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Category: Real Estate
In a commercial leasing, tenants depend on their landlord for a variety of services including – utilities, parking lot maintenance, landscaping, janitorial and security services, snow removal costs, and maintenance and repair of common areas (elevator, hallway, sidewalks). These fall under operating expenses that landlords recover as CAM expenses from their tenants. While CAM expenses
The Covid-19 pandemic has had a disruptive impact across every industry sector but hardly in the way, it has impacted the real estate sector. The commercial leasing business especially has been severely impacted with businesses largely adopting the work-from-home approach, most commercial buildings have remained mostly unoccupied since March 2020. While the sector is starting
Lease abstraction is one of the key and fundamental part of commercial real estate industry. As you are aware, lease abstracts are summary of most important details of a lease presented in an easy-to-read format. It allows commercial real estate property owners to stay on top of key data points across their lease portfolio –
There is no other industry sector as dynamic as the real estate industry. It is characterized by varying risk factors and unique challenges, where industry players are continually striving to optimize profit while navigating the volatile market space. One of the key requirements of doing business effectively is to have complete operational control and process
Introduction Organizations typically enter into long-drawn lease deeds and agreements for occupying office spaces to carry out their operations. These documents contain complex terms and incredible detail. They are often unstructured and contain references to various schedules, annexures, and other ancillary documents that one must read in their entirety. In the retail and healthcare sectors,
Commercial leasing is the backbone of any business which is of course regulated by detailed contracts. Depending on the size of the firm and type of business, these lease contracts vary in type and volume cover extensive and various aspects of the contractual business engagement. Considering the dynamic and volatile nature of the commercial lease,
Whether you are looking to rent a space in a large retail space or a smaller strip mall or a building at the heart of a booming business district. Signing a commercial lease is a tedious and intimidating process, especially if it is your first time. There is a lot of information and much has
Many real estate companies are struggling to tap into newer opportunities and retain and gain market share in the face of rapidly changing industry landscape, new entrants, and intensifying competition. It is mostly because their in-house resources are swamped with performing routine administrative and property management tasks to meet the growing reporting and compliance requirements
Accounting is a critical aspect of any business. It is central to maintaining books, cash flow, supply chain, and above all keep a track of every monetary transaction and aspect. It helps businesses gain complete visibility into and maintain the financial health and plan and strategize to drive profitable outcomes. The importance of accounting is
Every law firm may not have a dedicated leasing team to handle all things related to commercial lease. That said, lease abstracts play a critical role in managing real estate investments, acquisitions and even litigations. These summaries provide key business, financial and legal data extracted as per due diligence requirements and standards. While gleaning information