Commercial Real Estate Management Agencies

1. Commercial Real Estate Management Agencies And The Leasing Process

2. Leasing Process • The process of leasing is vital and critical to real estate. however, most property owners are not as well versed in the process and choose to let realtors or commercial real estate management agencies handle the leasing process. because one cannot undermine the importance of constructing a reasonable and near perfect lease it is important to understand the leasing process and what constitutes a good lease that is favorable to the tenant and the lessor.

3. A simple lease comprises of the following a lease defines the responsibilities and rights of the owner as well as the tenant towards the property. this includes financial responsibilities and dues.

5. Thelease pre-defines the rent, late payment penalty and the one time security deposit which is agreed upon by both the lessor and the tenant. • The lease mentions the compensation that the tenant is subject to in case of any damage to the property during his/her stay. Some leases also stipulate the ceiling of liability for the lessor and the tenant.

6. It specifies the role and key functions of the tenant towards maintenance of the property. • A new lease is constructed for every occupancy / property in the construction and not for every individual occupying the property.

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