The Agony of Default
As economic conditions deteriorate and rate hikes start impacting the bottom line for many businesses, lease default becomes a very real fear for landlords and tenants. Whether you’re a tenant or a landlord, finding a solution becomes imperative when a default is looming – or has already occurred. The most important thing in any default […]
Receiverships Offer Flexibility when Foreclosure Looms
You might have heard the term “receivership” when it comes to a commercial real estate asset that is in financial trouble. But what is a “receiver?” How does that work? A receivership is a possible alternative to a CRE foreclosure or default. The receiver is a court-appointed agent who becomes the ad-hoc property manager while the […]
Skip These Risky Lease Terms and See What Works Better
As a property owner, it’s important to be aware of lease terms that can potentially hurt your revenue in the long term. In a multi-tenanted building with common area spaces, account for the shared spaces through a load factor (find out how to calculate load factor step-by-step here). The leasable square footage should take into account any storage […]
