It is negotiated. Tenant usually pays and the landlord can credit a certain amount of that.
Typically letters of intent are NOT legally binding. However, it is important to read everything you sign!
Commercial real estate taxes can change drastically based on many different variables. It’s not possible to provide exact, detailed information in a FAQ as the answer will depend on you, the property, and the location the property is in.
A commercial real estate underwriter is responsible for helping in the assessment of risk of a commercial real estate loan. The underwriter must be able to analyze the value and risk of both the commercial property, as well as the borrower for the loan.
Commercial real estate lending is the process in which a buyer of commercial property acquires financing or mortgages necessary to make the property purchase. Without commercial real estate lending, a potential buyer would need to have all of the funds necessary to purchase the property. Instead, commercial real estate lending allows businesses and commercial entities to acquire financing (like a loan) to purchase their property and pay the lender back over time.
Commercial real estate brokerage can be compared to investment banking, but for commercial properties. A commercial real estate brokerage is a team of individuals who are part of a firm that connects property sellers with property buyers. Brokers who have helped with a commercial real estate transaction will take a percentage of the deal, known as a commission.
A commercial real estate loan is a type of mortgage loan that has been secured by a lien (legal right) on property for commercial purposes. These loans are used to allow businesses to make a larger transaction and purchase of commercial real estate for their business. Property that has been purchased for commercial intent is usually sold to entities (corporations, partnerships, developers, trusts, funds, etc.), rather than individuals.
A commercial real estate broker is a type of professional who has been licensed to help various clients buy, sell or lease real estate properties. These properties are generally used for commercial purposes. If someone wants to use a property for their home, they will need to seek out a residential real estate broker instead.
US Commercial Realty works with organizations throughout Chicago and the surrounding suburbs. For a complete list of municipalities and market areas served.