Monster Commercial Archive for June, 2012
A tenant should have his/her lawyer determine that the property is properly zoned to permit the tenant’s use of the premises, and to make absolutely sure that the landlord’s lands are properly zoned so as to permit a shopping centre or whatever development is contemplated.
Last year, Rockwell Automation completed the first of two phases of a lighting retrofit at its Cambridge, Ontario warehouse. Following an energy saving audit, completed by Think Green Solutions, it was found that the current use of the traditional 400 watt metal halide fixtures was not in the best interest of the company for several reasons.
For start-up companies, companies with little operating history or companies looking to lease space for a short term, a sublease may be the way to go. Tenants who shed excess office space usually offer it at below-market rents, include furniture and tend to be less stringent on credit-worthiness than building owners.