Testing Your Resolve: Dealing With Commercial Agents

Estate agents are a different breed… I know, I used to be one. (I’ve still got my licence – but I don’t use it.) This is especially true of commercial agents. You’d think that if you were selling a property for someone… and of course trying to sell it TO someone, you’d make every effort to service enquiries that come in about properties you have in your books. After all when you sell a property as an agent – you make money. That’s how it …

What Happens When A Tenant Leaves

Commercial leases are typically 3 years… that’s the average. They usually have an option… say: a 3+3+3 lease. That means that after the first 3 years the tenant has the option of renewing two more times. Simple enough. It’s not uncommon for tenants to take all 3 options and even renegotiate the lease at the end of that period as well. If a business is going well it usually makes sense for them to stay put where customers know where to find them. But… As …

Valuing Vacant Properties

Buying a vacant commercial property is not something that I recommend for most commercial investors. I’ve only done this a few times… Although it was very successful when I did… But that’s because I had the basics covered and I understood how to work out what the property was really worth. When a commercial property is tenanted, it’s very easy for a valuer to come up with a true and accurate valuation… That’s because the value of a commercial property is intrinsically tied to its …