Evan Keith Langert's (gluna1) Blog

The term "base year" refers to the payment of property expenses under a lease.  The term "triple net" generally portray a situation where the tenant reimburses the landlord for taxes, insurance, and common area maintenance of the property (in addition to paying base rent for its space).  A gross ...

It seems like an innocuous clause hanging out back there near the end of a sixty or eighty page lease, but what is the significance of this clause for you as a tenant? Hopefully, your lease term goes on from beginning to end without a hitch.  You pay the rent on time.  The landlord fixes what bre...

A radius clause is a clause typically found in a retail lease that prevents the tenant from opening another location within a certain distance of the leased location.  It is usually from 2-5 miles, but is heavily dependent upon the location.  The density of a major city is going to require a pret...

It sounds simple.  You need 10,000 sq. ft. of warehouse space to house your inventory, and to do some light manufacturing or assembly.  You drive around the local warehouse districts and industrial parks, and you find a place that suits every one of your needs.  So, you sign a lease, and you are ...

I have frequently represented both landlords and tenants.  So, occasionally one of my posts may seem to benefit either one side of the table or the other.  This is a post for primarily for landlords. Quite often, a tenant will come to the table seeking to have a corporate entity, LLC, or other li...

Over twenty three years, I have been involved in the negotiation of retail and office leases in over twenty states.  I've negotiated with retailers such as Lord & Taylor, Circuit City, Starbuck's, and Outback Steakhouse, and with office tenants such as Met Life, Fed Ex, Clear Channel Communicatio...

Section 1031 of the Internal Revenue Code provides the limited opportunity for property owners to defer taxes on the sale of a property used in a trade or a business or an investment property.  The property obtained as a replacement has to be "like kind" property, but that term often confuses peo...

Real estate is a tangible, visible thing.  Most people prefer to have their real estate investments nearby where they can drive by them and make sure that everything is as in good shape.  They take comfort in knowing that their investments are in an area that they know, and that they are familiar...

Part of my job is to keep up with the economic forecasts...both for the San Francisco Bay area and nationally.  Most economists see the bottom of the real estate market occuring some time in 2009.  That means that investors would be smart to begin looking for bargains out there.  In real estate, ...

If you aren't a leasing pro, you might hear terms get tossed around like "triple net" and "industrial gross", but you have no idea what they mean.  Basically, they refer to the portion of the operating expenses of the property that the tenant reimburses the landlord for under the lease.  In the v...