When we decide to work together, I get hands-on right away. First we’ll sit down and talk through your motivations. What are you looking to achieve? What are your must-have’s and deal-breakers?
This includes going over the 10 key items in a lease that can cause the biggest headache if they are not understood. While it is my job to share this kind of insight and experience, I am not a lawyer. Once we decide what terms the lease must contain, you’ll take those decisions to a lawyer to draft the legal document.
We’ll sort through applications, evaluating potential tenants on objective criteria to ensure you find a good fit without running afoul of discrimination.
Then I will find a tenant, or the right Letter of Intent will come in.
I’ll spring into action, looking casual to the tenant of course. We’ll negotiate the flexible terms of the lease while holding fast to your deal-breakers.
I will keep at it until you can turn on a Motel owner’s favorite sign:
Over time, chasing down details and collating documents, I’ll end up knowing as much about your building than you do – maybe more. It’ll all go into a binder that will accumulate a depth of detail that would make Google blush. That binder is yours and I’ll share it with you physically and/or digitally.
Finally, I’ll keep in touch with both you and your tenants as lease renewals approach.
Are we a good fit?
- You are offering Improved Property: Industrial, Buildings, Special Use, Office Space
- You are responsive to tenants
- You nurture your property, keeping up with maintenance
- Have a habit of defering building maintenance
- Not interested in tenant relationships
- Hard to get a hold of
Of course, these are just guidelines. Let’s chat before ruling anything out.
One of the most common lease types. Tenant pays a base rent, all of their expenses, and their proportionate share of:
- Real Estate Taxes
- Building Insurance
- Common Area Maintenance – lawn care, snow removal, common electric, property clean-up and maintenance, etc
This will be defined in the Lease Agreement. Tenant also pays their gas, electric, water / sewer and any other services specific to their needs (phone, trash, internet, janitorial, etc).
One of the most common lease types. Tenant pays stated rent and utilities and services specific to their use.
One of the most common lease types. Tenant pays stated rent, which includes all expenses, except some services specific to their use.
Least common lease type in Northern Colorado. Tenant pays rent which includes all services and utilities.