Last week, Marcus & Boxerman posted the second installment of a four-part series on clauses\u00a0to watch out for in commercial leases. This installment discusses making sure you get what you pay for by avoiding hidden and unnecessary costs in your next commercial lease.<\/p>\n
Many tenants pay more than they bargained for because of costs associated with poorly measured rental spaces and inappropriate items landlords insert as common area maintenance or administrative costs and fees. Take a close look these clauses in your next lease to ensure that you aren\u2019t losing money over time.<\/p>\n
Common Area Maintenance (CAM).<\/strong> Don\u2019t let your landlord pass the buck to you with inappropriate common area maintenance (CAM) costs. Certain CAM costs make sense for tenants, but your landlord\u2019s capital expenditures and tacked-on administrative fees may cause greater costs than you should bear. Try to get a cap to CAM costs, increases, and\u00a0reasonable administrative fees that are tied to the services your landlord provides.<\/p>\n Cut unnecessary and hidden costs out of\u00a0your commercial leases\u00a0by contacting us at\u00a0(312) 216-2720 or info@marcusboxerman.com\u00a0to speak to\u00a0one of our experienced attorneys today.<\/p>\n","protected":false},"excerpt":{"rendered":" Last week, Marcus & Boxerman posted the second installment of a four-part series on clauses\u00a0to watch out for in commercial leases. This installment discusses making sure you get what you pay for by avoiding hidden and unnecessary costs in your … Continue reading
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Square Footage.<\/strong> Only pay for the space you get. Commercial tenants often overpay for their spaces because of the inaccurate measuring of the premises. \u201cPhantom space,\u201d the extra space listed on lease agreements that does not actually exist, costs you extra money in base rent and CAM, and quickly adds up over a 10-year term. Before you sign, ensure you\u2019re getting what you pay for by measuring the space and recalculating the rent.<\/p>\n