Things To Consider Before Signing A Commercial Lease In Killeen

by Administrator 11. April 2015 10:15

A lot of work goes into finding an appropriate commercial property on lease for your business. It is a very nerve-wracking and daunting task where many things need to be considered. It is absolutely critical that you do not rush into signing a commercial lease without weighing up its long-term consequences.

Given here are some important things that you must consider before signing a commercial lease:

  • Get A Written Contract: Even though this may seem to be obvious, many people ignore this important fact especially if they know the landlord or agent. Getting everything on paper is extremely necessary in order to protect your legal rights in the long run. 
  • Read The Fine Print: Lease agreements can be quite lengthy and contain some complicated details, legal terms and clauses. Due to this, many people just skip off reading it thoroughly which can lead to problems in future. It is essential that you thoroughly read and understand every single thing that has been stated in the contract. You can also consult a real estate agent for the same and ensure that all your queries are answered. He can help you get familiar with the terms and also suggest any changes for your benefit.
  • Check The Lease Term: This involves checking the time period for which you will be bound to the lease. You probably do not want yourself to be stuck to the place for a long time even if it isn’t working for you or the business needs expansion. You can negotiate the term with your landlord beforehand. You can go for a 1 or 2-year lease with an option to renew at the end of the term.
  • Know What The Rent Covers: Assuming that you would have to pay just the base rent is a big mistake. There are a number of additional charges such as utilities, garbage clean up, maintenance etc. that would come up as you maintain the property. You should ask your landlord if all these are included in the rent. Also, clarify as to who will be responsible for the costs of the entire repair work in the property.

We, at John Reider Properties, can help you find the perfect commercial space for lease in Killeen. For more information, you can call us at (254) 699 – 8300.

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Property Management For Commercial Properties In Killeen

by Administrator 17. March 2015 11:46

Purchasing a commercial property is one of the biggest investments and should be done after careful consideration. It may be one of your most valuable assets and thus it is important that you keep it properly maintained. However, most property owners do not have the time and resources to perform this task efficiently and hiring the services of a reliable property management company can be extremely helpful in this regard. They are experienced in dealing with the legal aspect of renting out a commercial property and have the resources to manage it.

Given here are some of the benefits of hiring property management services for commercial properties in Killeen:

  • Value For Money: This is one of the most obvious advantages of hiring a professional property management company. If you keep your commercial space well maintained, you will not only be able to attract quality tenants, but also receive a decent return on your investment. Both these things can pave the way of maintaining the market value of your commercial property.
  • Satisfied Tenants: A qualified and experienced property manager will take care of all the repair and maintenance work in your commercial space. He will frequently inspect the property to check if the tenants are facing any problem and make sure that all the repair and maintenance is done on time. With professional services, you can rest assured that your tenants are satisfied and likely to stay for a long period of time.
  • Happier Owners: Property management services can also bring peace of mind for the landlords, particularly those who own multiple rental properties. A property manager will take care of all the issues and problems concerning the rental business. He will be responsible for collecting rent, depositing it in your account, maintaining financial records etc. on your behalf.
  • Increase Profits: You can actually increase your profit margin from your rental income by hiring a professional property management company. They have a vast network of certified and affordable contractors whom they employ for the repair and maintenance work in your commercial property. Thus, when all the overheads are reduced your profit margins are sure to rise.

We, at John Reider Properties, provide complete property management services for commercial properties in KilleenTX. For more information, call us at (254) 699 – 8300.

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Tips On Buying Commercial Property

by Administrator 23. June 2014 12:46

For any kind of business, buying a piece of first class commercial property is a very important step. Business work out of company offices and to set up your own, you need a prime portion of commercial real estate that would serve your purpose and create the right kind of environment for you to make your business profitable and successful. Buying commercial property is a process that involves a number of different factors and nuances, all of which should be studied, researched and taken into account while making a decision of any kind. To ensure that you get on board with your business plans with the best available commercial property deal, there are a number of important roles that you have to follow.  You can hire the services of John Reider Properties to get all information and assistance on buying commercial property.

