Top Technology Considerations for Multifamily Housing Complexes

Posted on September 10, 2021 by bafcorp20

With the eruption of technology in the latest years, commercial proprietors and real estate developers are left with no choice but to incorporate such innovations into their designs. When it comes to apartments and similar multifamily housing complexes, the same need applies. Continue reading to learn some of the top technology considerations for multifamily housing and apartments, as well as where to get superior commercial general contracting in Central Indiana.

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Tech Charge of Your Commercial Build

The multi-family housing industry is competitive, making the incorporation of advanced technologies essential as most consumers today demand such technologies. As a commercial proprietor or real estate developer in Indiana, it is your duty to remain competitive by evolving with the changing technologies and innovative advancements available in your industry. Take charge of your commercial build or renovation by incorporating the advancements that take our society to the next level of optimal functioning and safety.

Commercial Tech Advancements to Consider

As for multifamily housing and apartment complexes, some of the top technology advancements to consider include touch-free designs and systems, solar power, Eco-friendly applications, and digital technologies.

Touch-Free Designs

There are various touch-free designs and no-contact systems you can incorporate into your multi housing complex. Popular options include hands-free faucets and soap dispensers, automatic doors, motion detection lighting, voice command technologies, and similar applications.

Solar Power

Solar power in paneling has become a popular option among commercial proprietors and real estate developers for its various energy-efficient benefits and cost savings advantages. Types of solar power applications to consider for your multifamily housing or apartment complex include solar water heating, solar roofing, solar cell systems, photovoltaic systems, and concentrating solar-thermal power (CSP).

Eco-Friendly Applications

One of the most common Eco-friendly applications in the commercial real estate development world is solar-powered technology. Additional types of Eco-friendly applications can include using sustainable materials and renewable resources, as well as green construction, indoor air quality care, and environmentally-conscious plumbing.

Digital Technologies

Some of the most popular digital technology advancements used today in the commercial real estate development industry include virtual tours, 3D imaging, computer-generated modeling, digital advertising, social media listings, data gathering software, and similar virtual technologies.

Are you looking for a qualified commercial general contracting company to manage your commercial building or renovation needs an Indiana? Contact BAF Corporation at 317-253-0531 for trusted commercial construction remodeling in Indianapolis Indiana.

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Are You Looking for Commercial General Contractors in Indianapolis?

Posted on September 1, 2021 by bafcorp20

When it comes to planning a commercial build or remodel, your number one priority as a commercial proprietor or real estate developer is to find the right team of general contractors for the job. The skill, acumen, and qualification of your chosen commercial contracting team will define the outcome of your project, and ultimately your overall business objectives.

For a successful commercial construction result, continue reading to learn what you need to know when looking for trusted commercial general contractors in Indianapolis, Indiana.

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Choose BAF Corporation for Commercial Construction in Indianapolis

Here at BAF Corporation, we are the preferred commercial construction company in Indianapolis, serving all of Central Indiana with exceptional building, design, remodeling, and conversion services. We are also a top choice for post-construction commercial facility maintenance to ensure that all of your building’s interior and exterior mechanical and electrical systems remain up to code and performing at optimal efficiency.

Whether you need commercial door repair and replacement, commercial window repair and replacement, tenant improvement remodeling, or a new build from the ground up, we are the licensed and experience commercial construction team to trust for maximum craftsmanship and a streamlined building process. BAF Corporation has chosen to approach construction holistically, acting as part of the team including the architect, designer, owner, and tenant to make sure we are all working in the same direction to fulfill both owner and tenants needs.

Our attention to detail, proficiency, and professionalism sets us apart from our industry competitors, as we have a proven track record of exceeding our client’s expectations. Furthermore, our on-site teams protect your investment by always remaining mindful of the surrounding business operations while the construction process takes place, as to not disrupt or devalue daily workflow. Regardless of size or scope, you can count on us to get the job done right, the first time, on time, and within budget.

Why Choose Us for Commercial General Contracting in Central Indiana

The mission of BAF Corporation is to concentrate on delivering a quality product as quickly as possible and provide the ultimate in service to the client, keeping the disruptive process of construction to a minimum. Attention to detail as well as providing an unsurpassed quality of work, schedule and budget is our strong suit. Our teams have an unwavering commitment to earning the complete satisfaction of everyone we serve. Overall, we believe that communication is the primary key to all successful projects.

