Frequently Asked Questions
Should I buy or lease?
Like with most things, the short answer is “it depends.” To learn more, read our blog post on the pros and cons of leasing versus buying commercial real estate
When should I start looking for lease space?
a. A good rule of thumb is 9-12 months prior to lease expiration. This will give you ample time to identify a space, negotiate a lease and have the tenant improvements completed prior to moving.
b. To learn more, check out our blog post.
b. To learn more, check out our blog post.
What are the different types of lease structures?
a. Triple Net, or NNN, is a lease in which the tenant will pay all expenses associated with operating the property with the exception of the building structure.
b. Gross Leases are when the landlord pays the real estate taxes and property insurance.
c. There are modified versions of the Gross Lease to the point where the landlord pays all expenses, which is considered a Full-Service Lease.
d. To learn more, check out our blog post.
b. Gross Leases are when the landlord pays the real estate taxes and property insurance.
c. There are modified versions of the Gross Lease to the point where the landlord pays all expenses, which is considered a Full-Service Lease.
d. To learn more, check out our blog post.
What is a sale/leaseback?
a. An asset that was previously owned by the seller is sold to someone else and then leased back to the original owner for a period. There are multiple reasons to consider this type of transaction.
b. To learn more, check out our blog post.
b. To learn more, check out our blog post.
How are building improvements addressed between landlord and potential tenant?
a. Typically, the landlord will provide a per square foot dollar amount as an allowance for the tenant’s use toward improvements.
b. To learn more, check out our blog post.
b. To learn more, check out our blog post.
Who pays for the brokerage services?
The quick answer is: it depends. In most cases, the seller/landlord pays the sale/leasing commission to the broker(s). This is the case even if the broker is representing the buyer/tenant and not the seller/landlord. However, there are some exceptions where the buyer/tenant will be responsible for paying their own broker a fee.
The most important thing is to have all parties disclose who they are representing in each transaction. State of Ohio law requires the broker to present you with an Agency Disclosure and Company Agency Policy forms as soon as possible, which disclose their fiduciary duties to you.
The most important thing is to have all parties disclose who they are representing in each transaction. State of Ohio law requires the broker to present you with an Agency Disclosure and Company Agency Policy forms as soon as possible, which disclose their fiduciary duties to you.
