Vintage Realty LLC

Description

Today's world reflects "specialization" in most every work environment. You wouldn't go to a Podiatrist for sinus problems the same as you wouldn't go to a residential agent for a commercial real estate need. The knowledgeable commercial agent understands current market conditions and will gladly do the 'footwork' required to ferret-out the property that best fulfills your needs (Saving you time and allowing you to do what you do best - your own business). A Commercial real estate Agent will do the following: Survey the market to determine all available opportunities; Assist in the Client's process of evaluating the various locations; Provide insight and counsel regarding the relationship between buyer/seller, or tenant/landlord; Assist in negotiations; Finalize the transaction, making sure that all documents and legal requirements are met and make sure that all time requirements and other milestones are achieved. -What is a Buyer/Tenant Representation Agreement? A Buyer/Tenant Representation Agreement creates a special agency between the broker (as the agent) and the Buyer/Tenant (as the principal). The broker is engaged to find the buyer or tenant a suitable property. It places the principal on a level of having an "in-house" real estate agent. Usually, this is done at no cost to the principal. -What is a "Sale-Leaseback?" A Sale-Leaseback is comprised of two separate but simultaneous transactions involving the same piece of real estate: 1) Sale of the real estate by its owner/user to an investor, and 2) A Leaseback to the seller by the buyer/investor, permitting the seller to have continuing rights to use the property under the terms of the lease. -What is Title Insurance? Title Insurance entails the issuance of an insurance policy that promises that if the state of the title is other than is represented on the face of the policy and, if the insured suffers loses as a result of the difference, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy. Title insures, unlike property or casualty companies, operate under the theory of risk elimination. -What is an "Estoppel Certificate?" Generally, a Tenant Estoppel Certificate serves two main purposes. First and foremost, it provides the buyer or lender with pertinent information on the current status of such things as rental schedules, security deposits, rental offsets, tenant improvements, etc. Second, it prevents the tenant from later contradicting the information contained in the certificate. -What are the duties of a Property Manager? A Property Manager's primary objective is to maintain the rental property and account to the owner. It is not enough for the property manager to maintain a casual attitude of - "when I get around to it, I will do it.

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