As a certified WBE (Women Business Enterprise) with the city of Indianapolis and the state of Indiana, we fully understand and support the importance of accountability, owner needs and expectations, budget adherence, and scheduling, for every building project, regardless of size or complexity. This professional resolve, combined with our extensive skill and proven track management record, sets us apart from our competitors.

Are you ready to start planning your commercial construction project? Contact us at 317-253-0531 for professional commercial general contracting services in Indianapolis, Indiana. We serve commercial and industrial clients all throughout Central Indiana.

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Choosing Between Underground Parking and At-Grade Parking

Posted on August 27, 2021 by bafcorp20

As you prepare to plan your upcoming commercial construction project, be sure to review your parking system options before making any final blueprint approvals. Choosing between underground parking and at-grade parking is a significant decision that can impact the overall success of your business.

The parking lot solution that best fits your company’s needs and business objectives will depend on various factors, including your budget, type of clientele, location, localized market, and even your own personal investment preferences. For this reason, it is strongly encouraged to consult with in Indianapolis commercial general contracting company for personalized advice and guidance on planning the right parking lot solutions for your company.

In the meantime, continue reading to review some of the top considerations for both underground parking and at-grade surface parking, as well as who to trust for superior commercial construction service in Central Indiana.

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Commercial Parking Solutions For Your Business

Whether you choose a parking garage or open parking lot complex, you still have the choice of building it above ground, known as “at-grade” parking in the construction and real estate industries, or below-ground, which would actually require a garage system.

So, how do you know which type of parking system is the best choice for you? Well, let’s start with some important comparisons and considerations for both:

Underground Parking Considerations

When it comes to your budget, keep in mind that underground parking is going to be more expensive than surface parking. There are some obvious reasons for this, being additional excavation, structural support, labor, materials, organic disposal requirements, and so forth.

However, there are also some reasons that are not so apparent, such as local building and zoning codes, underground utility systems, regional climate and soil conditions, and various other factors that play an important role in determining the overall cost of building an underground parking system.

If you are building more than one level underground, it will add even more to the total expenses of the project. This is why most commercial proprietors and real estate developers never build deeper than two parking levels.

Another important factor to consider when choosing between underground and above-ground parking is curb appeal. It is suggested that underground parking systems are more aesthetically pleasing, which can add value to your property and attract more business traffic.

For commercial premises that have limited at-grade parking space, incorporating an underground parking system can be a viable solution to insufficient parking capacity. The same solution applies to commercial properties that have at grade water drainage and shoring problems.

At-Grade Surface Parking Consideration

First and foremost, surface parking construction and maintenance are generally a lot cheaper than building a parking system underground. Typically paved in asphalt, you can expect the average cost of an at-grade parking lot to cost around $4 dollars per square foot. Paved concrete costs an average of $7 dollars per square foot. Additionally, whether asphalt or concrete, the average cost of parking lot construction is typically between $1,500 and $3,000 per stall.

If you are building a surface level parking garage, you can expect the cost to be even higher since there will be an additional need for structural supports, materials, labor, building permits, and more.

A potential downfall to surface parking lot systems is land space. At-grade parking is sometimes not the best option for areas with limited or valuable land space. Certain municipalities and jurisdictions do not allow such construction in some areas because of the limited space or high value of the land.

Although surface parking is typically cheaper when it comes to construction costs, there are times when aesthetic and structural renovations are necessary, which add to the total cost of a project.

Are you still not sure which type of commercial parking system is best for your business in Indiana? Contact BAF Corporation at 317-253-0531 for professional commercial construction services in Indianapolis Indiana. We serve clients all throughout the state.

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Benefits of Converting Vacant Mall Space into Medical Facilities

Posted on August 24, 2021 by bafcorp20

Abandoned mall conversions are a new real estate trend gaining more momentum by the day in the current economic climate. That is because using vacant mall space as a foundation for a new office or business location has its advantages. With astute commercial construction and remodeling design, much of America’s vacant mall space can be converted into a safe and functional office setting. One industry that seems to be excelling at the mall redevelopment trend is the medical facility industry.

Continue reading to learn the top benefits of turning old, vacant mall space into a new medical facility, and how to get your space planning and permitting started before the end of the season this year.

Indianapolis IN Medical Facility Construction 317-253-0531

Vacant Mall Space Conversions

After the whirlwind of events experienced in our nation recently, more and more consumers are shopping online or locally, rather than the city mall. This reason, coupled with wide-spectrum economic depression, has led to a significant drop in occupancy for many shopping centers and malls all around the country. Several malls have even had to close down entirely because of insufficiency tenancy, as they cannot continue to afford the massive overhead needed to keep a large mall up and running.

