Conserving energy is important to everyone. Not only does energy conservation save consumers and businesses money, it saves precious resources for future use. Saving energy is much easier than many people think. Insulating homes and commercial buildings, changing to double pane windows, lowering or raising the setting on the thermostat by just a few degrees […]
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Alternative Rental Suggestions
When there are vacancies in commercial buildings, tenants may feel that they are in a good position to seek concessions from landlords on new leases or in exchange for extending or renewing existing leases. Landlords are apt to make deals for two reasons: (1.) The landlord may be facing high vacancy rates, and (2.) The […]
Read more.Landscaping For Profits And Image
Owners and property managers must watch the nickels and dimes as well as the dollars that are spent on the property. Save one dollar in operating costs and (assuming a 10% cap rate) value of the property increases by $10. That is why owners are always looking for new ways to economize. In addition to […]
Read more.Negotiating The Termination Of A Lease
One or both of the parties to a lease of commercial or office space may want to sever the relationship prior to the end of the lease term. A tenant may want to terminate the tenancy, for example, because his business has grown since he first moved in and he requires larger quarters. A landlord […]
Read more.Office Building Comparisons
Newer office buildings may fill up at the expense of older office buildings. Since new buildings cost more to build than the older ones, rents may be higher. The actual dollars-per-square-foot costs must be compared, along with other benefits that the tenant may receive, before a final decision is made by the tenant on staying […]
Read more.The Condominium Conversion
In a recent issue of our newsletter we wrote about the different types of commercial investments that have been converted to condominium projects. The Condo Conversion When an investor is seeking an investment in a new condominium project, the possibility of purchasing an existing rental property for conversion to condominiums should be considered. While building […]
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