Friday, June 19, 2009

More Information About "Gross Up" Clauses in Leases


If your lease has a "Gross Up" clause in the lease, you need to understand the ramifications this has on your operating expenses that are passed through to you by your Landlord. Operating expenses are tracked each year and in most commerical leases in large buildings, the Landlord is required to send you an accounting of these expenses. It is very difficult to understand as the expense summary does not provide you the underlying details. If your lease allows for an audit, you can obtain the additional information.

The underlying details show how expenses were computed. This includes the occupancy of the building for the period in question. The "Gross Up" provision in your lease allows the Landlord to pass on charges to you as if the building were occupied to a certain level. In my next blog I will go into more detail about how this can impact you positively and negatively.

Call me, Sonny Moyers, if you have questions about your lease and these provisions in your lease. My cell phone is 469-261-5715. I provide Advisory and Consulting services in the United States as well as Brokerage Services in the State of Texas.


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Thursday, June 18, 2009

Gross Up Clauses in Real Estate are Maddening...


If you have been dealing with your Landlord and are totally confused about the gross up clause in your lease, you may need to take a sedative as this is one of the most complex concepts in all of Commercial Real Estate.

The "gross up" clause is seldom understood by tenants and Tenant Representatives alike. It provides a mechanism to allow the building to treat you fairly in the beginning year of your lease, but provides an opportunity for the Landlord to pass on charges to you later in your lease. The math is complex and the building does not like to discuss this issue. Come back soon and I will continue my discussion of the "gross up" clauses in commercial leases.

Call me, Sonny Moyers, if you want to talk further about this matter. My cell phone is 469-261-5715.

Google Sonny Moyers to learn about me and my services.
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Monday, June 15, 2009


Things to Look for When Interviewing a Real Estate Agent

Most of us have heard that first impressions are important. There is a reason for this thought process. First impressions are like gut reactions. Many times your first impression or gut reaction is a true indicator of what is to come.

If the agent is dressed poorly or overdressed for the occasion you will begin to form an opinion about them and their professionalism. Some listing agents are rather avant-garde while others are very conservative. Keep in mind, you must be able to work with this agent after the listing is signed and you want to visit with them about their marketing program.

Things to look for in personal appearance include the agent's overall appeal. Will prospective buyers and agents who meet your representative find them friendly and professional and well organized?

Does the agent dress professionally and would they represent you in a negotiation the way you would like to be represented? Watch out for agents that smell like cigarette smoke, dress inappropriately, or present their materials in a sloppy manner.

When the agent arrived at your home for the initial interview, did he gather the appropriate information and give you an opportunity to share the be positives and negatives that you believe will affect the sale of your home?

Did the agent talk to you about your home and understand your goals and objectives? Many agents arrive for the listing appointment having never seen your home and therefore cannot take into consideration the features, design, and sizzle factors of your home when compared to similar homes in your area. All homes have positive factors that must be accentuated. The key to marketing your home, is to emphasize the positive factors in order to minimize the negative factors.

Does the agent understand your needs regarding the financial aspects of selling your home. Did they take into consideration the time frame required to meet your needs in putting your home on the market, properly marketing your home, and working toward the achievement of the objectives of getting your homes sold?

When the agent arrived for the appointment did it appear that they had taken the opportunity to list your home seriously? Did they treat the meeting as an important interview and demonstrate proper preparation for your interview?


Did the agent have a thorough understanding of the homes that were used in the comparative analysis? Did the agent have first-hand knowledge of the homes that were used in the analysis or obtain specific data to support the recommendations regarding price comparison?

Did the agent understand the architectural design and positive features of your home compared to the market situation now?

Many agents allocate a small amount of time for each appointment. When the agent you're interviewing arrived, did they devote enough time to properly explain their analysis and provide time for your questions and answers.

In our next blog, we will continue our discussion about behavioral traits to look forward in selecting an agent.

Contact: The O'Dea Moyers for additional information!
972-464-4100
Office 972-464-4100
Fax 972-464-4151
Home Office: 972-712-6777
Cell: 469-261-5715
Message Center: 972 733 9549
Email: sonny@thesingularsolution.com & judi@ebbyhomesdfw.com



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