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September 2018 Newsletter
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, Capital Retail News: Water Bills, Floor Plans
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COMMERCIAL TENANT WATER BILLS
In most commercial leases, water and sewage charges are in the utility section of the lease and usually the responsibility of the tenant. So if the lease says, Tenant is responsible for all utilities associated with Property, then the water bill is their responsibility. Yet, if the water bill is not paid by the tenant, public municipality utility companies ……
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COMMERCIAL MANAGEMENT QUALIFICATION QUESTIONS
Management fees for commercial properties range from 4% to 10% of the collected revenues depending on property size scope, and estimated workload. Fees are deducted before owner distributions. The leasing fees are often calculated based on the lease value or a fixed amount depending on different types assignments.
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COMMERCIAL REAL ESTATE FLOOR PLANS
Many commercial property owners do not have current floor plans of the spaces within their building. We recommend commercial owners hire a contractor to visit their vacant spaces, take measurements, and create a floor plan. When leasing out a commercial space to a new tenant, utilizing a floor plan is an effective way to show the layout of a space. Floor plans ultimately help potential tenants make the decision to lease more quickly and is a marketing tool we use often when leasing spaces.
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We specialize in managing, leasing, and selling small to medium size commercial properties.
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Capital Retail Group. 2018 All Rights Reserved.
7315 Wisconsin Ave, Suite 400 Bethesda Md 20814.
1751 Pinnacle Drive Suite 600 McLean Va 22102
Phone: (202) 319-2884
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Disclaimer: All information is deemed reliable. However, no representation is made as to the accuracy thereof and all such information provided is subject to errors, omissions. All information should be verified by recipient for accuracy.
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