The Importance of a Commercial Property Manager in Real Estate
You are leasing space in a commercial building alongside various other businesses. The property is beautifully maintained. The exterior is clean. The landscaping is neat. The building is filled with businesses that get along. Any broken fixtures are repaired quickly. All of this is thanks to the ...
Read MoreWhat Is the Kenwood Community?
Published 2020. Updated October 12, 2023. If you've read much on our website or blog or talked to any of our team members, you've probably seen the term "Kenwood Community," but what do we mean by that? Our approach to owning and managing multi-tenant properties is a little different than you might ...
Read More5 Steps to Prepare for Signing a Commercial Lease Agreement
Published June 12, 2019. Updated September 21, 2023. Understanding the mechanics of commercial leases is very important to managing business risks. Business owners must always read the fine print, understand what they're committing to, and plan their exit strategy well in advance. That said, it's ...
Read MoreAll About Common Area Maintenance Expenses and Commercial Leases
Published May 19, 2021. Updated September 7, 2023. As a tenant, you have most likely discovered that common area maintenance expenses (CAM) are often one component of the total monthly rent for your commercial space. However, many tenants simply pay the amounts billed on their monthly statement ...
Read MoreCommercial Tenant Improvements — From Design to Completion
Published April 13, 2020. Updated June 27, 2024. When the day finally arrives, and you are ready to sign a lease agreement with your landlord, you feel excited to begin a new chapter for your business. Negotiations went well, you are comfortable with the lease terms, and you are ready to celebrate ...
Read MoreWhat’s The Purpose of a Tenant Estoppel?
Updated August 17, 2023 Kenwood Management routinely completes commercial property sales. As part of the normal sale process and the due diligence performed by the buyer, we are often required to provide a tenant estoppel certificate for each tenant to execute.
Read MoreWhat to Avoid When Choosing a Commercial Rental Space
Knowing what you want in a commercial rental space is a great start. However, it's equally important to understand what you don't want to help you narrow your search and avoid common pitfalls. There's a lot to consider when launching a new business, but finding the right space is critical to your ...
Read MoreHow to Avoid Losing a Lease for Commercial Rental Space
Having your heart set on a commercial rental space and then missing out is not only a frustrating experience — it can also throw a serious glitch in the works regarding your planning, finances, and business momentum. Planning and preparation are excellent, but moving quickly on a great deal is ...
Read MoreHow to Make Sure Your Commercial Building for Lease Has What You Need
Choosing the perfect commercial building for lease is one of the most critical business decisions you will make. You want a space with the right feel, aesthetics, and design for your business but also want to make sure the critical markers like size, amenities, and location are covered. Once you've ...
Read MoreCommercial Real Estate Classes: Which One is Best for Your Business?
For ease of grouping and identification, commercial buildings are classified into commercial real estate classes based on characteristics such as age and condition. These classifications are known in the property world as classes A, B, and C (and sometimes D). Determining which class is best for ...
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