Common Area Maintenance (CAM) reconciliation is an annual process that is required for many commercial property leases. The process often elicits a grimace from those conducting this activity each year. …

Do you send out a lease commencement letter at the start of each new lease? Here’s what you need to know about this important piece of landlord-tenant communication. Why You Should Send a Lease Commencement Letter Good communication is the foundation of any successful relationship. The landlord/tenant relationship is no exception. …

To ensure that your lease agreement contains all the necessary parts, keep reading and learn about the essential elements of a commercial lease. When leasing a commercial real estate space, it’s crucial to formally explain all the elements of the deal in a Commercial Lease Agreement. This detailed document will…

If you’re a commercial property owner, you need to be tracking every improvement and repair that occurs on your properties. While that might sound like a lot of extra work, the benefits are well worth it! …

To keep the cash flowing, it’s essential that you’re able to collect rent payments from all your tenants — preferably by the first of the month, every month. However, in the real world, rent collection doesn’t always work perfectly. If you’re a commercial real estate owner who is struggling with…

Commercial property management necessitates a constant flow of information. When you manage multiple units, it can feel overwhelming. Each unit has a unique lease with its own deadlines, detailed clauses, and issues that will arise. Whether you rent retail spaces, multifamily properties, or office spaces, here are some of the…

Radius restriction clauses are often found in retail, hotel, and restaurant commercial lease agreements. As a commercial real estate owner or property manager, you need to be aware of any restrictions that may be present. Here’s what you need to know about tracking radius restrictions in commercial leases. What Is a Restriction in a Commercial Lease? Some commercial…

Negotiating a commercial real estate lease can be the most challenging part of buying or selling. Yet, negotiating the terms of the deal is necessary for long-term business success. Additionally, the outcome will define the relationship between the renter and the landlord in the months to come. Often, successful negotiations…

It’s a fact of life that prices increase. The cost of commercial property management — and subsequent rent — is no exception. Lease rate escalations are common clauses built into commercial leases allowing for automatic periodic increases on a tenant’s rent. This clause has been known by many names: an…