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Assuming
leases
Sometimes business tenants can be induced to relocate if you assume
their present lease. A creative investor can cut losses on their
own property by acquiring the new tenant and leasing out the tenant’s
old space.
Name that building
Consider offering to name the building after a major tenant you
are trying to attract.
Tenant equity
If the owner of a commercial property really needs a major tenant,
that tenant may be in a position to negotiate a lease which includes
an equity position in the property.
Other
leasing provisions
Property owners should also consider adding or clarifying the following
provisions in their lease agreements:
Design approval
Assignment or subletting
Use of premises
Noise
Leasing of raw land for storage
Weight restrictions
Injuries on the premises
Number of occupants (generally a residential
provision)
Anti-competition clauses
Attorney’s fees
Guaranty of lease
Security deposit
Holdover clause
Fire damage
Electrical service
Right of inspection
Option (to purchase)
Phone
Address
Email
Tel: 310-285-7515
Fax: 310-271-9204
301 N. Canon Drive,
Suite 215,
Beverly Hills CA
90210
