Toggle Sidebar
News Feed
Recent Updates
  • Silvia Metrena
    Silvia Metrena just registered on the site
  • Silvia Metrena
    Silvia Metrena unlocked the badge Newbie
    Newbie
    Congrats on registering on the site!
  • John Caputo
    John Caputo just registered on the site
  • John Caputo
    John Caputo unlocked the badge Newbie
    Newbie
    Congrats on registering on the site!
  • Gerald Lawrence
    Gerald Lawrence just registered on the site
  • Gerald Lawrence
    Gerald Lawrence unlocked the badge Newbie
    Newbie
    Congrats on registering on the site!
  • Leasing Office Space - Part 13 of 23 Due Diligence

    posted in Other Legal Areas on Tuesday, 06 April 2010

    OnlineIn most cases, the information from the services will adequately address the issue of criminal activity near the office space you're considering. However, the most current and contextual data you'll be able to obtain is from tenants at the property and local police officers.Speak to TenantsTenants at the property where you're considering leasing office space can be a wonderful resource. They can provide information regarding crime in the area, problems with traffic, problems with ingress and egress, problems with parking, and other issues in the office building. Letter of Intent (LOI)Office space negotiations are complicated and time-consuming. Once you have located the office space that is ideal for your business, the next step is to negotiate an agreement that protects you and is acceptable to the landlord. Industry practice for office space is to negotiate a letter of intent before negotiating the lease.Use an Attorney!Engage an attorney to assist in the letter of intent negotiation. It probably seems that the letter of intent is informal and can easily be negotiated without an attorney. However, there are issues you should address in the letter of intent which may not be obvious if you have not previously negotiated letters of intent for office space.Wow! This is ComplicatedCommon factors for a office space letter of intent include: defining the parties (lessor and lessee aka landlord and tenant), defining the space, defining the rent, the initial term, any renewal options, rent for renewal option period(s), the day when lease payments commence, the date of occupancy, the condition of the space when the landlord provides it to the tenant, tenant improvement allowances provided by the landlord, who performs the tenant improvements, whether union labor required for tenant improvements, whether the tenant required to use a general contractor for tenant improvements (TI), who pays for the cost of the ADA compliance, who maintains what (i.e. roof, HVAC, electrical, plumbing, etc), who pays which expenses, calculating the payment for expense escalations, free rent, and identification of the broker and payment of the brokerage fee. The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses - multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments. This capacity to research, analyze and interpret market trends and the impact of specific transactions is a major reason for why developers and acquisition experts rely on O'Connor & Associates for market research, market studies, cost segregation, feasibility studies, rent studies, tax credit studies, project design guidance, property performance evaluation and lease audits. O'Connor & Associates is an acknowledged source of trends in real estate investing and market activity.

  • Immigration Law Trends and Developments

    posted in Other Legal Areas on Tuesday, 06 April 2010

    In this day and age one of the most contentious areas of the law involves immigration issues. Through this article you are provided with an overview of trends and developments relating to immigration law at this juncture in time.The most significant arena in which immigration law trends and developments needs to be considered involves the number of men, women and children who currently are in the United States illegally. While no one really knows for certain, it is estimated that there are at least 12,000,000 people in the United States illegally at this point in time. A considerable percentage of this number of people originally hail from Mexico. However, it is important to keep in mind that there are a considerable number of illegal immigrants within the U.S.A. from other countries as well.Historically, this is not the first time in the history of the U.S.A. that immigration issues have been on the forefront of the minds of people across the country. However, with that said, the present situation does involve a larger number of illegal immigrants than were under consideration in the past. For example, in the 1980s during the Administration of Ronald Reagan an issue involving immigration law arose involving 3,000,000 illegal immigrants that were said to be living in the country. The Reagan Administration essentially granted to these immigrants amnesty which allowed them to take a course through which they could become legal citizens of the United States.The debate over how to best handle the 12,000,000 plus illegal immigrants is contentious at this juncture in time. In point of fact, despite this debate being ongoing for a significant period of time, no definitive solution has been reached.One part of the debate involves the reality that these people in the country illegally are playing a role in the economy of the United States. Business owners have expressed concern that forcing these individuals to leave the country very well could have a significant impact on the economy of the country. This has become a particularly significant serious consideration considering the other problems facing the economy in the United States at this juncture in time.Another concern that people express when it comes to illegal immigrants in the United States centers on the prospect that some of these individuals in the country illegal could be intent upon doing harm to the country and its people. Terrorism is a major concern in this day and age and it does impact the debate over illegal immigrants.If you are an individual who has an issue in regard to his or her status in the United States, you do need to understand that there is a growing segment of the bar that is dedicating its practice to immigration law. Therefore, if you are facing the prospect of having to deal with the legality of your own status in the United States - or that of a family member - you will want to engage the services of a skilled and educated lawyer who practices in the area of immigration law to ensure that your own interests are protected today and into the future.

  • Mark Schloegel
    Mark Schloegel just registered on the site
  • Mark Schloegel
    Mark Schloegel unlocked the badge Newbie
    Newbie
    Congrats on registering on the site!

Member Login