Archive for February, 2012
Feb
29
what happens if you sign a 5 year lease and you break it?
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Hi, I just started a business and it seems it might not make it. I signed a 5 year lease with this shopping center. What happens if my business fails and I break the lease? Will i have to pay any fees? Or think i can just walk away without paying? Any helpful information will be appreciated.
Thanks
Quick Property Sale
Feb
28
How often should I have shop air conditioning serviced?
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I am currently looking into leasing a shop, the one we are looking at has got 2 air conditioning units. I am just woundering if anybody can help me with these? Things like, How often should I get them serviced?, How much will it cost? How much will they cost to run? etc.
Thank You.
Quick Property Sale
Feb
27
I am not doing good business and pay the rents from my own pocket and not event getting any salary. I tried my best to make this business sucessful but due to its location and lack of traffic I am not getting enough customers.
I can’t go on and pay the rent and other expenses and quickly running out off money.
Kindly some one give me advice to get out of this suitvation.
Thanks
Quick Property Sale
Feb
26
Commercial Real Estate Desirability
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For those who are looking for an excellent way to generate outside income, the commercial real estate industry is a great way to go. Many people have begun to invest in commercial real estate, and since this type of real estate is continually being purchased and sold, it has become an excellent way to invest money for a guaranteed return. Before one becomes involved in the commercial real estate market, it is highly important that they understand the commercial real estate industry and its many surrounding components.
A Basic Definition of Commercial Real Estate
First and foremost, it is imperative that one understands a basic definition of commercial real estate. Essentially, commercial real estate includes various real estate properties that have the potential to be able to generate outside revenue or even income for the owner. Whether the property has immediate potential for generating income or revenue immediately, or perhaps in the future, it can still be labeled as commercial real estate.
A Desirable Investment
Commercial real estate is an excellent choice for investors for a variety of different reasons. One of the main reasons that investors find commercial real estate to be such a pleasing investment is that is brings about both long term and short term financial benefits. In the short term, commercial real estate can help you bring in a better cash flow from the use of the property, and at the same time, in the long run the property will only appreciate in value, which will result in long term benefits should you choose to sell. Most investors also find that there is a lot less risk involved with commercial real estate than there is when dealing with other types of real estate. If you purchase apartment buildings or a strip mall, the risk of your investment will spread out among those who are renting from you, and even if you lose one of your renters, you still will be making money and seeing a return from your investment.
Commercial Real Estate Properties
Another positive benefit of commercial real estate is that the scope of properties that you can invest in is quite large. Commercial real estate includes various different properties that make excellent investments. As long as the building consists of more than four units, it can be considered a commercial real estate property. Commercial real estate also includes other properties such as strip malls, apartment buildings, RV parks, industrial parks, mobile home parks, and commercial centers.
Jobs within the Commercial Real Estate Industry
There are a variety of different jobs that are included within the commercial real estate industry, and all of them benefit from this excellent market. The investors have a very important job within the industry, since it is their money that is being used to make the property develop and become prosperous. Builders too have an important job, and many times they work within the commercial real estate industry to build new structures on commercial property such as apartment buildings or shopping malls. The lenders have a very important job, and they work to make sure that investors get the loans and mortgages they may need to be able to purchase commercial real estate properties. Also within the industry are the brokers who represent the owners and deal with the sales and property transfer issues. Last of all, but certainly not least, are the users who actually put the money in the investor’s pocket.
Financing Commercial Real Estate
Those who are planning on being involved in commercial real estate need to consider how they can finance any commercial real estate purchases. While few people can actually just purchase the property with money they already have, most people are going to be turning to other methods of financing the property. More than likely you are going to need to go to a lender to be able to finance any commercial real estate that you want to purchase, but there are a few things that you can do to make the process smother.
First of all, you will want to make sure that you have a business plan. You need to be able to show the lender why you want the property and how you plan on making it a successful investment. It is also important that you have at least a portion of the money needed for the property saved up so you can show that this is a serious venture and you are ready to make a personal investment in its success. Also helpful is a current appraisal of the property you are considering. This will help show the value of the property to the prospective lender. Having an attorney to help you and to check out legal issues will also be important, and in the end you should always compare several lending offers before making a final decision.
Getting Started
For those who are interested in commercial real estate and the financial benefits that can be enjoyed, there are many ways to get a start in the business. One of the keys to getting started is to glean all the information about the business that you can, whether from reading books, searching the internet, or speaking with friends and business colleagues that may have experience in commercial real estate investing. Checking into the area you live in and getting a look at what kind of commercial real estate is available and what the prices are running can help you begin to get a closer look at the costs and the availability of commercial real estate in your area. Attending zoning and city planning meetings may also give you insights and ideas for getting started as well. Lastly, one of the best things you can do is to start building a network of friends and business acquaintances that already have their foot in the door of the commercial market. Learning from their successes and mistakes can help you on your way to becoming a successful commercial real estate investor.
