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Most apartment residents do not read the lease. However, they get very upset when the landlord points out details contained within the lease. The lease is a legal document. You should read it.
The landlord is usually willing to fund tenant improvement expenditures provided he is confident the tenant has the financial capacity to pay rent for the term of the lease.
The next step is to visit the office space in buildings that appear to be a good fit. Reflect upon the criteria you initially establish and any issues that may have since surfaced. Take detailed notes while visiting each of the buildings.
Think of searching for apartment like dumping thousands of apartment complexes into a funnel to narrow the selection to just one apartment. You'll only lease one apartment.
Define the building quality, price per square foot and total monthly budget for office space. The office space broker will advise you if your expectations are on realistic.
Apartment shopping in Houston is easy when you organize the process. This article will help you find a great Houston apartment at a great price. It will also make the Houston apartment shopping experience less stressful.
A great retail space for your business needs to be the right type of space in the right location. The previous portions of this article addressed location. This section will address options for the type of retail space.
Lease abstraction is an essential component of due diligence for a multi-tenant commercial property. Lease terms often vary from tenant to tenant. Lease terms and options impact both the quantity and quality of rental income.
The amortized cost of your tenant improvements will be the cost over the term of your lease. To keep matters simple, if you are spending $60,000 to renovate your space, and your lease term is five years (60 months), include $1000 per month for the cost of tenant improvements. The actual cost will be higher to reflect the time value of money.
Parking Research whether the retail space you are considering has adequate parking. Consider both the local Government code and feedback from tenants within the center. Also consider visiting a center four to six times prior to signing a lease.