Lease administration is one of the most commonly misunderstood aspects of commercial real estate.
Planning to purchase a commercial property? Before you sign the closing documents, it’s essential to ensure that you know what you’re getting into!
Coming from a year where the United States’ unemployment rate peaked at 14.7% in April, businesses are having trouble staying afloat. And, many real estate owners are having trouble filling vacant commercial units.
As owners/landlords, we’ve all been holding our breath a bit for the start of April 2020 and rent collection. But, it is not just us. Lending institutions all over the country are waiting as well.
Creating a well-written, well organized commercial lease will save you time and a whole lot of hassle.