A solution to this problem seems to be mall conversions. With skilled space planning and remodeling, vacant or abandoned mall space can be turned into a state-of-the-art, sophisticated business setting for various applications, including offices, ghost kitchens, and even medical facilities. In fact, there are many good reasons why commercial real estate developers are leaning more towards mall redevelopment for medical facility construction rather than building from the ground up.

Building a Medical Facility in an Abandoned Mall

Although it sounds like you are compromising quality and structural integrity by choosing to renovate old mall space into a medical facility, vacant mall space is actually a real asset for medical facility construction. Mall redevelopment provides the same basis of construction and design, without tacking on the additional building costs required to construct a facility from the ground up. Here are some additional noted benefits of medical facility mall conversions:

► Prime Location – Malls are built in prime locations around highway and interstate connections to attract and draw in a larger market around the city. For this reason, medical facilities do well in converted mall spaces because patients and staff can easily access them from a broad area.

► Adequate Accessibility – Malls are large facilities themselves, which is why their parking lots are usually massive. This is an advantage for medical facility operations because mall parking lots offer sufficient space for patients and staff, as well as ambulatory and emergency vehicles. Furthermore, mall parking lots are typically ADA compliant, and come with handicap parking, ramps, automatic doors, wide turn around space, and similar compliancy.

► Square Footage – As we keep mentioning, malls are big, so space is something they can offer generously. This is an advantage for medical facilities because it delivers adequate square footage for lobbies, waiting rooms, exam rooms, operating rooms, diagnostic rooms, conference rooms, offices, break rooms, inventory storage, and more.

► Reduced Costs – Converting old mall space into a new medical facility reduces construction costs drastically because the bones are already there. Furthermore, malls are opening their doors to such lease agreements because they are desperate for income, which means cheaper rent for tenants.

Are you interested in learning more about commercial space conversions or medical center construction in Central Indiana? Contact BAF Corporation at 317-253-0531 for superior healthcare construction in Indianapolis, Indiana. We work with clients all throughout the state.

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3 Secrets to Finding the Right Warehouse Lease

Posted on August 10, 2021 by bafcorp20

As a commercial proprietor, you may have leased office spaces a plenty, but leasing a warehouse space is much different and will pose a separate set of considerations that are pertinent to your business’s overall success. Before signing a new warehouse lease, continue below to learn the top 3 most commonly-overlooked factors to finding the perfect warehouse lease for your enterprise, and use these factors when comparing potential warehouses!

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Warehouse Leasing Tips and Considerations

Warehouses are not the same as your traditional office building or complex. They are larger and taller in size, plus they retain a much different set of systems and building features. For these reasons, you will need to set your focus on a much different set of priorities than you would if you were searching for new office space. Below are the top 3 you should consider before signing into a new warehouse lease.

Cubic Square Footage

When you are comparing potential office space real estate, square footage is a primary factor on the table. But with warehouses, square footage is not the only important factor. Warehouses offer more space than just the floors, so you must also make cubic square footage an area of consideration. Cubic square footage measures the overall volume of the warehouse space, from floor to ceiling and everything in between. Since warehouses store and stack heavy loads of inventory, total volume accessibility is imperative to your business’s operations. Interior heights, widths, and floor lengths are all significant elements to factor into your final decision.

Storage Climate Control and HVAC

Warehouses hold inventory or assets, making interior climate control a top priority in the leasing terms. You cannot assume that the warehouse you wish to lease is already equipment with the right systems and features in place to deliver adequate and consistent climates. Heating and cooling units, indoor air quality and humidifier systems, and similar technologies that provide a controlled climate are factors to consider and features to look for when on the hunt for a new warehouse space.

Building Security and Safety

As mentioned, warehouses are storage for important assets and inventories, so building security and safety are simply a fixed cost. Technologies and features like fire alarm and suppression systems, ADA compliancy, building alarms, security cameras, keypad punch codes, in-house security personnel, 24 hour law enforcement patrol, reinforced doors and windows, and full coverage liability insurance are all important safety and security considerations for leasing a new warehouse.

Are you looking for a qualified commercial general contracting company to help you renovate your new warehouse in Indiana? Contact BAF Corporation at 317-253-0531 for premiere commercial warehouse construction in Indianapolis, Indiana.

