First commercial lease. Advice on length of term and deposit requirements?
More is better. Although when I go out more than 5 years I insist on an escalator clause in the lease.
Sorry, been away. What amount do you use for regular progression?
Well there are a number of choices 1) a fixed rate (5% per year) 2) a variable rate tied to some index (usually the Consumer Price Index although there are other options) 3) some variation of the above plus a property tax increase pass through
More is better.
Although when I go out more than 5 years I insist on an escalator clause in the lease.
Sorry, been away.
What amount do you use for regular progression?
Well there are a number of choices
1) a fixed rate (5% per year)
2) a variable rate tied to some index (usually the Consumer Price Index although there are other options)
3) some variation of the above plus a property tax increase pass through