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Today’s post is the 5th in the Commercial Lease Fundamentals series and the first article concerning the second of the Four Components of a Lease, namely Rent. The minimum amount of Rent to be paid (typically referred to as “Base Rent” or “Minimum Rent”) may... Read More »
In last week’s post, I introduced the basics of Base Rent in Commercial Real Estate Leases and offered all readers a chance to grab the quick and dirty Excel Base Rent Calculator I use when the lease administration application doesn’t have that built-in functionality. In... Read More »
Today is the return of the Commercial Lease Fundamentals Blog series for the first time in the new year. If you’ve stumbled onto this post without reading the first two months of the series, you can read through all the previous posts in our blog... Read More »
In this post, we have arrived at the topic of Operating Expenses, a component of additional rent typically paid by each tenant on a pro rata share basis. Most other items of additional rent, such as percentage rent, late fees, CPI and Porters Wage adjustments are... Read More »
After reading last week’s blog post about digging into operating expenses, it may appear that a landlord has free reign to pass along every expense they incur in the operation and management of a building. The truth is though that there are several conventions within... Read More »
Following up on the previous post about Caps on Operating Expenses, today’s post is all abut the often misunderstood concept called Grossing Up or simply Gross Up. The Gross-Up of operating expenses is a critical mechanism that allows landlords to equitably allocate operating expenses that... Read More »
In last week’s post, I introduced the much misunderstood concept of Gross Up: how it sometimes gets a bad reputation but is actually intended to protect both the landlord and the tenant. In today’s article, I’ll define and explain the retail-specific mechanism of Percentage Rent. Percentage... Read More »
Thanks to all who joined us for last week’s article about Percentage Rent. Today’s article is about the method of calculating Additional Rent referred to as CPI. Although rarely seen in new deals, CPI is still used to a lesser extent in commercial real estate... Read More »
To start, Realogic would like to take a moment to thank all visitors that have offered their positive feedback for the Commercial Lease Fundamentals series. We’re honored that so many people have found value in the knowledge we have shared. Today we introduce the third... Read More »
On Wednesday September 10, 2014, Sterling Bay hosted their fourth annual Benefit Bash at Benchmark in the Old Town neighborhood of Chicago. This year’s benefit was in appreciation of the PKD Foundation and all that they do to discover and deliver treatments and a cure for... Read More »