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Do Not Make These Common Commercial Real Estate Errors

Posted on August 6, 2021 by bafcorp20

As a commercial proprietor, it is likely that your number one objective is to increase your bottom line. So, when it comes to procuring new commercial real estate, it is important to make the right decisions in order to protect your investment and your future success as a developer. Continue below to learn the top commercial real estate mistakes that you want to avoid at all costs, and who to trust for turnkey commercial construction and general contracting in central Indiana.

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Commercial Real Estate Mistakes to Avoid

When acquiring new commercial real estate, you want to do all that you can to get the best deal and the best space possible. One way to get on this path of success is to ensure you are avoiding these common commercial real estate mistakes:

Doing it Alone

You have been a successful commercial proprietor because you know when it’s necessary to delegate duties and when to incorporate other useful minds and hands into your operations. When it comes to commercial real estate, the same theory applies. You don’t want to fly solo with commercial real estate procurement and development. Consult with a Central Indiana commercial construction team for personalized advice on obtaining the best possible space and deal for your company or business objectives. Also consider consulting with tenant brokers, financial advisors, accountants, and other professionals who can ensure you are equipped with the right knowledge to make the best decisions for your business.

Ignoring the Law

Although you might not mean to ignore the law, it is very common for commercial proprietors and developers to forget check the local laws and building codes in their area. Don’t make this common mistake. Instead, work with your commercial contracting team to educate yourself on all of the local zoning laws, building regulations, and building codes. After all, you don’t want to sign a commercial lease only to find out later that your industry is not permitted to operate in that particular building or space. Keep in mind that just because a landlord is willing to rent to a commercial tenant does not mean that your company can operate there. Not all landlords are up-to-date on all of the changing laws, amendments, and rewordings of local building regulations and ordinances. So, it is up to you to do your due diligence and team up with a trusted Indiana commercial construction company to avoid this common error.

Signing the Lease Too Quickly

When procuring new commercial real estate, you never want to sign the commercial lease As-Is. It is important to always have a commercial lease reviewed by an attorney as well as a trusted central Indiana commercial construction management team to ensure that you are getting the best deal possible. Keep in mind that the first version of any commercial lease is a working document and will always be in favor of the landlord. So, be repaired to negotiate some additional terms and conditions into your lease; you have the right to do this. Be sure to review relevant beneficial clauses, such as subletting rights or the right of first refusal.

Forgetting to Check the Local Infrastructure

A common mistake made among commercial proprietors who are obtaining new real estate is forgetting to check the local infrastructure. For instance, you don’t want to get stuck signing a commercial lease or purchasing a commercial space only to find out later that there’s not enough parking outside for your staff or guests. Mistakes like these could have a major impact on your bottom line. Be sure to check out the local traffic patterns, available public transportation options, highway exits, local retailers and restaurants, and anything else that will have an impact on your customers, clients, or employees.

Have you just acquired new commercial real estate, or interested in finding a new commercial space? Contact BAF Corporation at 317-253-0531 for superior commercial construction services in Indianapolis, Indiana. From space planning and permitting to pre-construction, remodeling, build-outs, conversions, and much more, we are a full-service commercial construction company serving clients all throughout the state.

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How to Determine Commercial Real Estate ROI

Posted on August 3, 2021 by bafcorp20

As a commercial real estate investor, your top priority is to turn a profit. So, it is no surprise that after capitalizing on a new investment property, your first question is about your return on investment (ROI). Although you cannot accurately predict the future in any type of business scenario, Investopedia.com provides a very simple and basic formula to calculate ROI on an investment property.

Continue reading to learn how to use this formula to determine commercial real estate return on investment, and who to call for Indiana commercial construction and general contracting services you can trust.

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Calculating Investment Property ROI

According to Investopedia.com, you can find your return on investment by using this uncomplicated formula:

ROI = (INVESTMENT PROFIT – INVESTMENT COST)/INVESTMENT COST
Return on investment = investment profit minus investment costs, divided by investment cost.

Keep in mind that this calculation is not as straightforward as it appears. There are several other variables involved that ultimately generate these numbers, such as interest borrowed, financing details, facility maintenance, renovations, repairs, and similar expenditures. Investopedia.com maintains that in most cases, lower investment costs tend to render higher ROI’s, however, financing terms can also play a role in improving one’s return on investment. For this reason, it is vital that you do your due diligence as a commercial proprietor or real estate developer and find the best possible interest rates.

ROI Calculation Approaches

There are two best practices for calculating ROI. The first approach is referred to as the cost method. The second approach is referred to the out-of-pocket method.

