Starboard Commercial Real Estate

Starboard TCN Worldwide Commercial Real Estate | June 26, 2009

Can you afford your current rent? Why move, realize immediate savings with rent modification transactions resulting in lowered rental rates while providing you budget stability.

Tenants today have the ability to renegotiate their lease terms according to their current business needs, despite the fact that there may be several years remaining on the lease. The result is real cost-savings for both the tenant and the landlord.

Read more about lease modification transactions!

Through a lease modification transaction known as 'blend-and-extend' leases, tenants can use the allure of an early renewal to renegotiate a lease, often injecting advantageous new terms such as lower rents and additional capital improvements. The landlord avoids vacancy costs, full brokerage fees and heavy tenant improvement costs.
Posted 10 years, 4 months ago on June 26, 2009
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Re: Lease modification transactions - known as 'blend-and-extend' leases
We are seeing a lot of this lease renegotiating in the Los Angeles market. Tenants are asking for lower rent but extending their term of the lease. With an unstable market many landlords are opting to assist their quality tenants and maintain their occupancy.

2009/07/23 by la office space wwwReply
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Re: Lease modification transactions - known as 'blend-and-extend' leases
We have created a similar service approach we call "Property Performance Analysis" (PPA) that addresses the two-sided question, "How is the lease performing for the Parties?" As you point out, the Tenant and the Owner are both facing unprecedented down turns, threats to stability and financial solvency in some cases. Smart business partners (a.k.a. "The Parties") must do what they have long loathed...renegotiate.

Donald Teel - President & CEO, Arizona Commercial.

2009/10/13 by Donald Teel, Arizona Commercial wwwReply
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