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What is Mixed Use Property?

What is Mixed Use Property?

The simple definition of a mixed-use property is a piece of land or a building that contains both residential and commercial space. As its name implies, a mixed-use property includes a mixture of residential and commercial property. In addition, mixed-use developments can contain cultural buildings such as museums, entertainment venues like theaters, and institutional buildings such as hospitals or colleges.

What to Expect From a Commercial Lease Agreement

What to Expect From a Commercial Lease Agreement

It’s a big investment for any business to sign a commercial lease agreement. The agreements in a contract between a landlord and lessee can either help or overwhelm. Especially with different interpretations, a contract can create if vague language exists. Some terms to consider are the length of lease, rent, and whether a lease is net or fully-serviced. It’s in the best interest of an incoming business and the property owner to fully understand their entitlements or lack thereof.