► COST METHOD – Using this method, you would divide your equity by the total investment cost, including procurement, renovations, and maintenance. For instance, if you purchase a property for $200,000, then spend an additional $100,000 on renovations, and as a result your investment properties value increases to $400,000, your equity position as an investor would be $100,000.

400,000 – (200,000 + 100,000) = $100,000
ROI would be .33%, which you get by dividing $100,000 by $300,000.

► OUT-OF-POCKET METHOD – Most real estate developers use the out-of-pocket method to calculate ROI. If you use a loan to pay for the down payment of your investment property, it can render higher return on investment results under this cost approach. Using the same example as above, here is how ROI would look with a $40,000 out-of-pocket loan for a down payment:

$40,000 Loan + $100,000 Renovation = $140,000
$400,000 – $140,000 = $260,000 Investor Equity
ROI would be .65%, which is more than double the cost method.

As a commercial real estate developer or proprietor, you will mainly focus on the internal rate of return (IRR) for your property, which is basically your property’s cash flow and equity put together. Talk to in Indianapolis Indiana commercial general contractor for personalized advice on how to get the highest return on investment through strategic design build and commercial renovations.

Are you ready to speak with a specialized Indiana commercial contracting company about increasing your property’s value? Contact BAF Corporation at 317-253-0531 for trusted commercial construction remodeling in Indianapolis Indiana.

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Why Commercial Properties Benefit From EDPM Rubber Roofs

Posted on July 20, 2021 by bafcorp20

Flat and low-pitched roofing systems are not always the best candidates for conventional asphalt shingles. Fortunately, the commercial roofing industry caught on to this disadvantage some time ago, and now offers a terrific alternative for commercial proprietors and real estate developers in need of a long-lasting, dependable roof system. Of course, we are talking about EDPM rubber roofing!

Continue reading to learn more about the various benefits of rubber roofing, and how you can find a rubber roofing contractor near you.

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The Benefits of Commercial Rubber Roofing

Rubber roofing is a modern, innovative solution for a long-lasting and durable roofing system for commercial properties and outdoor structures that have flat or low-pitched roofs. Flat roofs have a slope below 10 degrees, while low-pitched roofs have a slope that is nearly level, but still slightly pitched. Pitch refers to the slant, angle, and slope of a roof.

Since flat roofs have special requirements, namely in terms of drainage and waterproofing, it is important to use a quality material that is effective against these elements of roof engineering and more. Rubber roofing systems are the perfect solution for commercial buildings with flat and low-pitched rooftops because they provide a water-tight seal and enhanced visual appeal, all at the same time.

Rubber roofing is referred to as EDPM roofing, which stands for ethylene propylene diene terpolymer. This material is a highly effective commercial roofing option because it is waterproof, lightweight, quick and easy to install, highly durable, long-lasting, and inexpensive. Furthermore, commercial rubber roofs are low maintenance and easy and inexpensive to repair.

Additional Advantages of Rubber Roofs

A more tightly sealed and secure roof means less wasted heat and air, which cuts monthly energy costs little by little, each year. Rubber roofs are also energy efficient because the materials used in the process reflect sun and heat. This keeps a commercial building or edifice cooler in warmer climates and saves on energy costs. Aside from all these delightful benefits, commercial rubber roofs are great alternatives because they are fire-resistant and less likely to crack. Their durability allows them to withstand harsh weather conditions and changing climates, year after year.

Does your building require some roof work or remodeling this year? Contact BAF Corporation at 317-253-0531 for qualified commercial general contracting in Indianapolis, Indiana. We serve clients all throughout Indiana.

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5 Advantages of an Exterior Facade Renovation

Posted on July 13, 2021 by bafcorp20

There are many best business practices out there, some of which can be applied across the board regardless of industry, while others are more trade specific. However, one of the most fundamental and long-established methods for running a successful business is curb appeal. A business that looks good tends to drive in more traffic, which is something you want as a commercial proprietor or company owner.

If you are looking for more customers, perhaps consider renovating the exterior of your business. Continue reading to learn the top five advantages for exterior façade renovation, and who call for the most trusted commercial general contracting service in central Indiana.

Indianapolis Commercial Remodeling 317-253-0531

Curb Appeal Commercial Renovation

The type of brick-and-mortar business you own really doesn’t matter when it comes to curb appeal commercial renovations. From hotels and apartment complexes, to museums, strip malls, shopping centers, schools, office buildings, restaurants, and everything in between, an exterior façade commercial remodel is never a poor choice for any type of business that once more customers to the door. There are many advantages to renovating the exterior of your commercial building or office.

