2022

CAM, which stands for common area maintenance, refers to the expenses tenants pay to landlords of commercial properties. These payments are made to cover the cost of maintaining common areas. Understanding what CAM fees are can help tenants prevent overcharges when negotiating the terms of their commercial property lease and give better insight into how rent is calculated. Usable area This refers to the...

Finding a new office space for your business can be exciting and is also an indication of growth, but it’s important not to get carried away and to consider various factors prior to signing on the dotted line. Taking the time to understand lease terms and how they’ll impact you will also help you negotiate the best deal possible. Here’s everything you should keep in mind prior to solidifying your...

Viewing a number of commercial properties prior to finding the ideal office space is common for businesses. However, even after finding a property that suits a number of the business’ needs, the space may not meet 100% of all the requirements. This is where tenant improvements become beneficial because they allow tenants to receive an allowance that allows them to renovate the space to their liking...

Running a small business is no easy feat, especially in today’s tough economic climate. Being a small business owner also means facing challenges like not having the resources required to hire talent that will help your business grow, administration issues, a lack of time management, and more. The following tips will help you overcome any challenges you may face so that you can thrive as a small...

Landlords have the goal of ensuring that any commercial properties they manage are occupied by paying tenants. Despite this, sometimes properties remain vacant for longer than expected which results in a significant loss of rental revenue. One of the best ways to attract tenants and convince them to sign a commercial lease is to offer rent concessions to fill the property quickly, particularly during...