Navigating Commercial Property Leases: A Tenant's Guide To Leasing Commercial Property ebook

by Bob McComb

Bob McComb started his successful brokerage career in commercial leasing in the San Francisco office market in 1985. He quickly rose to the ranks of a top producer, representing owners of high-rise towers and office tenants. He has been the leasing agent for the landmark building, the Transamerica Pyramid and scores of other buildings. In 1991 he became a founder of a well-respected commercial real estate company in San Francisco.

It De-mystifies the commercial leasing process for the commercial tenant

Navigating Commercial Property Leases: A Tenant's Guide To Leasing Commercial Property. It De-mystifies the commercial leasing process for the commercial tenant.

Navigating Commercial Property Leases: A Tenant's Guide To Leasing Commercial Property. This book was the BEST, with clear explanations, strategies, and usable checklists. Mr. McComb has a way of explaining the subject that helps to clear the questions from your mind. Wayne GralianWayne's World of Books, Krakow RPGs. Thousands of copies sold. Published by Thriftbooks.

Additional resources on this topic: Navigating Commercial Property Leases: A Tenant’s Guide to Leasing Commercial Property, by Bob McComb. Negotiate the Best Lease for Your Business, by Janet Portman and Fred Steingold. Pursue Your Company's Best Ideas. Follow your passion and we'll follow your lead, with Cards and funding to help you grow your business and your rewards.

But commercial property loans come with their own unique set of rules and factors that affect how much you can borrow and what .

But commercial property loans come with their own unique set of rules and factors that affect how much you can borrow and what you’ll pay to do so. So what is a commercial loan, and how does it differ from a home loan? Jonathan Kline-Spink from Market Street Finance sheds some light on the ins and out of commercial loans, commercial loan interest rates and other details it’s important to know before signing on the dotted line. Commercial loans can also attract additional fees that are not charged on residential loans, and commercial property valuations will also generally be more expensive than having your home valued.

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A commercial lease agreement, or business lease, is a formal document between a tenant and a landlord with business property for rent. Make money off an office space or consignment booth rental by downloading our free, printable commercial lease agreement. Free Commercial Lease Agreement. Our attorney-crafted Commercial Lease Agreement formalizes the leasing relationship between a landlord and a tenant to rent business property. Select your property type to get started. Create a Document in 3 Easy Steps.

Unless the tenant rep broker has represented tenants leasing from that landlord in the same property, he or she . Likewise, if a tenant has numerous locations and a standard lease form, the situation is pretty much set, except that the tenant may use different lawyers in different states.

Unless the tenant rep broker has represented tenants leasing from that landlord in the same property, he or she has a longer learning curve. In the case of a retail facility, he or she must ascertain whether the location of the particular shopping center is conducive for attracting the type of clientele the client caters to and whether the parking is adequate.

The commercial lease agreements are not really subjected to consumer protection laws, governing the residential leases. For instance, there are neither any rules for protecting the tenant’s privacy nor are there caps on the security deposits. Long-term and Binding. The commercial lease agreement is a long-term one which makes it difficult for you to break or changes the agreement. Also, it is a legally binding contract involving money. While the residential lease agreement may be both, short-term and long-term.

This book is written to de-mystify the commercial leasing process for the commercial tenant. Today the Internet offers commercial tenants access to multiple data bases of commercial space for lease, more and more of which is offered directly from the owners of the property. Many of these owners have a strong background in real estate which most commercial tenant's lack. Ive observed that many times when a prospective tenant finds space on their own they simply do not know how to go about leasing the space and must rely upon the owner or the owners broker to get them through the process. Sometimes this works, but because of the inherent tensions between landlord and tenant in a negotiation the transactions often fail. This guide will help equalize that situation and show you what to do and how to proceed when you want to find an office, industrial or retail space to lease on your own.

Whether you are leasing commercial property on your own or using the services of a broker, this book will serve you well because leasing is a very different kind of real estate transaction. In most real estate transactions some form of binding agreement is made early in the process, such as in the purchase of property. A buyer tenders an offer in writing with a purchase contract and deposit receipt to seller. The seller either accepts the offer or counter offers go back and forth until there is acceptance. When the terms of this binding contract have been met the property transfers to the buyer. While this some times happens in leasing, most often, a series of non-binding proposals go back and forth outlining general business terms and at the end of the leasing process a rather lengthy contract is produced. This contract, when executed, defines the ongoing rights and obligations of the parties to each other for a period of time. During the time the contract is being negotiated, reviewed by legal counsel and finally completed, there is much to do and much that can go wrong.

This book will take you through the steps involved in the leasing process; teach you about the most important business points in a lease negotiation; show you how to create winning proposals; and give you some useful negotiation tips. Ive also included some useful checklists and defined the jargon for you. Leasing commercial property on your own is not overly complex, but it does take some knowledge and skill. Not surprisingly, the owners or their brokers will have that knowledge and skill, however, you must level the playing field and this book will help you do that. Lease transactions are interesting and can be fun and creative. My hope is that with the help of this book leasing a commercial space will be fun for you too.

Akinozuru

You can find most of this information on the web if you look for it and as the book mentions it too you will need an attorney to draw up the lease and they can help give you all this information too.
However this book puts most of the information into one place and gives you a starting point and the basic information you need to know. As that it was worth reading it. Its an easy read and can be done in one sitting. Would also be a good reference for later. I'd say if you can buy it used for under $10 its a good value, this will be the least expensive part of your leasing process.

Buzatus

Recently, I read through several of the leading books on the subject of Commercial Property Leases, a subject that was a complete mystery for me. This book was the BEST, with clear explanations, strategies, and usable checklists. Mr. McComb has a way of explaining the subject that helps to clear the questions from your mind.

Usanner

This concise and easy to read guide for leasing commercial space is a must read for any business owner or executive who is interested in understanding the basics of a commercial lease. Any search for new space and the lease negotiation process will go much smoother. Being educated in these matters will save some serious money and time. Any industrial, retail or office space user will benefit.
All nuts and bolts...no puffery...should be required reading for all business students. Highly recommended! A very good investment!

Drelahuginn

Please ignore the one star review from Mr. Hansson, as he is obviously and shamelessly promoting his own brokerage business by slamming the legitmate work of others. He has never actually purchased a copy of the book. The book has been reprinted several times and there have been thousands of copy sold. It is just right for those seeking a fast overview of the leasing process to manage a trainsaction brokered or not.

Sharpbrew

Attention: Any one entering the Commercial Real Estate business must have this Book. It's the best book I have read on Commercial real estate concerning leases and in general.

Very enlighting for the novice or experienced broker. Excellent choice for tenants who are considering relocating to another office or want to renegotiate with their present landlord. Very informative to all who are in any profession.

Mike N.

Jugore

This book is too general to serve any real user of office space. You would be better off educating yourself on the market and how to negotiate effectively through free web sites such as Pikenet, and Starboardnet.com.