Repossession
Feb
25
I just sold my business and the new tenant took over. I was never in default of rent. The new tenant just signed a lease and their first payment is right after my last payment. No break in between. The landlord released me from my lease which had two years to go. But still holds security deposit.
Sell and Rent Back
Feb
24
What to Look Out for in Commercial Real Estate Listings
Posted by: | CommentsChoosing to buy commercial property is a big decision. You require a high level of investment and have to ensure that you don’t make a costly mistake. A number of websites provide commercial real estate listings of properties for sale. These lists are regularly updated. One can search these lists to gain a general idea of the quality of the properties that are available within a given budget. The prices of commercial real estate typically vary according to their location, size, and quality of construction. If you are planning to invest in commercial real estate, you should look at these lists these lists. Looking at these lists requires a great degree of skill, as it is important to read between the lines to uncover the true value of a listing.
Find out how many Commercial Property Listings there are in your local area
Your first step should be to find out what the best locations to buy commercial properties are. Often you will find that certain areas will have a high density of commercial real estate for sale, be wary of such pockets lest you find yourself buying a ticket aboard a sinking ship. Although it may cost you more money at times, make it your mission to find an area where companies such as your own have a proven track record of doing well.
Once you find an appropriate property from a commercial real estate listing, perform a thorough inspection before you buy Commercial Real Estate. While you may feel that a thorough inspection is not necessary as you are not going to be living there, this could not be further from the truth, as this is a business premises inspection it is just as prudent to thoroughly examine as a residential property.
Are you Buying Commercial Property in a Rural or Urban Setting?
When you look at a commercial real estate listing, the type of development where you are purchasing commercial real estate is very important, for instance if you are in a rural setting then you will be looking for very different features than if you were looking for a ware house for sale in an urban setting. Another thing to consider if you are in a rural setting is the cost, you can expect to pay lot less to be in a less developed area but if you are in a more developed district, especially a retail shop for sale or lease inside the city center you can expect to pay a premium.
Will you be buying this Commercial Property to rent out?
It is also important to consider whether you are buying commercial property for your company to actually move into, or whether you are going to rent it out to someone else. If your goal is to own the commercial property to let, then don’t get hung up on want you would like to see when buying commercial real estate, rather find out what the widest possible market is looking for in a commercial property for lease and acquire something that fits that description.
What are the tenant’s assets and liabilities?
It is a good idea to obtain a financial statement from the potential tenant that is occupying the space that you buy. The financial statement will list the tenant’s assets and liabilities. This will give you a good idea of how financially stable the tenant is. Would you like a tenant with $0 cash in the bank, a negative net worth, and credit problems? The answer is of course, no. Once again it’s surprising how many commercial investment property owners don’t do this and find out after the fact that it’s something they shouldn’t have done in the first thing. Now, this is all pretty easy as long as you do a good job of checking out the tenant in the first place.
While on the face of it a commercial property listing may appear straightforward, it is important to dig deeper and find out more before signing on the dotted line. Don’t be afraid to ask the right questions. Only when you are absolutely sure that all your questions have been answered to your satisfaction, you should proceed with the purchase.
Real Estate Professionals
Feb
23
Big Boost To Property Sales In Spain.
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The Spanish Property Market has seen the best resulting sales in April 2008 for over a year.
Following media coverage of the failing property market during 2007, most potential property buyers put their plans onto ice until the situation improved.
The complete market in Spain saw estate agents shutting through lack of sales and the crunch during 2007 was to get even worse. Unscrupulous agents were devising tactics to prise money out of clients through desperation to inject money back into their own business.
Some such tactics were to ask for a small lump sum payment to substantiate an offer on a property. Although in the agents defense it eventually was used as part payment towards the deposit, nonetheless it was a payment devised to be a part payment of the agents commission. This was one of the tactics that prevented potential home buyers from venturing into the Spanish market.
The shrewd investor saw the decline as an opportunity to secure a dream home at a much reduced price. In fact this aspect of a declining market was the main purchasing selling point that the Spanish Market was using to attract buyers.
However as 2008 emerged it was clear that a new year had brought a new perspective back into the property market. Month on the month the buyers have been coming back. The estate agents were beginning to see a new surge of property buyers.
April 2008 has seen the best month in property sales in Spain for almost a year. This confidence can be expected to multiply as the season for visiting Spain arrives during May and the summer season.
Upon further investigation of the property market we can see trends that follow the UK market. Smaller one bed apartments and studios seem to remain pretty consistent, as do the properties valued at over a £million.
One may think that property has a similar intrinsic value to that of gold; as it rarely decreases in value. As such of course property has to be the ultimate way to invest money and see year on year returns.
