Commercial Leases: Common Area Maintenance
One component of net rent is the Common Area Maintenance (CAM) fee that a landlord includes in the commercial lease. CAM is considered part of the landlord’s operating expenses and overhead and often appears in commercial leases. CAM expenses usually include hallways and stairwells, elevators, lobbies, parking lots, landscaping, and any building security costs, depending on the type…
Negotiating In Earnest
Buying or selling real estate in Florida often entails the inclusion of an “earnest” deposit, an agreed-upon amount usually placed in escrow by the buyer during the negotiating process as a sign of goodwill between the parties and an intention to complete the negotiations. Once the transaction closes successfully, the earnest deposit is often applied…
What Exactly Is Commercial Real Estate
Commercial Real Estate (CRE) is a property that produces an income, whether rented or sold for a profit. It covers everything from apartments in your neighborhood to downtown office buildings and your local grocery store. According to Reonomy, Florida has just under three million commercial properties of all types. Of those, the most populated county,…
Common Pitfalls Of Commercial Real Estate Deals
Commercial real estate investors want to turn a profit. If you have long-term goals but lack a plan for the property you want to buy or don’t consider all of the risks involved, you’ll face some roadblocks. New and experienced investors can run into issues along the way. It’s better to get all the advice…
The Essentials Of Escrow For Home Buyers
When a home buyer makes an earnest money deposit, it shows their intent to purchase. They do it to establish trust or “good faith” that they will complete the agreement and prevent other property offers. The deposit also gives the buyer time to finish any approval processes necessary for a loan, get a property appraisal,…
Should I Hire A Real Estate Lawyer Or A Real Estate Agent?
Whether you are buying or selling real estate, you want your transactions to go smoothly at a fair price. In a commercial or residential real estate deal, you can hire an agent, an attorney, or both. Let’s look at the services they provide buyers and sellers. How Real Estate Agents Represent Their Clients Real estate…