Also following these tips can hold you in good stead –

  1. The first step towards getting a great deal on commercial property is to think and behave like a professional. You need to understand that the process of evaluation of commercial property is very different from that apply to residential real estate. Commercial property is meant for use of the kind which brings in revenue and the larger the square footage, the more the revenue. You also need to have a powerful grasp on the way commercial property leases work. With a thorough understanding of these matters, you are more likely to get a better deal.
  2. Before you venture out to buy the commercial property of your choice, you need a master plan. Your plan of action needs to be thorough and comprehensive and should cover all the facets of the deal. Consider how much you will be capable of paying, the amount of space that you need and the kind of revenue you are looking to get with your piece of commercial property.
  3. The commercial real estate market is a place where, every once in a while, a really good offer shows up. You need to have the keen sense of assessment and a sharp eye for detail if you want to be able to single out those good offers and make the most of them.
  4. The commercial real estate market is pretty much driven by the customers. When you are buying commercial property, look for those sellers who are particularly motivated and want to sell their property as soon as possible, even if they sell below the current market price. These are the people with whom you can negotiate easily.

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Formulating A Commercial Lease In Killeen Tx

by Administrator 7. February 2011 09:58

A commercial lease is a document that states an agreement between two parties regarding the use of a space meant for commercial activities. It differs from a rental lease in significant ways in terms of the time period it is for and the clauses that are incorporated into it. You may feel the need to enter into such a lease in Killeen Texas if you are renting out your property to someone for commercial purposes or wish to take on a property on rent to run your own business. In such cases, you should be armed with the following basic information pertaining to formulating a commercial lease:

  1. Firstly, you need to know in what cases; the space in question needs a commercial lease. If the property is meant for running a business with the view to making profits, it will require a commercial lease to be given out on rent. Even if the area is meant for running a doctor’s office, it will qualify as a business activity under Texas law as the aim in such a case is profits in exchange for services that are being provided in the form of treatment.
  2. There are certain essentials that need to be present in every commercial rental lease. Without these factors, a commercial lease cannot be deemed as complete. They constitute some of the following:
  • The rights to privacy for the tenant need to be specified. The landlord and tenants are required to come to a mutual agreement regarding the hours in which the owner of the property is allowed to visit such property.
  • The safety and security issues pertaining to the tenants also need to be addressed by the landlord. The agreement must contain information regarding the course of action to be taken in case the tenants come to any harm due to construction faults of the building being leased out.
  • There are certain regulations that need to be specified in the commercial lease that will be special for each case. These will largely depend on the kind of business that is being run on the premises.

We at John Reider Properties provide complete rental services including finding commercial properties for rent, negotiating with landlords, finalizing commercial and residential lease agreement etc.  For more information, please call us at - 254.699.8300

Commercial Lease Harker Heights - Commercial Lease Killeen

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Commercial Property Rentals In Killeen Texas

by Administrator 4. January 2011 07:28

Killeen and the Fort Hood area in Texas is the largest military installation in the world today. This region is a great place to live or purchase commercial property because of the quality of life it offers for residents. Even if you wish to do business, Killeen is possibly the best bet as it has a booming economy. The neighborhoods are calm and peaceful with no disturbing factors. The residents living here belong to a high social class and exude a sophisticated appeal.

If you are looking to rent commercial property in Killeen Texas, there are a few important factors that you must bear in mind and queries that you should make:

  • While taking up a commercial property on rent, you should first narrow down your search to three best options and interact with the landlords in order to find out which of the options is best suitable to you. You may want to discuss various elements of engagement like hike in rental, clearances and fees from government agencies or any other disputes on the property.
  • You should enquire whether you will be allowed to make permanent, semi permanent or temporary adjustments in the structure of your commercial property to adapt it to your business needs or whether it is restricted. This point should be clear right from the very beginning as you can be in for some trouble if you are going to be running a franchise the outlet or office of which needs to look a certain way.
  • You should also ask your land lord whether you are allowed to register the property with the post office in your name so that you can receive your business related mail at the address.
  • The amount of security deposit should be known to you before you sign the contract so that you are not in for a nasty surprise later on. If the deposit amount seems too large and irrelevant to you, you should attempt to make negotiations.
  • A best way of getting a secure and safe deal is to rope in a property management/ commercial rental company who can help you with finding a property of your choice and creating a commercial lease agreement.

We at John Reider Properties provide complete rental services including finding commercial properties for rent, negotiating with landlords, finalizing lease agreement etc.  

