Commercial Real Estate Management Agencies And The Leasing Process

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Commercial Real Estate Management Agencies And
The Leasing Process
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Leasing Process

• The process of leasing is vital and critical to
  real estate. however, most property owners are
  not as well versed in the process and choose to
  let realtors or commercial real estate management
  agencies handle the leasing process. because one
  cannot undermine the importance of constructing a
  reasonable and near perfect lease it is important
  to understand the leasing process and what
  constitutes a good lease that is favorable to the
  tenant and the lessor.

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A simple lease comprises of the following

• a lease defines the responsibilities and rights
  of the owner as well as the tenant towards the
  property. this includes financial
  responsibilities and dues.

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• The lease pre-defines the rent, late payment
  penalty and the one time security deposit which
  is agreed upon by both the lessor and the tenant.
• The lease mentions the compensation that the
  tenant is subject to in case of any damage to the
  property during his/her stay. Some leases also
  stipulate the ceiling of liability for the lessor
  and the tenant.

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• It specifies the role and key functions of the
  tenant towards maintenance of the property.
• A new lease is constructed for every occupancy /
  property in the construction and not for every
  individual occupying the property.

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• For More Information on Commercial Real Estate
  Management.
• Visit Us at http//madisonprop.com

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