What is a Letter of intent and Why Are They Useful?
No one wants to waste time and money on a commercial real estate transaction that the parties will never complete. A well-drafted, nonbinding letter of intent (LOI) can be a valuable first step in determining whether there is a deal to be made before too much expense...What is the Difference between a Triple Net and a Gross Lease?
Understanding the Three Types of Commercial Leases When leasing commercial real estate, you need to be certain that you understand how “rent” is quoted so that you can compare rates between leases. Your decision to enter into a lease without understanding the...How is My Office Building Growing When There Has Been No Construction?
Many office tenants that have signed a commercial real estate lease may be familiar with the Building Owners and Managers Association (“BOMA”). BOMA is an international organization comprised primarily of real estate professionals including developers and facilities...
Is a Sublease Right For You?
The Tampa Bay Area currently has a record 1,500,000 square feet of commercial office space available for sublease. Sublease space is usually offered at a discount to direct space. The shorter the term left on the sublease, the greater the discount as it is expensive...