You are the one who comes up with ideas and recruits others who see your vision. You may be good at rounding up the capital you need in order to make your project a reality. When it comes to the paperwork and complying with Orange County, California and federal laws that may apply to your project, you may not be sure where to start. Developers often turn to others to assist them with these requirements.
Mold has become a big topic of conversation in the media here in California and elsewhere in recent years. While most of the press covered household toxic mold issues, commercial buildings are just as susceptible. As a commercial tenant, you may wonder whether you or your landlord pay for the damage the mold has done.
As a large retail corporation, you know that developers may court you to lease space on their properties. You know that for them, leasing space in shopping centers is all about anchor tenants, of which you are one. This puts you in a unique position when it comes to negotiating commercial leases for retail space here in Orange County.
Last month we talked about common area maintenance and the wildly fluctuating fees property owners charge tenants in some cases. Fees for CAM, as the name suggests, go toward the maintenance of common areas, like parking lots. A given tenant's CAM costs principally depend on the amount of rented square footage, but the property owner has a lot of discretion in determining CAM costs. In other words, tenants should double-check that they aren't being over-charged.
Starting a new business here in Orange County, or anywhere in the state, requires you to look at numerous financial considerations. One of the monetary issues that you need to include in your planning involves the amount of rent you will pay for your retail space. This number ultimately involves more than just a price per square foot.