Commercial Lease Terminology You Need to Know Before Signing

Before signing on that dotted line, be sure you are clearly interpreting the commercial real estate leasing jargon on your contract. Continue below to review some of the most common commercial lease terms and definitions you need to know if you want to make an informed and intelligent decision on your new office or business space.

Commercial Space Planning Indianapolis IN 317-253-0531
Commercial Space Planning Indianapolis IN 317-253-0531

Vocabulary Terms on a Commercial Office Lease

Understanding the terms and conditions of your commercial lease is quite difficult if you are not familiar with the standard terminology used within such contracts. It can be especially troublesome if you wish to amend or get out of your commercial lease at some point.

Some of the most common terms you will come across, on your standard commercial office lease that is, include common area maintenance, load factor, option to purchase, parking ratio, right of first refusal, rentable square footage, usable square footage, and request for proposal. Let’s start with these:

Common Area Maintenance

Common area maintenance (CAM) is a general term used to describe the stipulations surrounding shared maintenance expenses for the building you are leasing within. In a multi-unit building, each tenant may be required to contribute to such costs, which are typically decreed within the lease.

Load Factor

Load factor, or core factor, is a calculated number generated by the property management company or landlord of the building. This number represents the division of common area square footage among each tenant. This number allows you to interpret the value or fairness of your rentable square footage.

Option to Purchase

Option to purchase is a term typically reserved for leasing a whole building, not just a unit within a multi-tenant office building. Option to purchase is a section that will describe clauses for a tenant who wishes to buy the building outright one day. An Option to purchase agreement should take into account the amount of rent paid to date.

Parking Ratio

Parking ratio simple refers to the number of parking spaces allotted to the tenant’s rented space. For a multi-tenant office building, there could be a certain number of spaces assessed for employees and visitors.

Right of First Refusal

Commercial leases that have a Right of First Refusal clause gives tenants an upper hand when new space becomes available in the building. A landlord must notify you and offer you any newly available space before advertising it to the general public. Basically, you have first dibs, plus to right to refuse it.

Rentable Square Footage

Rentable square footage is the total square footage of the space you are leasing, plus any shared or communal spaces that other tenants use as well, such as outdoor break areas, hallways, break rooms, cafeterias, bathrooms, and elevators.

Usable Square Footage

Usable square footage is generally less than the rentable square footage. It represents the total square footage of the space that can actually be occupied and used. For instance, if an office space has a basement level that is unfinished, it is not usable, and therefore, would not be included in the usable square footage value.

Request for Proposal

A Request for proposal is also called an RFP document. This document is constructed by you and your broker, then submitted to the commercial landlord to notify them of what you expect and want with your leased space. The landlord can respond by informing you if their facility meets your needs or not. This document tends to commence the lease negotiating process.

Are you looking for help procuring and designing a new office space for your business? Contact BAF Corporation at 317-253-0531 to speak with our esteemed commercial construction management teams about our space planning and permitting solutions we offer in Central Indiana.

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What is a Commercial Lease Abstract?

Indianapolis Commercial General Contracting and Design Build Services
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How to Avoid Leasing to Bad Commercial Tenants

Halloween is certainly the time of year for nightmares, but your commercial tenants don’t have to contribute to the seasonal fright. As a commercial real estate owner or property management company, you are bound to be confronted with unqualified applicants. But if you want to avoid leasing to unreliable commercial tenants who have misrepresented themselves on their documents, is important to incorporate certain methodologies into your commercial leasing application process.

Continue reading for some tips that can help you avoid nightmare commercial tenants, plus where to find Central Indiana tenant improvement construction services that will improve your business’s overall success.

Indiana Tenant Improvement Contractors 317-253-0531
Indiana Tenant Improvement Contractors 317-253-0531

Watch Out for Commercial Tenant Fraud

Unfortunately, commercial tenant fraud is all too common. Commercial tenants who commit tenant fraud misrepresent their qualifications or forge documents to present themselves as a qualified applicant for space, such as a retail store, office, or studio. After being approved for the lease, fraudulent commercial tenants often skip out on rent, damage the property, misuse the commercial space, or pose a plethora of tenant challenges and commercial landlord nightmares.

