Making the decision to lease a property is smart for many entrepreneurs. It gives them a physical location for a business without having to bear the financial impact of a purchase. For those who haven’t ever dealt with a commercial lease, there is a slight learning...
Commercial real estate can be a great investment that diversifies your portfolio and generates passive income. And in New York City, the market is hot right now. But competition is fierce, and if you're a first-time investor, the learning curve can be steep. A single...
Commercial leases are an excellent option for entrepreneurs starting new businesses. They don't need to struggle to qualify for a loan and have the option of transitioning to a new space later when the company grows. Occasionally, those building their businesses...
The rise of digital platforms has made renting out a property for a short stay or entering into informal living arrangements easier than ever. While it may seem convenient, subleasing without approval can create serious problems. Many rental agreements contain strict...
Zoning is very important when it comes to commercial real estate. You need to ensure that the property you buy is correctly zoned for your proposed use. A commercial zone may be ideal for a retail shop that would be prohibited in a residential zone, for example. A...
Commercial leases typically require a multi-year commitment from the business tenant. Many commercial leases last two years or longer. In fact, the commercial leases that persist for five or even 10 years are common. New companies and expanding businesses sometimes...
When debt keeps growing and collection calls do not stop, it can feel like your finances are falling apart. Maybe you have missed mortgage payments, fallen behind on your car loan or maxed out credit cards just to get by. If you are worried about losing your home,...
What makes a perfect tenant? Someone whose rent payment is always on time, maintains their leased space, is respectful of the other tenants around them and never complains. While that may sound ideal, it may not be entirely realistic. And when problems do arise, there...
Scouting for commercial property is a critical step for any business, whether you’re opening a storefront, expanding operations or launching a new venture. It’s more than just picking a location; it’s about aligning your business goals with practical, financial and...
A commercial lease outlines the expectations and obligations of a tenant and landlord. A lease can outline what a business can do to a property, how long the lease lasts and whether the landlord or tenant is responsible for utilities, for example. One of the biggest...
