Career in Real Estate | Commercial Leasing Tutorial | @AnotherViewpoint

Certainly! Here’s a concise tutorial on commercial leasing, covering key concepts, types of leases, and important considerations.
1. *Understanding Commercial Leasing*
**Definition**: A commercial lease is a contract between a landlord (lessor) and a business tenant (lessee) allowing the tenant to use a property for commercial purposes.
2. *Types of Commercial Leases*
**Gross Lease**: The tenant pays a flat rent, and the landlord covers all property expenses (e.g., maintenance, taxes, insurance).
**Net Lease**: The tenant pays a lower rent but is responsible for some or all of the property expenses:
**Single Net Lease (N)**: Tenant pays rent plus property taxes.
**Double Net Lease (NN)**: Tenant pays rent, property taxes, and insurance.
**Triple Net Lease (NNN)**: Tenant pays rent, property taxes, insurance, and maintenance costs.
**Percentage Lease**: Tenant pays a base rent plus a percentage of sales, commonly used in retail settings.
3. *Key Lease Terms*
**Lease Duration**: Specifies the length of the lease, typically ranging from 1 to 10 years or more.
**Rent Amount**: Outlines the base rent and any escalations (increases) over time.
**Renewal Options**: Terms that allow the tenant to extend the lease after the initial term.
**Use Clause**: Defines what the tenant can and cannot do with the space.
**Maintenance Responsibilities**: Clarifies who is responsible for repairs and maintenance.
**Default and Termination Clauses**: Specifies conditions under which the lease can be terminated.
4. *Negotiating a Commercial Lease*
**Research Market Rates**: Understand current rental rates in the area.
**Seek Legal Advice**: Consider hiring a real estate attorney to review the lease.
**Be Clear on Terms**: Ensure all terms are clearly defined to avoid ambiguity.
**Discuss Improvements**: Negotiate tenant improvements or build-out allowances.
5. *Important Considerations*
**Zoning Laws**: Ensure the property is zoned for your intended use.
**Insurance Requirements**: Understand what types of insurance you need.
**Exit Strategy**: Know your options for exiting the lease if necessary.
**Property Condition**: Inspect the property thoroughly before signing.
6. *Conclusion*
Commercial leasing can be complex, but understanding the types of leases, key terms, and negotiation strategies can help you secure a favorable agreement. Always consider seeking professional guidance to navigate legal nuances and protect your interests.
Feel free to ask if you need more detailed information on any specific aspect!
Contact for more:
Phone: [phone]
Email: [e-mail]
Address: Yards Capital, SCO-39, First Floor, Mohali Citi Square, Zirakpur, Mohali 140603
Website: www.yardscapital.com

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Very informative 🎉

[@RajanGiri-n4t]

Best guide for leasing consultant

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[@navdeepanand9587]

Again, very Practical, realistic & informative video from Panday, Sir.

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