The importance of your office in a natural disaster

  For many of us, living with the threat of natural disaster is a very real concern. What’s more, the inability to carry on with normal work schedules immediately afterward is almost as damaging as the storm itself. To combat this, many companies have set up “disaster workplace” sites for their employees to go to […]

Office Rent Structure

  As a follow-up to lease types, we’ll look further at Single and Multi-tenant Office buildings:   SINGLE TENANT OFFICE BUILDINGS Generally, single-tenant office buildings are leased on a triple net basis (NNN). This lease calls for the tenant to be responsible for all costs associated with occupancy. PROPORTIONATE SHARE: The tenant’s proportionate share of […]

Learn your lease (Part 4)

Absolute Triple Net Lease Also known as a bondable lease, the most extreme form of NNN Lease, in which the tenant is responsible for all property-related risks. Under an Absolute Triple Net Lease, the tenant is responsible for all of the expenses and repairs relating to the building including roof and structure and, in the case of casualty or […]

Learn your lease (Part 3)

In our third installment, we will look at the Double Net Lease: A double net lease is a lease agreement in which the tenant is responsible for both property taxes and premiums for insuring the building. Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along […]

Learn your lease (Part 2)

  In our second informational post, we will look at the Single Net Lease:   What is a Single Net Lease A single net lease is a commercial real estate lease agreement in which the tenant agrees to pay property taxes in addition to rent. A single net lease is a form of pass through lease in which […]

Learn your lease

  When entering into a new lease agreement, it’s important to know all aspects of your lease. In this post, we’ll cover Triple Net or NNN. What is it, and why does it affect your lease cost? What Is a Triple Net Lease (NNN)? A triple net lease (triple–Net or NNN) is a lease agreement on a property whereby the […]

You’ve got questions about Subleases, we have the answers…

  Subleases are sometimes the most misunderstood agreements for new office tenants. Read below for what a sublease is, and what it entails.   When drafting and negotiating an office sublease, a tenant must carefully think through a variety of issues, beyond those relating to the creditworthiness of its prospective subtenant, the rent it […]