In order to deter commercial tenant fraud and application falsifications, you need to learn how to detect such fraud early on in the leasing and application process. Here are some tips that can help you avoid leasing to a nightmare commercial tenant, while keeping your commercial rental property business profitable:

Do Not Offer Online Application

It is not recommended to use an online application process for commercial leasing, even if you use a third-party platform. Many business application management websites say they will bring in all sorts of qualified commercial tenant applications, but their algorithms are basic and not comprehensive enough to weed out intentional fraud. When it comes to commercial leasing, it is best to always incorporate an in-person application and interview process to ensure that you are leasing to the right tenant.

Do Not Accept Incomplete Applications

There is not much to be said here. If you receive any commercial lease applications that are not filled out completely, shred them without giving them a second thought. An incomplete application is often a telltale sign of commercial tenant fraud. In most cases, applicants fail to complete the application because they are intentionally omitting information to avoid being investigated or denied tenancy.

Always Perform Credit and Reference Checks

Your commercial building or multi-housing property is an important investment that should only be entrusted to those who are dependable and qualified. For this reason, it is important to always perform credit checks and reference checks on all commercial tenant applications. It is common for commercial property owners to ignore references, but this is not a mistake you want to make. References are often more telling than a credit or income check, so be sure you do not skip this step during the commercial tenant screening process.

Advertise Background Checking

It is important to let all of your commercial applicants know that there will be a comprehensive background check during the application process. Advertise this information in the literature that advertises your commercial space openings. This way, tenants know they cannot hide anything or present themselves in a misleading way.

Advertise a Fraud Warning and Declaration

Along with advertising that a background check will be performed on each applicant, it is also important to advertise a fraud warning. A fraud warning will let potential applicants know that there are serious legal penalties and consequences for cheating or misleading their qualifications on their commercial leasing application. This is a great way to thwart commercial tenant fraud. Along with the fraud warning, it is important to include a declaration on the application. A declaration is a statement placed above the signatures of the applicants confirming that all information is accurate to their knowledge.

Require Supplemental Documentation

When you are getting proof of a commercial tenant’s income, it is important to also require supplemental documentation. Ask for more than one type of documentation to prove income when screening a potential commercial tenant.

Verify Identity With a Valid Photo ID

As a commercial building owner or property management company, you want to be sure that you are leasing to the person who is actually filling out the application. It is important to verify a person’s identity by checking their photo ID, or any other authorized identification documents, such as United States passport or military ID. Online applications present all sorts of opportunities for tenants to fraudulently upload their identity or use another person’s identity.

Are you looking for a qualified construction company to perform tenant improvement work to your commercial property? Contact BAF Corporation at 317-253-0531 for professional tenant improvements and remodels in Indianapolis, Indiana. We serve all corporate, commercial, and industrial industries in Central Indiana.

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Indianapolis Commercial General Contracting and Design Build Services
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How to Increase Team Productivity With Snacks and Beverages

Office efficiency plays an important role in the overall success of your business. When your team is productive, your bottom line is up. But with all of the external distractions and setbacks we are experiencing as a society, especially in most recent times, team productivity is expected to be negatively impacted. If you are looking for ways to increase productivity among your office staff, but have run out of ideas, perhaps consider providing some energy boosting snacks and beverages to keep them content throughout the day.

Continue reading to learn how to increase team productivity in the office with snacks and beverages, and who to contact when you need commercial office break room remodeling services in Indianapolis.

Commercial Office Remodeling Indianapolis IN 317-253-0531
Commercial Office Remodeling Indianapolis IN 317-253-0531

Office Productivity Starts With a Happy and Healthy Staff

You may not realize it as a business owner or office manager, but snacks play an important role in the overall contentment among employed staff. Afternoon munchies are a real thing, and when office employees are hungry, they are often distracted, fatigued, irritable, and less motivated to work. Providing a selection of healthy snacks can abate mid-day hunger pains, while also encouraging health and nutrition in the office.

