial lease renewal process. One effect of the proposed Small Business Jobs Survival Act would be the creation of a new city-supervised mediation program for lease...
