CRE Lease Matrix

These millionaires include individuals from businesses such as technology and banking, and people with extensive overseas investments.

Housing prices in this island-state also rank second highest in Asia, just after Hong Kong.

The regional Real Estate Office (LINEAR) regulates the sale of residential properties in Singapore.

This office also helps overseas investors and residential property owners in Singapore obtain the best prices.

A range of incentives are offered by the authorities to encourage property investment, including tax rebate schemes and the awarding of Development Grants.Singaporean people who want to purchase freehold property in Singapore need to enroll with the Residential Real Estate Department (RREOD).

A certificate is issued to the applicant with a picture identification.

If you are new to the world of commercial real estate, an office lease may seem very complicated.

Lease agreements can run into multiple pages of perplexing legal language and terminologies, cost your company several lacs of rupees in drafting and vetting and lock you into space for years.

Of course, the landlord expects to be paid for the use of that space, and that surely gets captured in the Lease agreement in the form of rent.

Your lease also spells out several other rules that determine your responsibilities and obligations to your landlord and your rights to your space and to the building throughout the tenure of your lease period.

The Rent at times gets paid quarterly in advance or monthly in advance depending on the terms mutually agreed.

After all, it can be expensive for them to find new tenants, pay brokerages, stamp duty charges, etc.

Commercial real estate deals like leasing, renting and purchasing the office space or any other commercial properties can turn out to be disgraceful if you go bland in front of the landlords who are very much experienced in the field.In order to avoid such things happening, you should be playing some tricks while dealing with commercial landlords.So, what are those tricks that put you in an upper edge over the landlords in a deal?There are lots of tricks, but the best and effective ones are here.

Don’t show your weaknessesWell, your weakness can be a trump card for the landlords!

It’s same as in other businesses; people look out for your weaknesses, and you’re out if you keep it to display.Of course, you can’t be an expert in all the fields, but how you manage is what matters.Suppose you are looking out for an office space in a specific area and you found one; the office space has all the amenities you were looking for, and you don’t want to look for any other spaces.

In this case, if the landlords get to know you are in love with the property, definitely you will not be in a good position to negotiate.

Play like an expert (Even if you’re not)The real estate sector is not for those who are not aware of the field and the market.

Make a great first impression!First impression is always the best impression!Yes, when you meet the landlord in the deal, try building a great first impression.