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The vast majority of commercial real estate brokers will agree that a triple net lease is a real property lease in which the tenant is responsible for all expenditures, including the maintenance of common areas, taxes, property insurance, and utilities, in addition to the base rent.
Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercialpropertymanagement perspective. For example, brokers, propertymanagers, attorneys all have a duty to carry E&O insurance for their operations.
Regular and fluid communication and tenant engagement events On-demand maintenance and responsive propertymanagement 24/7 responsiveness Incentives for early renewals or tenant referrals e.g., rewards and bonuses Allow and encourage tenant feedback. Offer rent discounts or concessions to attract and retain tenants.
A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller. Nevertheless, it is not uncommon for LOIs to lack a direct and unequivocal declaration of intent.
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