Top Healthy Office Next to Consider:

▷ Veggie Straws
▷ Chex Mix
▷ Popcorn
▷ Dried Fruit
▷ Fresh Fruit
▷ Almonds
▷ Peanuts
▷ Jerky

Healthy Snacks for Sweet Cravings:

▷ Fig Newton Cookies
▷ KIND Bars
▷ Protein Bars
▷ Granola
▷ Sugar-Free Candies
▷ Bananas
▷ Apples
▷ Oranges

These snacks are light, low in calories, and contain a load of nutrients and vitamins, all of which will help your staff stay energized throughout the workday. They won’t trigger sugar rushes and subsequent crashes, nor will they weigh anyone down. They are the perfect go-to snacks to grab quickly and provide adequate fuel until dinner.

Office Break Rooms and Beverages

It is important to provide an office break room or kitchen area for your staff, especially if you have a large team of eight or more people. A designated break room area provides a place for employees to store and eat their lunch, grab a quick snack, and most importantly, stay hydrated throughout the day. All of these available amenities help to increase and maintain high office productivity.

Consider providing a selection of beverages to keep your office staff alert and productive, including non-caffeinated options like bottled water, sparkling water, and energy drinks, as well as caffeinated options such as coffee and diet soda. Try to avoid regular sodas as they contain a high amount of sugar that can cause a mid-day fatigue crash.

You should also consider investing in a single cup coffee maker, espresso machine, vending machine, refrigerator, microwave, and toaster. These amenities will allow staff to satisfy their cravings easily and quickly, then go back to work re-energized!

Are you interested in remodeling your office to create a happier and more productive workplace? Contact BAF Corporation at 317-253-0531 for seasoned commercial office remodeling in Indianapolis, Indiana.

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5 Features You Want in a New Commercial Office Space

Everyone from business owners and colleagues to staff and personnel want a fun and functional office space. When you are looking to lease new commercial office space in Indiana, focus your attention on the most sought-after amenities to deliver these elements and support the overall success of your business.

Indiana Commercial Office Remodeling and Construction
Indiana Commercial Office Remodeling and Construction 317-253-0531

Top Office Amenities in Commercial Real Estate

Whether you are looking to attract high-quality corporate tenants to your commercial office space, or you wish to find a new commercial office lease that meets the needs of your company and your staff, shared office amenities are something to consider. Commercial real estate experts suggest that offices with certain types of shared amenities, such as kitchen areas and outdoor workspace, tend to be more productive, and therefore, more successful.

Here are the top 5 office amenities to consider when selecting a new office location:

Kitchen or Cafeteria

Employees have to eat; don’t they? So, when looking for a new commercial office space, keep your eye out for a lease that has (or includes access to) a kitchen or cafeteria. Some office buildings and complexes have on-site cafés, delis, or food trucks available to staff as well. If you cannot find a lease that provides these amenities, look for an office space that has a kitchen area, or that has enough room to construct one. Giving your employees access to a refrigerator, microwave, and coffee maker makes a big difference in terms of daily productivity and overall contentment among staff.


Having access to a fast and reliable elevator system is a top advantage for office staff and visitors. This amenity is especially important if you are leasing a commercial office space in a building that has multiple floors. Not only do elevators make it easy to bring things up and down from your office space, but they also play a vital role in assisting disabled persons or people who have trouble commuting on foot. Elevators also make it easier to arrive to work on time.

Outdoor Workspace

Especially in today’s work force, providing employees with outdoor workstations and workspace is proving to be a highly beneficial practice in the commercial real estate industry. Look for office spaces that provide access to outdoor facilities such as rooftop decks, terraces, plazas, patios, outdoor lounge areas, sit-in gardens, and similar areas that allow employees to congregate in the fresh air, whether for work or leisure. It is also strongly encouraged to choose a building that has outdoor Wi-Fi equipped technologies to allow employees to work outside efficiently.

Glass Wall Partitions

Recent studies suggest that employees are more productive and happier all around in an open office setting. Open floor plans are a popular real estate amenity in both the residential and commercial real estate industry. Glass wall partitions are one of the strategies modern-day office designers use to promote a more open feel in the office, while still providing an individual workspace that allows peace and privacy. Glass wall partitions also allow more natural lighting into the office, which has several benefits in itself. Talk to a commercial general contractor these considerations for open floor plan office construction.


