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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

The bill has faced opposition from significant commercial property associations, including the California Business Properties Association , the International Council of Shopping Centers , and the California Chamber of Commerce , underscoring the contentious nature of this legislation.

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Do You Know WALT (Weighted Average Lease Term), the Commercial Real Estate Guy?

Esquire Property Management Group

Weighted Average Lease Term for Commercial Real Estate Weighted Average Lease Term, commonly referred to as WALT, is an important metric that commercial real estate investors and commercial property managers are well-versed in, or at least they better be.

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management.

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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

A Letter of Intent Must Contain the Deal’s Essential Terms to Be Enforceable While a Letter of Intent (LOI) stating, “Party A agrees to sell its commercial property to Party B and Party B agrees to buy it,” may signal a mutual commitment to a transaction, its mere existence does not confer enforceability.