Adding commercial real estate to your skill set is an excellent way to grow your business. Before you can truly add commercial real estate to your resume, you need to know the “ins and outs” of commercial leasing! This course will help aspiring commercial realtors build foundational knowledge and guidance when choosing to tackle a new field. Additionally, this course is an excellent review for agents specializing in commercial transactions. This course will provide you with the necessary skills to truly excel in the commercial real estate market!
Objectives: After taking this class, students will be able to:
•Master the Commercial Exclusive Right to Lease Form and the main components of Commercial
Leases.
•Recognize the importance and function of the Letter of Intent as the starting point for lease negotiations.
•Distinguish the differences between a Residential Lease and a Commercial Lease.
•Grasp the types of provisions that are part of a Commercial Lease.
•Master the different types of Commercial Leases such as Triple Net Leases and Gross Leases.
•Understand all of the different components and moving parts involved in a commercial lease.
•Anticipate issues which may arise for tenants such as the intended use of the space, parking, exclusivity,
personal guaranties, and non-competes.
• Think about incentives a tenant may want such as a tenant improvement allowance, option to purchase,
and right of first refusal.
• Understand commercial lease-related forms such as tenant estoppel letters, assignments, subleases,
and SNDA’s