Here are 5 reasons why you should consider an exterior façade renovation for your business:

➀ A RENEWED LOOK

Not only do you want to keep your brand appealing for your existing clientele, but you also wanted to be eye-catching for new customers. Giving your businesses exterior a fresh, new look can drive more traffic through your doors. Some methods of achieving a fresh look include innovative technology incorporation, touch free design, painted drywall remodeling, interior design, improve lighting, natural lighting, open concept floor plans, and more. These elements can deliver an improved customer experience, and therefore increase your bottom line.

➁ BUSINESS DOORS CAN STAY OPEN

Because commercial façade renovations are typically done on the outside of the business, and infrequently require indoor access, most projects will render minimal inconvenience to the business operations and their clientele. Basically, it is easy to keep the business open and operating while exterior commercial renovation is underway. Furthermore, when you choose a reputable Indianapolis Indiana general contracting company, you can trust that they use a strict internal safety code to ensure that all persons on premises are protected from foreseeable hazards.

➂ FAST TURNAROUND TIMES

What’s great about commercial façade renovations are that they tend to come with speedy turnaround times. Not only can exterior renovations be done while your business’s doors are still open and operating, but they can also be done within a convenient time-frame, which is always beneficial to your bottom line. Usually, contractors do not even require indoor access to complete their work specifications.

➃ OPPORTUNITY TO REDUCE OPERATING COSTS

When you choose to have an exterior façade remodel done, you have a valuable opportunity to incorporate certain upgrades and renovations that can reduce your overall operating costs in the long run. Such renovations include energy efficiency upgrades for insulation, windows, lighting, and roofing. These upgrades can improve your business energy efficiency, and therefore reduce monthly utility and operating costs.

➄ MUNICIPAL INCENTIVES

In some cases, local municipalities will award business certain incentives, grants, and assistance programs for upgrading or renovating their exterior façade. Check with your local County District or clerk’s office to see if there any municipal incentives that you could earn for doing a commercial exterior renovation.

Are you ready to get started with your commercial exterior renovation in Indiana? Contact BAF Corporation at 317-253-0531 for superior commercial remodeling services in Indianapolis Indiana. We serve clients all throughout the state.

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What is a Commercial Lease Abstract?

Posted on June 29, 2021 by bafcorp20

If you have ever signed a contract before, you know that they are incredibly long and complicated pieces of literature that are virtually impossible to understand without a thorough comprehension of real estate law and liability. For this reason, when signing a commercial lease agreement, it is common to request a lease abstract.

Continue reading to learn what a commercial lease abstract is, and what should be included in one before making a commitment.

Indianapolis Indiana Commercial Office 317-253-0531

Commercial Lease Agreements and Abstracts

It is unrealistic to fully read through and understand every element of a commercial lease agreement. Commercial lease abstracts play an important role in a tenant’s ability to understand what contractual agreement they are signing into, and what is expected of them during their occupation. Basically, a lease abstract is a summary of all the primary and important aspects of the lease agreement.

Sort of like CliffsNotes for a book you forgot to read in college, a lease abstract covers the basics of the contract and informs you of all the vital facts you need to know, and in a language you can understand. Lease abstracts are constructed to be free of confusing industry jargon, and allow a potential corporate or commercial tenant to fully understand the liability and responsibilities they are taking on if they choose to enter into the lease.

What Should Be Included in a Lease Abstract?

Although a summary of the full contract, a lease abstract will (and should) contain a lot of information. The basic information it should have includes:

☑ Tenant’s Full Name
☑ Total Cost of Rent
☑ Square Footage of the Rental Space
☑ Lease Start/End Date
☑ First Rent Payment Due Date
☑ Premises Specifications
☑ Authorized Use of the Premises
☑ Parking Space/Requirements
☑ Accountable Party for Repairs and Maintenance
☑ Co-Tenancy/Sub-Leasing Terms
☑ Expansion/Build-Out Rights
☑ Tenant Improvement Allowances
☑ Assignability and Exclusivity (if the lease can be transferred)
☑ Estoppel

Are you looking for a trusted commercial management team who can help you find the right commercial office space or warehouse? Contact BAF Corporation at 317-253-0531 to learn more about tenant improvement construction and space planning services in Indianapolis, Indiana.

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