In Michigan, commercial leases have several variables affecting the terms and methods used to calculate rents. Understanding the most common commercial leases and the mechanics of those calculations is crucial for tenants to ensure their lease contract is fair and...
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Commercial Real Estate
Can you sell an operating business and commercial real estate together?
It is possible to sell a commercial property and an operating business together in Michigan. However, it is not always advisable. It can be a tricky process that has numerous pitfalls. Business brokers are ideal for the valuation of a business If you’ve been operating...
Real estate comps: what whey are and how to find them in Michigan
Comps, or comparative market analyses, are an important part of the real estate process. They help you determine the value of a property to ensure you make the right offer. Here’s what you need to know about real estate comps. What are real estate comps? Real estate...
Different types of commercial real estate
Commercial real estate properties ca be income-producing assets. In Michigan, there are several different types of properties from which to choose. Here is a brief overview of the major categories of commercial real estate. Multifamily Commercial multifamily...
What types of commercial leases are available?
If you're looking to open a business in the Michigan area with offices or a storefront, you may need to sign a commercial lease. As commercial real estate can be more difficult to navigate than the residential equivalent, it is important to know the different types of...
What essentials should you know about commercial real estate?
People looking for their first commercial property in Michigan often make the mistake of treating it the same way that they would treat residential real estate. However, commercial real estate often operates differently. In order to maximize your investment, you...
There are many ways to invest in real estate
Investing in real estate can be an effective way to diversify your portfolio and maximize the return on your capital. There are many ways that you can invest in real estate such as buying homes, apartment buildings or plots of land in Michigan. You can also contribute...
What are commercial mortgage-backed securities?
Commercial mortgage-backed securities play an important role in the real estate market in Michigan. They are a useful way to get access to the market without having to own property and they are a key tool for investors. The MBS A commercial mortgage-backed security is...
Weigh the pros and cons of commercial real estate investments
When evaluating commercial real estate as an investment in Michigan, it's essential to perform due diligence on the property. This action can be critical to your success as you don't want to choose a poor location or get stuck with negative cash flows. Taking time to...
What is encroachment and how can it be remedied?
Buying a new home is exciting for any Michigan resident. However, it’s important to understand the issue of encroachment and how it can be remedied. What is encroachment? Encroachment is a common issue in real estate that occurs when something you own violates your...