Our Blog

29

Apr

2016

Why Do Landlords Want Long Term Leases?

There are two main reasons why landlords love long term leases, “turnover” and “rent escalations”. However, before we can properly discuss those reasons, we must first define “Long Term Lease” and “Short Term Lease”. For the sake of commercial real estate, long term leases are leases longer than a couple years. It is important to note that most landlords won’t […]

Read more

20

Apr

2016

How Much Landlord Construction Can a Tenant Expect in New York City?

Finding the ideal location, price, and size for your new office is a challenge that takes patience and diligence. However, once the space is located, there is almost always some level of construction necessary to really make the space fit your business. So, who is going to pay for that work? There are many factors that can influence this answer […]

Read more

13

Apr

2016

What the Heck is a “Good Guy Guarantee”!?

Well to start off, I’ll tell you what it certainly is not. A Good Guy Guarantee is not an early cancellation or termination option by the tenant. The Good Guy Guarantee is actually a limited personal guarantee that developed as a compromise between landlords and tenants. Landlord perspective: The challenge for landlords was to create a means of guaranteeing a […]

Read more