Letter Of Intent: A Key Document in Commercial Real Estate What Is a Letter of Intent? A Letter of Intent is a non-binding letter that states a future plan. In some markets, it's called a Proposal or a Memorandum of Understanding.  The Letter of Intent or LOI is utilized in a slew of different situations. Here are a couple of the most common uses:  The Letter of Intent is used to outline the key aspects and relevant information for a proposed transaction.The Letter of Intent signifies that a party is committed to moving forward with a transaction.The Letter of Intent [...]

Reasons Why You Should Invest in Commercial Real Estate Instead of Residential One of the best ways to grow your wealth and achieve financial security is through property investment. Of course, it takes a lot of time, research, and effort to find success in the process, but if you play to your strengths, everything should work out. When it comes to investing in real estate, you have two options, commercial or residential. Now, both have their advantages and disadvantages. However, it’s strongly recommended that if you can, go for commercial real estate. Some people might think it’s more expensive, complicated, [...]

What Every Commercial Real Estate Landlord Should Know About NNN Leases From the perspective of an owner, triple net leases are one of the most attractive types of leases as it offers several advantages, most especially from the landlord’s end. If you have a commercial property open for leasing, you should know more about NNN leases, as this can add value to your business and change how you manage your property.  In this article, we will discuss everything you need to know about this type of agreement, from what it is about to its pros and cons. Read on to [...]

What Are NNN Leases in Commercial Real Estate? There are so many factors to look at and assess when you’re looking for properties to lease for your business, but that’s also the same case for those owning them. No matter what side of commercial real estate you’re on, there are some common things that both parties have to get into. For example, there’s the leasing arrangement. A lease is considered a legally binding agreement that contains the terms and conditions of the property transaction. One type of lease arrangement that people may encounter a lot while looking for a place [...]

Thinking About Renewing Your Commercial Lease? Here’s What to Know At the end of a commercial lease, there are two options to explore: to renew or not. This simple question is more complicated than many people think. It's not just a matter of whether you could afford to continue or whether renewing would be convenient, comfortable, and fun and where you want to spend the next few years for your business.  So, when is the best time to renew your lease, anyway?  In the Middle of the Lease Term Yes, you can renew a contract during the lease. You only [...]