Commercial Real Estate – The Law
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Commercial land or real estate means any property from which income can be generated. It is a form of estate that brings in profit or if it is given on a rental basis then profit comes in terms of rent. Hence; commercial real estate includes offices, industrial area, restaurant, hotels etc. In these real estate properties, cash flows in two ways, i.e., they inflow and outflow.

Inflow in commercial real estate in New Jersey is in the form of rent, parking fees, vending fees, different taxes, depreciation etc; and cash outflow includes initial investment in the commercial real estate, debt service, capital expenses and tenant leasing costs etc. A lot of risk is involved in commercial real estate because the cash inflow and outflow is dependent upon the market condition. Present valuation of that particular property, or if the tenant fails to renew the lease after one year then money won't come in during that time and it will be stopped until a new tenant comes in.

Commercial real estate business in New Jersey is a very profitable one, so if anybody is willing to enter this business he or she should be acquainted with certain terms popularly used in this business like real estate broker, where the broker not only helps to find a place of your choice but also proves to be a helping hand during the transaction process. This process at times can be a lengthy one and also time consuming. However; if one has an efficient broker by his side he will then be able to help his client in this process. Common Area Maintenance or CAM which means the money which the tenant has to pay for the common area which he shares with his landlord, for example, the garden area or the exterior lightening suppose if snow falls heavily then it is also the responsibility of the tenant to pay for the maintenance.

Then there is another term like tenant improvement, it means when a tenant wants to make any improvement in his rental space then that he gets back that money from the landlord. Non-compete clause is another term which means the landlord is not giving any other property of his to his competitor or any other person or tenant while doing such business. Letter of intent is another such term used in commercial real estate, which means an informal agreement between the landlord and the tenant in which he tells the landlord to move on with certain negotiations.

For further details visit NJ Real Estate Law Attorney or wants an appointment contact Commercial Real Estate Lawyer NJ here: 1 University Plaza, Suite 14, Hackensack, NJ 07601

Phone: (201) 343-3100


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