Managing and Leasing Commercial Properties by Richard Muhlebach

Author:Richard Muhlebach [Alexander, Alan A.; Muhlebach, Richard F.]
Language: eng
Format: epub
ISBN: 978-1-57203-275-0
Publisher: Institute of Real Estate Management
Published: 2019-03-14T16:00:00+00:00

Property Leasing Parameters

The contract should list the legal name of the brokerage firm along with the legal name of the owner and the specific property or location to be leased. If the property is an entire office building, the building name should be indicated along with the approximate square footage of the space involved. Attaching a plot plan showing the areas to be leased is useful.

The specific asking rents may be indicated, along with the parameters for leasing (e.g., triple-net lease, base-year lease, five-year term, no options). The asking rent provision also generally indicates “and such other terms and conditions acceptable to the owner of the property.”

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