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July 11, 2018 No Comments

Understanding the Common Area Factor Rentable vs useable Square Feet


Posted by Ten Fong in Site Selection

  Why do you pay rent for more space than you occupy? Few commercial real estate concepts are as misunderstood by tenants and even real estate professionals, as the measurement of office space square footage for rent purposes. The formula to determine the amount of rent in most office leases incorporates both the usable square […]


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July 11, 2018 No Comments

The Nuances of Leasing Medical Office Space


Posted by Ten Fong in Site Selection

  What Healthcare Providers and Physicians Need to Know About Leasing Medical Office Space   Medical office space users and physician practices don’t typically relocate to new buildings as often as general office tenants. However, the competition for new patients is increasingly steering physician practices to non-hospital campus properties as they seek more conveniently accessible […]


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July 11, 2018 No Comments

The Importance of Assignment and Subletting Clauses in Commercial Leases


Posted by Ten Fong in Negotiating

Occasionally, a tenant needs to prematurely vacate their leased premises. When negotiating your lease it may not seem to be a clause of primary importance. However, we don’t always foresee challenging economic times and given the amount of sublease space currently on the market only proves why it is critical to pay special to attention […]


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July 11, 2018 No Comments

Tenant Representation


Posted by Ten Fong in Working with realtor

  Making Educated Decisions About Your Business Space   The logic behind tenant representation is that in order to reach an equitable solution to a particular need (leasing office space), the corporate tenant needs access to market information, transaction expertise and negotiation skills equal to that of the landlord who utilizes professional representation.   Whether […]


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July 11, 2018 No Comments

Taking into Account the Unexpected when Negotiating your Commercial Lease


Posted by Ten Fong in Negotiating

  Natural disasters such as Hurricane that damaged many buildings can interrupt operations at hundreds of businesses. But even, inoperable or faulty building equipment, a sudden freeze that causes pipes to burst or a summer thunderstorm that cuts electrical power can bring a business to a halt.   Most standard office leases in the Landlord’s […]


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July 11, 2018 No Comments

Serviced office space vs conventional leased offices


Posted by Ten Fong in Design and Construction

  Serviced office space vs conventional leased offices – which is better for your business? With costs averaging around 20 per cent of annual overheads, you need to make sure that your office space is working for you. But which is better suited to your business needs – serviced / co-working space or a conventional […]


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July 11, 2018 No Comments

Rent is More than just Rent


Posted by Ten Fong in Site Selection

    Operating Expenses in the Office Lease   Lease Agreements for a typical office building are complex contracts and most commercial leases provide a mechanism for common area maintenance and other building operating expenses (such as janitorial services, taxes and insurance) to be passed on to the tenant. In office building leases, where separate […]


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July 11, 2018 No Comments

Relocation Provisions in Office Leases


Posted by Ten Fong in Design and Construction

  What’s this Paragraph About Substitute Premises? Commercial leases typically contain a provision allowing the Landlord to move tenants from one location within a project to another to accommodate a larger tenant should contiguous space become available during the lease term.   No tenant whether office, retail or industrial should casually accept this provision provided […]


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