Commercial Lease Harker Heights - Commercial Lease Killeen

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What All Includes In Property Management Services For Commercial Properties

by Administrator 28. December 2010 10:13

Commercial properties include those properties where the proprietor or lessee is permitted by law to conduct a business and earn profits out of it. The decision regarding the purchase of a residential property is largely personal and depends on whether you are able to see yourself living at a particular place or not. However, with commercial properties, a lot of planning and statistical evaluation is required and the choice in this case cannot be made lightly. It is advisable to hire property management services when you wish to enter the commercial real estate market. Property management services in case of commercial properties will include the following:

  • The firm will first ask for details regarding the business you wish to run in a certain property and the purpose you require it for before narrowing down your search to a few suitable ones. You can submit a certain criteria for the kind of property you want and ask your property manager to scout for the same. An assessment for your budget is also required before you invest in commercial property. Property managers then provide a list of suitable locations of the properties in accordance with your wishes.
  • Property managers can also be instrumental in helping you to provide finance for the commercial property you require whether you wish to buy it or take it up on rent. They can aid in completing the documentation required for acquiring loans and furnish suitable sources for finance. So, even if you do not have enough money, you can still obtain a property to your liking with the help of good property management services.
  • Property managers have the requisite know how regarding exactly how much a property should be worth and help you find good deals by negotiating the list price. They compare it with the prices and trends prevailing in the market and offer good advice on what commercial properties to invest in. They help you make decisions backed by strong statistics and figures to ensure that you make the correct choice. You are saved from making emotional or whimsical choices that you are bound to regret later on.
  • Property Management firms take care of legal work, rental collection, property upkeep and other necessary services required to manage a property.

We at John Reider Properties, serve Killeen, Harker Heights, Copperas Cove, Fort Hood and other areas in Central Texas. For renting, buying, selling and managing commercial properties, please feel free to contact us.

Commercial Lease Harker Heights - Commercial Lease Killeen

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Important Point To Be Considered While Formulating a Rent Lease

by Administrator 20. December 2010 13:25

A lease agreement is usually signed between a landlord and a lessee when a certain property has to taken on a rent lease. It is very important to have documentary evidence of a lease agreement in a detailed form so that it can be of help in case any conflicts arise in the future. In case there is any kind of disagreement regarding the lease taken later on, neither the land lord nor the tenant will have to waste his/her time visiting courts of law and getting embroiled in legal controversies as the lease agreement will have taken care of all possible eventualities. You should thus hire a suitable lawyer while signing a lease agreement so that you are absolutely clear about the legalities of the contract that you are getting into. You should also keep the following points in mind while formulating such an agreement:

  • If you are the lessee, you must be absolutely certain that the person who is leasing out a property to you is the actual and true owner of the property. The lease agreement should also state this fact and provide documentary proof of the same so that you are sure of not being defrauded in any way.
  • Apart from containing the figure of the amount of rent, it will be in the interest of both the contracting parties to also write in the date on which it is to be paid in the rental lease. This will help avoid conflicts and issues and help set up a systematic method of rent payment.
  • The rental lease should also clearly state the penalties to be borne by either party in case any of them wants to end the agreement before it officially comes to an end. The course of action to be taken should be listed while formulating the agreement.
  • Another important point that must be covered in the rent lease is the question of how much authority the owner of the property has of visiting it while the tenant is staying there. It should be decided if due permission of the tenant will have to be taken every time the landlord wants to visit the property for any reason.

 We at John Reider Properties, serve Killeen, Harker Heights, Copperas Cove, Fort Hood and other areas in Central Texas. For renting, buying and selling commercial properties, please feel free to contact us.

Commercial Lease Harker Heights - Commercial Lease Killeen

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Commercial Rentals Harker Heights

by Administrator 7. December 2010 11:51

Harker Heights is an area of booming business opportunities where it can be quite profitable to start a commercial venture. If you are looking to acquire a property on rent in this area however, you should be aware of some important points that will stand you in good stead once you are in the market for such a property.

