It’s Word of the Week Wednesday again! Let’s introduce the phrase market rent. Market rent is
the rent a typical tenant would pay for a comparable unit or suite in the same or comparable
market. On a good note to remember, A landlord may compare the contract rental rates near their
property to understand if they can increase rents, which can lead to increases in the value of their property.
Good morning, its Word of the Week Wednesday! Lets take a look at special warranty deed. Special warranty deed is a deed in which the seller, also known as grantor, of a property only warrants against problems or encumbrances in the property title that occurred during the grantor’s ownership.
Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…
Uncertainty = Opportunity Market conditions always change, it is inevitable. However, the pace of change has been greatly accelerated due to the pandemic, creating uncertainty in the commercial real estate and Capital markets. Users of office space have been uncertain as to how their needs of space will change. Recent data indicates that only 12%…
CPR wishes everyone Happy Holidays! We’ll see you in January! Our offices will be closed December 24th through December 31st.
It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM. CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property. The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.
Good morning, it’s Word of the Week Wednesday! Let’s talk about the option of right of first refusal. The right of first refusal is a contractual right that gives the option holder the opportunity to buy or lease the property before another buyer or tenant’s offer is accepted.
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