Things You Should Know About Property And Office Leasing

By Author: leaswides
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Property leasing is usually between a lessor (the property owner) and the lessee (the user of the property or tenant). In this contract, the property owner collects a financial consideration from the tenant who now has the right to use the property.
Property leasing is very popular among small business owners and this deal allows new or financially handicapped businesses to divert their capital to some other business needs. As a matter of fact, property marketing and leasing on its own is a business activity.

However, there are different types of property lease arrangement that business owners must consider before going into such a contract.
Types of Property Lease – office leasing, warehouse leasing, retail leasing
Full-Service Lease –this lease type is used largely in building where many tenants are occupying. Tenants who agree to full-service lease type of arrangement will pay a single lump sum of money for a wide range of additional services in addition to the lease payment. The landlord is responsible for providing a number of services for his tenants such as maintenance, security, janitorial ...
... and other utilities, under the terms of full-service leases.

Gross Lease –In this case, the leaseholder pays the landlord a gross amount of money for rent, including sales tax when applicable. All other property costs like insurance, property taxes and maintenance are the responsibility of the landlord. Utility is the only responsibility of the tenant. However, step lease and flat lease require the tenant to cover property costs that go over a certain specified level.

Net Lease –of all types of property leasing contracts, the net lease is the most ever-present. It is a contract that the tenant pays the landlord a base rent plus an extra sum that covers the tenant's share of property taxes. It is responsibility of the tenant to cover the cost of taxes even when it increases. The variations to the fundamental basic net lease are the double-net and triple-net leases.

The tenant is responsible for picking up added insurance premiums as well as tax increases, under the double-net lease while tenants are responsible for covering tax increases, insurance premiums, the parking lot and costs associated with maintenance and/or repairs of the building and other areas used by the lessee, under the triple-net leases.

Percentage Lease –with percentage lease, the tenant have to pay a percentage of the gross revenue of the lessee. This percentage is paid on quarterly, annual or semiannual basis. With this type of arrangement, small business executives should fully understand what the contract defines as gross revenue and be specific in how you define gross sales. Certain items should be deducted from gross sales before the percentage rent is determined, depending on your type of business.

Tips to Choosing the Right Property Marketing Agent
You need to understand property marketing to choose the best agent to sell your property because picking the right agent to market your property can be a very difficult decision. Having little insider knowledge of property marketing and leasing can make all the difference.

Before choosing your property marketing agent, here are some things you must consider.

§ Type of property marketing tools you need. Your agent must recommend based on your property target audience which may be signboards, newspaper ads, online listings, letterbox drops, window displays and lots more.
§ Professional Copywriting. It is quite imperative that the wording used in the brochures, advertisement and everywhere else for your property marketing and leasing is professionally written to enthrall buyers.
When you want to lease your property, it is recommended that you search for the right property marketing and leasing agent that understands the nitty-gritty of property leasing. This will give you the assurance that you will not have problem in the long run.