  • Before you take a commercial property on rent in the Harker Heights area, you should first determine the time period that you will need the property for. If you intend to stay for a long time and run a permanent business from your chosen commercial property, you should negotiate for a rental agreement spanning over a few years. On the other hand, in case you only intend to stay for a short period, you should enter into a short term agreement as rental agreements are binding on both parties and difficult to get out of once signed.
  • You should be aware of the kind of landlord you are going to have and their proper contact information so that they can be approached if you find any discrepancies or problems with the commercial property you have taken on rent.
  • In case of a commercial property, it is vital to enquire about the parking facilities that are going to be made available to you by the property owners. These elements may be included in your main rental contract or in a separate contract according to which you may have to pay rental fees for the designated parking space assigned to your business.
  • You should be completely familiar with the rules and regulations governing the flouting of a rental contract. In the case of some contracts, if you wish to discontinue your contract, the security amount you may have deposited with your landlord may be lost. The contract may also require you to give prior notice before vacating your commercial property so that new tenants can be found by the landlord.

In case you do not have much knowledge of the real estate market, you should consider hiring a good property management firm that specializes in commercial rentals.

We at John Reider Properties, serve Killeen, Harker Heights, Copperas Cove, Fort Hood and other areas in Central Texas. For renting, buying and selling commercial properties, please feel free to contact us.

Commercial Lease Harker Heights - Commercial Lease Killeen

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Commercial Property Leasing Tips

by Administrator 23. November 2010 14:57

If you are looking for property to rent or are looking for tenants, there are certain considerations that you must keep in mind to ensure that you get a good deal. There can be certain unscrupulous people in the real estate market who may end up cheating or defrauding you if you are not cautious. If it is your first time acquiring a house on rent or renting out a property, it would be quite beneficial to keep the following tips in mind before proceeding to do the same:

If you want to rent a commercial property, you should conduct a study of the prevailing rent in the market for similar properties in that area. If your landlord however asks for a higher price, make sure that it is justified and some added benefits are being offered to you like free electricity, regular touch ups, etc. You must also be aware of the possible infrastructural developments of the surrounding area that may be in the pipeline to correctly determine the rent price.

Before you sign a lease agreement or any other kind of contract in relation to a property, you must hire a specialist to conduct a comprehensive valuation of the premises. The structure should be solid and able to withstand storms and light earthquakes. This is also necessary to find out about any kind of internal damage or small cracks that may be present in the structure thus weakening it.

As a buyer, you must remain cautious if the price offered on a property is simply too good to be true as there is likely to be a catch somewhere. You should not take impulsive decisions while buying or renting properties and wait for awhile until you are entirely sure that there is no discrepancy in the property on sale or rent.

As a seller or landlord, you can make a few repairs and touch ups to your commercial property or home to increase its value in the market. If there is an attached garden or outer area like a patio, make sure it is in good shape as this is the first look that the buyers will be exposed to when they approach to see your property.

We at John Reider Properties, serve Killeen, Harker Heights, Copperas Cove, Fort Hood and other areas in Central Texas. For buying and selling commercial properties, please feel free to contact us.

Commercial Lease Harker Heights - Commercial Lease Killeen

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Commercial Property Options in Killeen

by Administrator 25. October 2010 15:59

Killeen is a city located at the Bell county in Texas, USA. With a population of 120,000 people in the state, the city is mainly habitat by the containment of Fort Hood. Fort Hood military base is in fact the reason of highest employer in the city followed by schools, colleges, hospital and various departmental stores. Buying a commercial property in Killeen is a challenging task. Commercial property refers to the real estate property which is mainly being used for commercial purposes like commercial establishments, such as businesses, departmental stores, shops and other establishments.

If you are looking for investing in commercial property, make sure that you buy the properties at prime location. The location of the property plays a crucial role in deciding its value. Try to buy the property nearer to the main roads, as the value of the properties at the main roads is much higher than those at the interior lanes. Most of the owners of commercial property lease them out for long terms. If your property is located at the prime land, then you may find some of the big corporate seeking it on rent/lease. In that case, you can expect continued revenue being generated from the property on a consistent basis.

Businessmen who are looking to get a commercial property on lease for a long term, they need to research a little before entering into the final agreement. They need to make sure that the title of the property is clear and has no disputes. Apart from the location, a buyer is also required to look for other amenities being provided in the property. Doing a thorough research about the property including the price is a good practice. For this, they can visit Real Estate agencies like John Reider Properties to find about different options for commercial property available for the buyers.

Commercial Lease Harker Heights - Commercial Lease Killeen

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