Good morning, its Word of the Week Wednesday again! Let’s look at modified gross lease. Modified gross lease is a lease agreement where the tenant of a property is responsible for the base rent and splits other expenses with the landlord. The landlord may cover property taxes, insurance, and property maintenance while the tenant may cover utilities, smaller maintenance, and usually low-level repairs in this agreement.
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Partying With the CPR Family
Last weekend, we had the pleasure of having a holiday dinner party with our CPR Team and extended family! Hors d’oeuvres, family style sides and assorted entrées were enjoyed at Bascom’s Chop House. We are reminded how much our family loves and supports our hard work all year ‘round. From the CPR Family, may your…
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday again! Let’s look at short sale. A short sale occurs when the sale price of a property is less than the amount owed to the lender and when the lender accepts this amount as full payment for the asset. Those funds not repaid to the lender can…
CRE WORD OF THE WEEK
It’s Word of the Week Wednesday! Let’s look at Accessibility. When an agent refers to this, they are talking about the convenience of entering a property. This could mean easy access from the street by a motor vehicle, property accommodations and even ADA compliance (Americans with Disabilities Act.)
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Lets take a Look at Commercial Information Exchange, or CIE. A CIE is a listing service for commercial properties to be advertised to other commercial brokers and sometimes to the public while providing information on availabilities, recent sale or lease transactions, market statistics, and contacts.
HAPPY THANKSGIVING! OFFICE CLOSED 11/25-11/26
Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month. Our offices will be closed November 25th-26th. Happy Holidays!
CPR Represents Seller, Landlord and Buyer of Two Properties In St. Petersburg.
The Mirror on Mirror Lake Drive Sold and Leased Commercial Partners Realty is pleased to announce that broker Scott Clendening has represented the seller and landlord of newest speculative quality office space in St. Petersburg. The Mirror, located at 132 Mirror Lake Drive N. is a modern, class A building, the new tenants will experience…