Thoughts on Leases

07/10/2023

Leasing Commercial Property

1. Budget + Financial Considerations

2. Location

3. Lease Terms + Negotiation

4. Property Condition and Maintenance

5. Zoning + Permits

6. Expansion + Flexibility

7. Insurance Coverage

   1. Residential

   2. Commercial

8. Tenant Improvements

9. Accessibility + Amenities

10. Professional Advice

    1. Lawyer

    2. Commercial Realtor

Negotiation

1. Rent: Realtor should provide comparisons on similar properties and price.

2. Lease Term

3. Security Deposit

   1. Rent abatement: deferment of rent during build out

   2. Document all agreed terms and signatures of involved parties

4. Maintenance + Repairs

5. Improvements + Modifications

6. Sub-leasing + Assignments

7. Termination Clause

8. Use + Restrictions

9. CAM: Common Area Maintenance

10. Signage + Advertising

Types of Leases

1. Gross Lease

2. Net Lease

   1. Single Net Lease

   2. Double Net Lease

   3. Triple Net Lease - most popular

      1. Tenant pays rent, property taxes, and maintenance costs (interior)

3. Percentage Lease

   1. In addition to base rent, includes a percentage of gross sales

4. Modified Gross Lease

Capital

1. Capital Plan

2. Business Plan

3. Investment Plan

4. Pitch Deck

5. Pitch

Joe Catalano

Owner / Pharmacy Manager, Apothicare360

empwrforsucceess@gmail.com

941-875-7263