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There are unique considerations in leasing space to a physician or medical group that don't come into play with standard office leasing. You should address those issues specifically in your lease to avoid unnecessary ambiguities.
When negotiating a lease with a prospective tenant that plans to operate a restaurant it considers to be a “grill shop,” the tenant may demand that you agree not to rent space in your center to another grill shop. But if you agree to such a restriction, you may be unable to rent space to more potential tenants than you realize. And, because the term grill shop is vague, you may end up in a dispute with your tenant over what type of tenant the restriction pre...
If you're like most owners, you're searching for new leasing strategies to increase your rent revenues. Here's one to consider if you're negotiating a percentage rent lease with a retail tenant that doesn't have a lot of negotiating power, suggests Florida attorney Oscar R. Rivera: Have the lease say that if the tenant pays percentage rent in a given lease year, in the following year it must pay a new annual minimum rent that includes that percentage...
On Oct. 3, 2008, President Bush signed the Emergency Economic Stabilization Act of 2008 into law. This so-called bailout package is considered a necessary evil to move our economy in the right direction, but experts warn that it's far from a quick fix and expect the turnaround to be a slow and painful process. As a result, you'll probably see a significant rise in vacancy rates and more hesitation on the part of prospective tenants that had previously been looki...
When negotiating a lease with a prospective tenant, you may agree to give one or more special perks to entice that tenant to sign your lease. For example, you may agree to give it free-rent concessions, building naming and signage privileges, a right of first offer, a cotenancy right, an exclusive, or a renewal option. These are perks that you would want only your most desirable tenants to have.
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