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Is A Meal Delivery Kit Right For You?

Like many families today, we at Howard Commercial are busy balancing our work/family lives. Obviously an important part of that is eating healthy and nutritious meals so the emergence of meal delivery kits caught our attention. They’ve been available for a while but the list of delicious offerings continues to grow. The kits come fresh right to your door and include complete preparation instructions. You can try foods you might not normally come across or purchase and have fun putting the meals together with your family! Check out the the link from Forbes for their...

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Don’t Forget About the Parking!

Before you sign a lease for the perfect new space for your office, make sure you assess the parking situation. Obviously most office buildings provide some type of on-site parking whether it’s a surface lot or a parking garage. You need to determine 1.) is the parking adequate for my needs, 2.) what are my rights, and 3.) if it’s an additional cost, over and above the rent, is it fairly priced. Tour The Parking Facility A necessary part of any building tour also includes touring the parking facility. As you go through with the...

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Benefits Of A Sublease

Finding ideal office space is time-consuming and costly. If you’re faced with a situation where you need to find space quickly, don’t overlook subleasing. A sublease may be the perfect short-term option and may well turn out to be a longer term solution. Listed below are several advantages to sub leasing office space. Sub leases are Short-Term – One major benefit of a sublease is that it’s generally a short-term lease. This allows a company the flexibility of moving somewhere but not committing themselves long-term until they have a better handle on whether the amount...

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How Technology Boosts Commercial Real Estate

Advancements in technology are having a real, positive impact on the bottom line of commercial real estate tenants. While rent costs are fixed, day-to-day office operations have become faster, easier and cheaper to manage. Below are just a few ways to use technology to your advantage and save your company money. Better Control of Utility Costs Technology is making it easier for companies to save money on their utilities. Swapping out incandescent or halogen light fixtures with state-of-the-art LED lights can dramatically reduce energy consumption. LED lights give off less heat so they reduce the...

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Deal Breakers for CRE Tenants

Fees are a common part of real estate contracts so it’s crucial to examine them closely. Do research to find out what the going rate for particular fees are in the market where you’re looking so you know you’re not being overcharged. Also, make sure the landlord clearly explains what the fees are for, when they’re assessed, how much they are and when they are due. If you can’t get clear language added to the contract, move on. Forfeiture of Rights Never sign a contract with language that says you waive your legal rights to...

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Commercial Lease Extension Clause Tips

Searching for commercial office space to rent is a vastly time consuming and costly job. Once you find the perfect space for your company, what if you decide you don’t want or need to move at the end of your lease? That’s why it’s imperative to negotiate a fair lease extension clause in your commercial lease. The following tips will help you do that. Analyze your needs The language in the lease extension clause allows you to renew your lease when it expires if you don’t want to move. When you go to negotiate have...

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6 Steps To Leasing The Right Building

How can you be sure the commercial space you’re looking to lease is the right fit for your company? You may get a better rate if you sign a longer term lease but you wonder if the space will suit your longer term needs. To reduce the risks of a longer real estate commitment there are several steps you can take to help you make to right decision for your company. Research Before Signing Your Lease Before signing your lease make sure you have done your research to find out more about the location of...

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What’s The Best Fit – Class A or Class B Buildings?

In metropolitan areas across the globe, commercial buildings have classifications. One building is considered a Class A building while the building down the block is a Class B building. Why is that? The differences between Class A buildings and Class B building can be found in the rating system established by the Building Owners and Managers Association International (BOMA.) These ratings establish the terms where brokers, tenants, landlords and analysts are speaking the same language about the quality of available office market spaces. Following is some general information about what defines a Class A and Class...

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The Building You Occupy Has Been Sold. Now What?

Here are some things you need to know if you occupy a building that’s been sold. An immediate change that may happen is you will have a new property manager. If so you’ll be notified of the change of address under the notices provision of your lease. Going forward all rent payments and correspondence will need to go to the new landlord or landlord agent. However, under new ownership your lease terms do not change. Your lease is a legally binding document until it expires. Before the sale finalizes you will be asked by your...

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Tenants Need To Know – Who Pays For That?

Typically when leasing office space, most contracts will require that the tenant pays for most, if not all, building operating expenses. However, tenants should not have to pay commissions, improvement costs or depreciation among other things. We found a comprehensive list of those and other items you shouldn’t have to pay for at the Ruminations blog. Check it out! In order to protect your interests in lease negotiations, consider engaging howardcommercial. We know the ins and outs of the real estate transaction including all the provisions contained in a lease agreement. A real estate lease...

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