Page 46 - The Dental Entrepreneur
P. 46
The Dental Entrepreneur
“Let us never negotiate out of fear, But
let us never fear to negotiate.”
John F Kennedy
CHAPTER 7
Negotiating A Building Lease
Before we get into the specifics of lease negotiations, I will outline some terms
that you should be familiar with.
Real Estate Terms ( Blacks Guide )
Abatement A reduction or decrease, usually applies to
the forgiveness of rent
Assignment A transfer between parties of title to any
property
Base Rent A set amount used as a minimum rent in a
lease
Boma method of measurement A standard adopted by the Builders Owners
and Managers Association for the
measurement of useable and rentable office
space.
Page 40
