Welcome to PreReal™ Prendamano Real Estate's ultimate guide to leasing agreement terms. 


This article will help you understand the most common and important terms that should be included in a lease agreement to protect both the landlord and the tenant. By the end of this article, you'll be well-equipped to create a solid lease agreement that serves both parties fairly.


Table of Contents

  1. Lease Term

  2. Rent Amount and Payment Terms

  3. Security Deposit

  4. Maintenance and Repairs

  5. Rules and Regulations

  6. Termination and Renewal

  7. Subletting and Assignment

  8. Landlord Entry

  9. Governing Law

  10. Dispute Resolution


  1. Lease Term

The lease term refers to the length…

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Navigating the complex world of commercial real estate can be challenging, especially when it comes to negotiating a lease. Partnering with a leading provider of commercial real estate services, like PreReal™ Prendamano Real Estate, can help you secure the best possible deal for your business. To help you avoid common mistakes during the negotiation process, we've prepared this comprehensive guide that outlines critical pitfalls to avoid and offers expert insights from PreReal™ Prendamano Real Estate.

1. Failing to Understand the Market and Your Leasing Options

Research the Local Market Thoroughly

Understanding the local market is essential to securing a favorable lease. Conduct thorough research on rental rates, vacancies, and comparable…

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Introduction

Choosing the right size of commercial space for your business is a crucial decision that can significantly impact your success. This guide will help you evaluate various factors to determine the best fit for your needs, while also exploring how partnering with PreReal™ Prendamano Real Estate can streamline the process and ensure you make the most informed decision possible.

commercial space for business

Understanding Your Business Needs

Type of Business

First and foremost, consider the type of business you operate. Retail stores, offices, and restaurants all have unique requirements for space, layout, and amenities. Factor in any specific needs, such as storage areas, private offices, or kitchen facilities, when determining the size and layout of your…

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There's no denying that finding the perfect commercial space for lease can be a daunting task. With a myriad of factors to consider, it's easy to feel overwhelmed. That's where we come in! We've compiled an extensive list of frequently asked questions to help you navigate the complex world of commercial leasing. So, buckle up, and let's dive right in!


Commercial Space for Lease FAQs: Your Starting Point

What types of commercial spaces are available for lease?


  • Commercial spaces can be categorized into several types, including office spaces, retail stores, warehouses, industrial buildings, and mixed-use properties. The kind of space you need depends on your business requirements and objectives. 

    • Check out some of these…

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Introduction

When it comes to commercial real estate, negotiating your lease terms is an essential aspect of getting the best deal. A well-negotiated lease can save you a significant amount of money and give you the flexibility you need for your business to grow. In this article, we'll provide you with valuable tips to help you navigate the negotiation process, ensuring you get the most out of your lease agreement.

Know the Market

Research Local Rental Rates

Before entering into lease negotiations, it's crucial to have a clear understanding of the local market. Research the average rental rates for commercial properties similar to yours in the area. This information will give you a strong foundation to build your negotiation strategy and help…

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Picture yourself in a peaceful, tree-lined oasis just a stone's throw from the bustling city. Introducing 69 Devens Street, a charming two-family detached home tucked away in the heart of Westerleigh, Staten Island. This lovingly maintained property boasts a unique street-to-street layout, offering unparalleled convenience and accessibility. Are you ready to fall in love? Let's embark on this journey together.

Location Advantages

Westerleigh Neighborhood


Westerleigh is a picturesque, family-friendly enclave where you'll find a warm and welcoming community spirit. The convenience of living steps away from shopping, dining, and local attractions will make everyday life feel like a dream.

Connectivity


Embrace a world of opportunity with…

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Welcome to the picturesque neighborhood of Tottenville, Staten Island, NY. Experience a unique blend of history, nature, and community that fosters a deep sense of belonging and home.

A Stroll Down the Pages of History

Tottenville, the southernmost point of New York City, encapsulates an unbroken connection to its rich historical past. It has remained steadfast, bearing witness to the myriad transformations of Staten Island over centuries.

Many vintage homes here are a testament to Tottenville's architectural history, dating back to the 17th century. Let's journey together through time, exploring the historical tapestry of Tottenville.

Embrace the Serenity of Natural Beauty

Tottenville's close relationship with nature is evident in the…

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CEO/Broker/Owner of PreReal™, Prendamano Real Estate in Bulls Head, James Prendamano, spoke with Jessica Jones-Gorman from the Staten Island Advance to share some of his thoughts about what will become of vacant Staten Island storefronts.

 

As big box chains continue to close, a pressing question arises: what will become of vacant Staten Island storefronts? While the retail landscape has undoubtedly shifted in recent years, there is still potential for new and innovative commercial tenants to transform these empty spaces.


A New Retail Reality

It's been half a decade since Toys R Us left a colossal 39,000-square-foot gap in Richmond Avenue's retail scene. Shop Rite and SuperFresh have also vacated their premises, leaving Staten Island…

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How to Choose the Ideal Commercial Property for Your Business Success

In this comprehensive guide, we'll walk you through the key factors to consider when choosing the perfect commercial property for your business. 


By understanding these factors and conducting thorough research, you'll be able to make an informed decision and secure the right property for your long-term success.


1. Location, Location, Location

When choosing the ideal commercial property, location is critical. A prime location will not only attract customers but also ensure your business is accessible to suppliers, employees, and other stakeholders.


Keep these factors in mind when evaluating a location:


  • Visibility: Ensure the property is easily visible…

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Introduction:

Evaluating Your Options

When it comes to acquiring commercial property for your business, choosing between buying and leasing can be a difficult decision. Both options come with their own set of advantages and disadvantages, which can impact your business in various ways. 


This guide aims to provide a comprehensive understanding of the factors you need to consider when weighing the pros and cons of buying vs leasing commercial real estate.

Assessing Your Business Needs and Financial Standing

Understanding Your Business Objectives

Before diving into the specifics of buying or leasing, it's essential to evaluate your business objectives. Consider the following:

  • Expansion plans
  • Financial stability
  • Long-term goals

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