One new property on the market valued at almost a £million near Cordoba in Southern Spain; having 15 bedrooms, ideal for a bed and breakfast opportunity, has received 6 inquiries in the first week it has gone on sale.
It would appear as a consequence of such interest that a new surge of buyers has begun. Not to bring the property market back to its prime, but enough to give everyone, both purchaser and seller a little confidence.
The economy of course is having a direct affect on the market. The Euro is particularly strong against other currencies, especially the British Pound and the American Dollar. This would mean that any transfer of money would have an extremely poor exchange and as a consequence could mean the difference of up to £15,000 on a £100,000 transfer.
Mid 2007 saw the exchange rate for the Euro at 1.48 to the pound. Today we see the rate at 1.24. This equates to 24,000 euros for each 100,000 euros exchanged. Despite this poor exchange rate the property market in Spain is beginning to rise from the ashes.
We look forward to the continued rise in interest in property sales.
Mr. P. Booker
Internet Estate Agent, Southern Spain
http://www.Sale-Property-Spain.co.uk/country_house_cordoba.htm
Quick Property Sale
Feb
22
Just rezoned my property to C-2 Commerical. Got a question?
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What is the average your property value goes up once this happens? I live along a strip of 5 homes…Each of which is roughly about 1 acre. I have a Meijer being bulit across the street along with a so called “Town Center” with other shops as well. All of my neighbors have jumped on the oppurtunity to rezone. I am in a good way ( i think) because the neighbors on either side of me are already going through an agent and have their homes up for sale as Commercial Property. I guess i have another question in addition to the the very beginning regarding the estimated value of my home now that it is Commercial. Do i have a good bargaining chip seeing as how i am smack dab in the middle? i would think that a prospective buyer would be looking for a 3-4 acre lot as opposed to two 1 acre lots surrounding a house (MINE). Anyone with any thoughts? Just want to be sure i am going to get as close to top dollar as possible. Thanks!
Rent Back Fast
Feb
21
Does anyone know of any websites that might be free and helpful for me to search in to see if any properties are for sale that would fit my conditions?
Sell and Rent Back
Feb
20
Recessed Commercial Electric Lights
Posted by: | CommentsEnhanced illumination contributes to a more positive and focused work environment in the office. It helps improve employee morale, and it contributes to increased productivity which can be vital to recession proofing a business. Of course, many businesses may feel that now may not be the best time to invest in a comprehensive overhaul of their interior lighting system. For such companies, commercial recessed electric lights offer an affordable enhancement to the existing general lighting system that represents a safe-bet investment in any market place and also helps to reduce liability and improve general safety.
A certain number of foot-candles are needed for clear visibility and safe mobility within a building. Pockets of shadow and low levels of light represent areas where employees can injure themselves or suffer from eye strain caused by insufficient light. Commercial electric recessed lights are ideal for improving illumination in these areas and increasing visibility so employees can more easily perform tasks and move between stations when necessary. Reducing work related physical stress and minimizing the risk of injury helps decrease the potential liability for an organization with substandard levels of lighting. Something as simple as installing a few commercial recessed electric lights can potentially qualify a company for reduced commercial liability insurance rates, provided the contractor who installs the recessed lights provide the organization with a photometric analysis that details the improved quality of interior lighting and shows where newly installed recessed light fixtures work provide new directional lighting for important tasks in key areas of human traffic and activity.
Recessed electric light fixtures are also an ideal source of accent lighting in commercial interiors. Meeting rooms and foyers are two very important places that every company should spend the money to literally put in the best possible light. Recessed electric fixtures in these rooms can be wired to dimmers and remote control unites that allow for the light to be set to appropriate levels for different events. Speakers, sales presentations, private meetings, and even video conferencing will all benefit from the enhanced and flexible illumination produced by commercial recessed electric light fixtures.
To determine fixture specifics such as housings, trims, and lamp types, it is necessary to quantify floor and vertical cube space, and to learn as much as possible about key activities essential to the client’s operation. This information can then be passed on to us so that we may process this data using sophisticated design software that generates a comprehensive photometric analysis of the client’s interior office space. This photometric assessment details a point by point, room by room breakdown of required levels of lighting and optimal locations for fixture placement.
Once these things have been determined, it is much easier to determine exactly how many recessed electric lighting fixtures are actually needed, and which housings, trims, and lamp types will best meet the requirements of the proposed installation. For ceilings that cannot be cut due to restricted clauses in the client’s commercial lease, retrofit recessed lighting fixtures may be the best way to go. Smaller companies who feel the pain of investing even in a few new ceiling lights can be reassured with the promise of lowering power bills with low voltage fixtures. Unique interior architecture such as sloped ceilings can also be accommodated with special recessed electrical light fixtures made just for such interiors.
Sell and Rent Back
