When you try to get a commercial lease, you'll likely be asked for a security deposit. This is often the same as rent for one or two months, to be paid up front. You then get it back at the end of the lease, minus any that had to be taken out due to damage to the property.
The coast of California extends 1,100 miles. It's a lot of coast to protect, which is why the state legislature enacted the California Coastal Act in 1976, which was also when the California Coastal Commission was permanently established.
Office space construction is booming in Orange County, with more new construction and renovations in the sector than in nearly a decade. First-quarter reports on office space property indicate approximately 2.8 million square feet are under construction, which is an increase of more than 450 percent over the previous quarter.
When you need a commercial lease, you want to make sure you get one that's going to be fair to you. If you're not sure about the terms, though, you could end up agreeing to something that's not in your best interest.
When you're ready to negotiate a lease for commercial property, it's important for you to understand all the terms and conditions you will be agreeing to. Because there isn't a standard agreement, the owner of the property can create a lease that works for them. You want to make sure that lease works for you, too, and to do that you will want to negotiate.
A co-tenancy provision allows a tenant certain remedies if specific conditions are not met. In most cases, they usually deal with a certain type of main tenant in a shopping center or having a specific number of tenants at all times.
No one has to tell small business owners in Southern California how expensive real estate is -- particularly if you're looking for space in a popular area where customers are plentiful. Some small business owners here in SoCal and throughout the country are able to afford space in plum sites by subletting some of that space to other businesses. Space sharing helps new businesses be able to afford to get off the ground.