Recent studies suggest that employees are more productive and happier all around when they have window views in the office.  In fact, according to a study performed by the esteemed HR advisory and research firm, Future Workplace, the number one office perk that employees really want is access to natural light and outdoor views. Natural lighting can fight off work fatigue, prevent headaches, ease eyestrain, and induce higher level of happiness among staff. Commercial windows are prime office features most requested by employees.

Are you looking for a new commercial office space, or have found one that requires some renovation to meet your company’s needs? Contact BAF Corporation at 317-253-0531 for qualified commercial office remodeling in Indianapolis, Indiana. We serve clients all throughout the state. Request information or schedule a bid, today.

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Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Benefits of Converting Vacant Mall Space into Medical Facilities

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
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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Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

How to Make the Most of Your Tenant Improvement Allowance

When a commercial tenant leases a new office space, it may not be exactly what they envisioned for their business. In fact, this happens quite a bit. For this reason, it is strongly encouraged to ensure that there is some sort of tenant improvement allowance in your commercial lease before making a final commitment. A TI allowance will finance any strategic or aesthetic renovations to improve on the function and overall layout of your office.

If you have been granted a tenant improvement allowance, but it isn’t what you expected, there are some ways you can stretch it out. Continue reading for some tips on how to make the most of your tenant agreement allowance, and who to trust in central Indiana for superior TI commercial construction work.

Tenant Improvements and Remodeling Indiana 317-253-0531
Tenant Improvements and Remodeling Indiana 317-253-0531

Be a Part of the Process

When discussing your tenant improvement allowance with your landlord or appointed commercial construction company, be sure to negotiate your role in the process. It is important that you remain involved in the entire tenant improvement construction process to ensure that your allowance is being used efficiently. Maintain a role in bid comparisons, contractor selections, construction supervision, and anywhere else that you feel comfortable in order to mitigate additional or unnecessary expenses.

Prioritize All Square Footage

Your commercial office space’s square footage goes wall-to-wall, but your cubic square footage goes from floor-to-ceiling. It is important to use all of your square footage options efficiently and is much as possible. Doing this can help make the most of your tenant improvement allowance. More importantly, your landlord may insist that your tenant improvement allowance applies to only the usable square footage in your office space, but it is actually based on all rentable office space, including areas in your building that are shared with other tenants.

Reuse Materials Efficiently

Before spending even one cent of your TI allowance, first take a look at your overall office space and consider what can be reused after your renovation. There are many types of building features and materials that you may not have to replace, or can be reused without jeopardizing their integrity, such as granite countertops, mirrors, plumbing fixtures, floors, doors, and more. For instance, rather than replacing the hardwood floors in your office space, consider having them refinished or polished instead, which is much cheaper and renders a beautiful outcome.

Discover What’s Hidden

Just like reusing materials to your advantage, it is also wise to take a look underneath some things to see if there is a way to cut back on costs. For instance, underneath that old carpeting could be original hardwood floors. These floors can be restored and re-polished, as mentioned earlier, which is much cheaper than replacing the flooring altogether. In another example, you can remove acoustic tiles from your ceiling to reveal an industrial ceiling, which poses several aesthetic benefits and costs much less than replacing these materials.

Are you ready to get started on your Indiana tenant improvement project, but looking for the right commercial construction company to work with? Contact BAF Corporation at 317-253-0531 for qualified and reputable tenant improvements and remodels in Indianapolis, Indiana. We serve clients all throughout the state.

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Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Can Good Office Lighting Improve Employee Productivity?

When it comes to owning a company, the old adage, “there is always room for improvement” rings true at all times. After all, all improvements ultimately increase your bottom line. As for employee productivity, well, there’s always room for improvement. A new commercial office construction trend that has proven to be effective in increasing employee throughput is strategic office lighting design. But can good office lighting really improve employee efficiency?

Continue reading to learn more, including who to trust for superior Indianapolis Indiana commercial office remodeling and renovation work.

