Lease a Business Building: Negotiate the Best Deal
4.7 (3 ratings)
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Lease a Business Building: Negotiate the Best Deal

How to Find & Lease a Commercial Building
4.7 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
523 students enrolled
Created by Regina P. Brown
Last updated 5/2015
English
Current price: $10 Original price: $95 Discount: 89% off
1 day left at this price!
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Includes:
  • 2.5 hours on-demand video
  • 2 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Discover the difference between residential and commercial leases.
  • Hire a real estate tenant broker to represent you at no cost to you.
  • Find a building and research it thoroughly.
  • Learn the process of leasing a commercial building, including office, restaurant, warehouse, and retail shop.
  • Calculate the total lease amount to ensure that you can afford it before signing the lease.
  • Negotiate to get the lowest price, most free rent, and other terms that benefit your business.
  • Locate the ideal team to help you build out your tenant improvements.
  • Get legal help from your real estate attorney interpreting and refining the contract.
  • Ensure you are adequately prepared and won’t default or get evicted.
  • Terminate your lease and get a full refund of your security deposit upon vacating the premises.
  • Use your commercial building as a place to grow and expand your business, and increase your profitability.
  • Define industry abbreviations and terms such as “TI”, “NNN” and “Gross Lease”
  • Get 10 free bonus handouts, including budgets and worksheets
  • View 10 sample real-life documents.
View Curriculum
Requirements
  • • Commercial tenants should have paper and pen handy to take notes. They will need a printer if they want to print the handouts.
  • • Students should have an open mind and be prepared to try the actions described. They should have a willingness to learn and be ready to take action.
Description
As a small business owner, you need to lease a building. We will show you how to negotiate the best deal for any type of commercial building: office, retail, warehouse, manufacturing, professional, industrial, or restaurant. We’ll explain the contract, review a sample budget, and give you tips for negotiating that put you in the driver’s seat. In Step 1, I will show you how to plan your business property needs and wants. In Step 2, I show you how to locate, select, and evaluate a potential building to determine if it meets your needs. In Step 3, we review clauses that may be included in your lease, and discuss negotiation tactics. In Step 4, we discuss the importance of a budget in calculating your costs. We also include fabulous bonus materials that you can keep for future reference.
Who is the target audience?
  • • This course is designed for small business owners, entrepreneurs, and independent contractors.• Any business person who needs to rent a commercial business building for the first time can benefit from this course.
  • • This is NOT for advanced commercial tenants who are already familiar with the process of leasing a commercial business building.
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Curriculum For This Course
Expand All 29 Lectures Collapse All 29 Lectures 02:30:13
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Introduction
5 Lectures 28:29

Welcome! This lecture describes the course.

Welcome
02:28

This is my story based on many years' experience leasing 5 different commercial buildings.

Story of an Aspiring Entrepreneur
07:15

In this lecture, we give you an overview of the steps included in this course, and the benefits you will gain after completing this course.

Preview 01:44

This lecture discusses many of the major obstacles that small business owners face when leasing a commercial business building.

Major Obstacles
07:00

This lecture reviews the major differences between residential and commercial landlords.

Preview 10:02

Review Intro
3 questions
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Step 1: Plan Your Needs
4 Lectures 23:33

In this lecture, I show you how to understand your company's needs and wants for a commercial lease.

Your Needs Checklist
12:13

In this lecture, I show you how to stretch your business budget with affordable alternatives instead of committing to a long, expensive lease.

Affordable Options
05:42

Who are the partners you need on your side? Find out in this lecture.

Team Members
03:46

This lecture discusses the benefits of hiring a (possibly free) tenant broker.

Hiring a Tenant Broker
01:52

Review Step 1: Plan Your Needs
3 questions
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Step 2: Locate, Select, and Evaluate Building
3 Lectures 17:59

In this lecture, we show you various methods to locate your ideal building.

Locate Building
04:05

Once you locate your ideal building, how do you evaluate it? We show you how.

Preview 04:18

What type of research do you need to do in order to perform your due diligence? We cover that in this lecture.

Due Diligence Research
09:36

Review Step 2: Locate, Select, and Evaluate Building
3 questions
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Step 3: Contract & LOI
4 Lectures 40:59

What types of fees will you have to pay? We review that in this lecture.

Lease & Additional Charges
11:57

LOI (Letter of Intent)
14:49

Lease Clauses
09:58

Qualifying Criteria for Contract
04:15

Review Step 3: Contract & LOI
3 questions
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Step 4: Budget & Costs
2 Lectures 14:40
Budget / Cost Checklist
07:52

Calculate Total Rent (Sample Chart)
06:48

Review Step 4: Budget & Costs
3 questions
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Step 5: Moving In
3 Lectures 08:49
Timeline for Moving In
03:18

Move In Checklist
02:59

Interior Inspection
02:32

Review Step 5: Moving In
3 questions
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Step 6: Terminating Lease
2 Lectures 11:02
Exit Strategies
06:52

Terminating / Moving Out
04:10

Review Step 6: Terminating Lease
3 questions
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Conclusion
4 Lectures 04:37

Let's review this course you just completed.

Summary
01:57

Here are the action steps you need to take in order to be successful.

Action Steps
01:01

Our contact info.

Contact Us
00:59

Thank you for joining us here today.

Thank You!
00:40
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Bonus Forms & Samples
2 Lectures 00:05
Review Conclusion
3 questions

Here are 9 sample forms for you to review and learn from.

Sample Forms
00:03

Here are 7 bonus forms that you can download as course handouts, FREE!

BONUS Forms
00:02
About the Instructor
Regina P. Brown
4.7 Average rating
22 Reviews
882 Students
4 Courses
Instructor / Author / Trainer

Regina P. Brown, a leader in her community, is a licensed Real Estate Broker in California since 1988. Her passion is helping families create a legacy through financial education. She offers real estate seminars and consults extensively with clients one-on-one. She's experienced 2 full real estate economic cycles and has successfully solved many challenging situations.

Ms. Brown is a strong advocate for families, consumers, and her clients. Her mission is to:
· Raise the bar for real estate and mortgage industry professionals
· Educate consumers, be an advocate, and help bring positive change to our economic system
· Assist families to increase their financial knowledge, economic independence, and wealth freedom through individual counseling and published resources

Educated with a degree in each Real Estate and Small Business Management, and armed with a Technical Writing Certificate, Ms. Brown uses her skills to advise her clients; but also as a contributor to the community and professional associations. Her experience includes Habitat for Humanity board member and volunteer, ePro Realtor® certification, active member and participant with the local Realtor® Association, and leadership roles.


Ms. Brown attends continuing education classes and stays abreast of the ever-changing real estate industry. She is trained as a Loss Mitigation Consultant. She also teaches a seminars to real estate agents. Ms. Brown looks forward to helping shape the future of the real estate industry and American family economics. Thank you for the opportunity to serve you!