RENTABLE SQUARE FEET VS. USEABLE SQUARE FEET

RENTABLE SQUARE FEET VS. USEABLE SQUARE FEET

Commercial office rents are based on rentable square feet, not useable square feet, so it is important for tenants to know the difference.  Useable square feet is the actual amount of space within the tenant’s suite (or floor(s), if the tenant is leasing one or more...
SNDA’S IN COMMERCIAL LEASES

SNDA’S IN COMMERCIAL LEASES

Tenants should press for a Subordination and Non-Disturbance Agreement (SNDA) when negotiating their commercial lease, especially in today’s economic climate where foreclosures are more common. Real estate ownership carries with it a complex set of rights, which are...