Office Building Renovations Indianapolis Indiana
Office Building Renovations Indianapolis Indiana 317-253-0531

Office Lighting Considerations for Staff Efficiency

Whether you are a current company owner with an existing office or one who is preparing to undertake a new space, office lighting and design should be one of your top priorities because it plays a vital role in the efficiency and morale of your staff. This means that office lighting, when done properly, can have a huge impact on the success of your business.

Recent studies have shown that employees and staffs within various professional industries are happier at work, more productive and healthier overall. Good office lighting supports staff contentment, which renters hire employee attendance and job satisfaction, and even reduce the number of workplace accidents.

Aside from employee satisfaction and office productivity, good lighting design can also reduce monthly energy bills by increasing the energy efficiency within the office. Although it typically suggested to begin office lighting considerations early on in the renovation planning process, a trusted Indianapolis commercial general contractor can remodel your current space to include an office lighting layout that promotes success.

Lighting Options for a Commercial Office

With the help of a commercial general contracting team well-versed and experienced with office design and remodeling, you won’t have to feel the overwhelming panic of choosing between all the possible commercial lighting options on the market. Common options include natural office lighting, adjustable lighting, fluorescent lighting, LED lighting, and other kinds of artificial lighting.

The type of lighting most compatible with your business objectives will depend on how your office space is used and any smart lighting or energy technologies you would like to incorporate into your office renovation. Other factors that come into play when choosing office lighting design options can include the type of color and temperature you’re looking for, as well as any unique architectural structures or features within your space.

It is also important to consider the wide spectrum of lighting, as choosing the wrong balance of color and temperature can affect your employees negatively. For instance, bright white and blue lighting can keep your employees sharp and alert, but also cause for head tension, migraines, and eyestrain. Oppositely, warm yellow lighting can promote relaxation, which can lead to drowsiness and decreased motivation.

Are you looking for a trusted commercial remodeling company can help you improve the lighting with your office space? Contact BAF Corporation at 317-253-0531 to speak with a licensed general contractor about your options for office-use construction in Indianapolis, Indiana.

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How to Replace a Torn Window Screen in the Office

Window screens serve many essential purposes, so it is important to keep them intact all year long.  Routine window maintenance in the office is necessary to achieve top quality indoor climate control, as well as optimal energy efficiency and cleanliness. This is beneficial to your staff’s productivity and overall health, as well as any clients, customers, or visitors present. In the case of a torn window screen, it is wise to replace it as soon as possible to preserve and protect your office’s indoor air environment, as well as reduce your energy consumption. This is especially important during spring and summer seasons when indoor and outdoor allergens are more severe. The better your staff feels, the better they can perform, which is in the best interest of your bottom line!

As an office manager or business owner, it is wise to learn how to replace a torn or broken window screen. Continue below for a quick guide that will prepare you for the next time a screen rips in the office, and what to do if your windows are just not as efficient as they used to be.

Indianapolis IN Commercial Window Replacement
Indianapolis IN Commercial Window Replacement 317-253-0531

What You Need to Get Started With Window Screen Replacement

First gather all the necessary tools and supplies for the job. Fortunately, everything you will need is easily attainable any local hardware or home improvement store, and even online at trusted retailers. Best of all, these materials should be inexpensive. You will need a new window screen of course, but here are the remaining tools and supplies required for the job:

▷ New Spline (Rubber String)
▷ Two-Sided Rolling Spline Tool (Should Come with Spline)
▷ Utility Knife
▷ Flathead Screwdriver
▷ Clean Cloth or Rag
▷ Duct Tape
▷ Scissors

Window Screen Replacement Guide:

Once you have accumulated all the necessary tools and materials, you can get started by removing the window screen with frame from the window. Find a hard flat surface to work on and place the screen and frame there. Continue with the following steps:

Remove the existing spline from the window frame.

Once the spline is removed, the screen detaches easily. Use the head of the screwdriver to pry the screen from the frame if you have trouble disconnecting it.

Take your clean cloth and wipe down the bare frame, removing all the dirt in the grooves. To do this, place the cloth over the tip of the screwdriver and drag the flat head along the inside of the grooves.

Use the duct tape to secure the frame in place on all sides so that it cannot move.

Now you are ready to measure out a piece of new screen. Cut it larger than the surrounding width and height of the window frame.

