Speaking Leasenese: The Secret Language of CRE Leases

You’re a business owner, or, you might be planning to open up the doors to your very own operation. This means you’ve developed specialized, expert lingo within your industry like it was your mother tongue, and have commanded  the art of having hard-ball business conversations without breaking a sweat. You may even be bi-lingual, or multi-lingual because of your business, and are extremely knowledgeable about industry terms in those many  languages . If this is the case, you might think that speaking commercial real estate (CRE) is no different that learning any other language you’ve mastered. This is where you’d be dead wrong.

See, not just anybody (even the sharpest knife in the drawer) can speak fluently on  commercial real estate leases, or what we like to call “Leasenese” at Mazirow Commercial, Inc.. It’s a secret language  that only professional individuals immersed in the dealings of commercial leases, such as an experienced tenant representative, can thoroughly understand.

Because this is a common reality for the majority of business owners, we here at at Mazirow Commercial, Inc. want to clue you in on the dangers, and potential risks of attempting to decode Leasense on your own.

It’s far too easy to get lost in translation when trying to interpret intentionally confusing commercial lease terms, especially if you’re a new business owner with no previous exposure to the crucial conversation processes, and lengthy contract reviews that happen throughout CRE negotiations. Without the fine tuned fluent ear and experienced eye of a tenant representative, you may be signing a lease you truly don’t understand–which in the long run can be detrimental to your business’s success.

Some of the misinterpreted details can include:

–  Tenant liability for all increased utility costs including water, heating electrical and gas.

–  Tenant liability for janitorial services.

– Tenant responsibility for outside building maintenance or repairs, and lobby or hallway housekeeping.

Our team at Mazirow Commercial, Inc. is dedicated to helping business owners of Los Angeles, Ventura County and Southern California avoid this banal, but devastating mistake by acting as your lease interpreter.

Our founder and President, Sheryl Mazirow has over 30 years of lease negotiation experience to help you clarify the secret language of CRE, and expose the hidden details of your lease to keep you fully informed of your total expense from the first sentence uttered in regards to your lease.