Remove Attorney Remove Broker Remove Definition
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

article thumbnail

Complete Guide to Commercial Property Leases in San Gabriel Valley, CA

InveServe

This guide will introduce you to key terms and definitions, elements of a commercial lease, and common mistakes to avoid. But before you go looking for commercial real estate in the San Gabriel Valley, you must first have a solid understanding of how leasing works for commercial properties.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

article thumbnail

New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

The statute introduces the definition of “qualified commercial tenants,” targeting those who require enhanced safeguards in lease negotiations. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

article thumbnail

Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

Many times, this is merely the starting point of negotiations between a purchaser and a seller which is commonly drafted by a purchaser’s broker or attorney. It is imperative that you have a competent real estate attorney to help you by reviewing and or drafting your LOI for you.