Position the new screening over the window frame so that the entire frame is covered and then some. Hold in place with duct tape on the top side for added stability for the next step.

Use the convex side of the rolling spline tool to guide the new spline along the spline grooves in the window frame. Do this for the entire perimeter of the frame. For corners, use the flat head screwdriver to push the spline into place.

Once you reach the end, cut the spline with scissors.

Now go back over the perimeter of the spline again but with the concave side of the roller tool.

Trim the excess screen off with your utility knife right above the top of the spline while holding down the screen as you cut. Hold the knife at a 45-degree angle and cut in a steady firm motion.

Slip the frame back into the window by pushing up and in, securing the metal window clips.

Commercial Window Repair and Replacement

If you have a large-scale commercial window repair and replacement project on your hands, call a licensed Indianapolis commercial general contractor for professional and prompt service. They retain the proper tools, training, labor, and resources to undertake an office window replacement and repair job in a time frame that’s convenient for you.

Are you ready to learn how to improve your profits and reach your overall business objectives through an office remodel or renovation? Contact BAF Corporation at 317-253-0531 for office use construction or commercial window repair and replacement services in Indianapolis, Indiana.

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What is a Commercial Lease Abstract?

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
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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Indianapolis Commercial General Contracting and Design Build Services
Contact Us Today 317-253-0531

Top Considerations for Commercial Ramps and Stair Lifts

Whether your business provides a service that caters to the senior community, or simply has a large senior citizen following, it is it wise for you to consider improving the ease and accessibility of your commercial property with elderly and disabled individuals in mind. As a business owner, it is your responsibility to make sure your clients and customers are safe, and specialized safety ramps and stair lifts can provide this security for geriatric and disable citizens.

Continue reading for helpful information and recommendations regarding public ramps and stair lifts.

Indiana Handicap Assist Commercial Construction
Indiana Handicap Assist Commercial Construction 317-253-0531

Handicap-Assisted Equipment For Commercial Properties

Commercial stair lifts, step lifts, ramps, and other handicap-assisted equipment are important for those with mobility issues, and make navigating a commercial property easier, safer, and more convenient for the elderly and disabled. Not only does it prevent accidents, but it also reduces the risk of your company facing potential injury lawsuits.

Commercial Stair Lifts

Stair lifts can be fitted to any size or type of interior or exterior stairwell, making them an easy choice for commercial properties. This includes staircases that are straight, curved, spiral, helical, long, short, wide and narrow. With a range like this, any commercial property or premises can be renovated with stair lifts. Whether inside or outside, they provide a safe and secure means of moving up and down difficult inclines.

With simple joysticks and buttons, they are also easy to understand and operate. Stair lifts are battery-powered, so they do not require an electric power source, saving money and energy. And with long-lasting battery life and weather-resistant designs, stair lifts are relatively low maintenance. They do require recharging to prevent accidental shut-downs, mid-operation.

Commercial Ramps

Ramps are another helpful addition to consider. They are meant to provide safety and convenience for those in wheelchairs, or for those with mobility problems. Access ramps are a quick and inexpensive way to cater to the elderly and disabled community while still remaining in compliance with the state regulations for disabled access. And they are convenient for any property since they can be installed both indoors and outdoors.

Commercial Step Lifts

Step lifts are another option that provide the same purpose as the others, but for small rise wheelchair access. Step lifts are powered by electricity and designed to lift wheelchairs up to 3 meters off the ground. In the case of a power failure, they are manufactured with a safety mechanism that automatically lowers the lift. Primarily used for public access, step lifts are a popular choice for properties since they are not overbearing in an aesthetic sense. They can provide safety and accessibility without jeopardizing the property’s décor and design.

Do you have questions about ADA compliancy or handicap-assist commercial remodeling? Contact BAF Corporation at 317-253-0531 to speak with a seasoned Indianapolis Indiana commercial general contractor, today.

You Should Also Read:

Ascertaining the Need for ADA Compliance Upgrades in a Commercial Remodel
Modern Wheelchair Accessibility Options for Commercial Properties
Primary Elements of Commercial ADA Bathroom Compliance

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