Today we honor the veterans who have fought to protect our freedom and those in other countries. I’m a proud to say that I have a number of veterans in my family including, my father, my mother in-law, father in-law, my brother in-law and another brother in-law. I appreciate their service!
Condo For Sale. Inviting corner unit offering 2 bedrooms and 1 bathroom, open concept living room dining room perfect for entertaining or enjoying cozy dinners. Brand-new stainless steel appliances and access to a spacious private patio—ideal for summer BBQs or relaxing with your morning coffee. Custom closets & a beautifully remodeled bathroom adds a touch of luxury to your daily routine. Additional perks include in-unit laundry and a pet-friendly building. Outdoor grills allowed. Washer/dryer included. Situated at the corner of Kenmore & Catalpa, this move-in-ready condo is just steps from the lake, parks, grocery stores, trendy dining spots, shopping, and public transportation, offering the ultimate urban lifestyle. These condos are rarely on the market. Investors welcome => You can buy it and rent it!
This a the first of a series of 3 blogs explaining the different types of commercial rent structures.
When leasing commercial space, understanding the type of lease agreement is crucial. One common lease type is the gross lease, which is also sometimes referred to as a full-service lease. But what exactly does a gross lease entail, and is it the right choice for your business? Let’s dive into the basics and look at a practical example.
A gross lease is a lease structure in which the tenant pays a fixed rent amount, while the landlord covers most, if not all, of the property’s expenses. These expenses can include property taxes, insurance, maintenance, and often even utilities. For tenants, this type of lease provides predictable monthly costs, which can make budgeting simpler and easier.
Because the landlord assumes responsibility for property expenses, gross leases are often found in office buildings and shared commercial spaces where landlords manage the majority of building operations.
Imagine renting office space in a large office complex with a gross lease. As the tenant, you pay a set amount each month. This amount is inclusive of the costs associated with property taxes, building insurance, and maintenance. The landlord handles all maintenance and operational expenses, such as cleaning common areas, maintaining landscaping, and ensuring the building is secure.
With this setup, you’re able to focus on running your business without worrying about additional costs. Gross leases can be ideal for businesses looking for predictability and simplicity in their lease agreements.
If you value consistent expenses and prefer not to manage variable costs like maintenance and insurance, a gross lease may be an excellent fit for your business. However, it’s essential to clarify which specific expenses are covered under your gross lease, as lease structures can vary.
Sharon Kantor Bogetz, MBA is a commercial real estate broker licensed in Illinois and Indiana. She works with owners, tenants and investors.
Just sold another 2 bedroom, 2 bath condo in Chicago’s Winston Towers condo complex.
When selling or leasing a dental office, creating an attractive and functional space can significantly boost your property’s appeal to prospective buyers or tenants. Here are five key improvements to make your dental office more marketable:
By making these updates, you can significantly enhance the value and appeal of your dental property, ensuring it stands out in a competitive real estate market. If you are not sure how to start, contact Sharon Bogetz, Century 21 Commercial Realtor and expert dental realtor for a free consultation.