Ep. 26 Doug Hickel on Commercial Leases

In this episode, Adam talks to Attorney Doug Hickel of Summers Compton Wells and Realtor Matt Simon of Hermann London about commercial real estate.   Email questions to [email protected]  Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/ Guest - Attorney, Doug Hickel Guest - Realtor, Matt Simon ITUNES-http://goo.gl/rs1q9X Blog-https://hermannlondon.com/podcasts/ Website http://hermannlondon.com/ Producer - Joey Vosevich Theme Song by Trastornobeats 0:43 Adam introduces Doug Hickel and Matt Simon to talk about commercial real estate leases 1:45 How did Adam meet Doug Hickel 3:36 How did Doug decide to become an attorney 4:00 What are the different categories of attorneys 5:03 What is a typical day like for Doug 5:38 Does Doug typically only do real estate 6:13 Who is Doug’s target client 8:06 What is a lease and what are the different types 10:14 When is a triple net lease used most often 11:17 How is leasing a store front in a shopping center different 12:04 What are common are maintenance charges (CAM) 12:51 Who controls the common area maintenance charges 14:21 Are there any clauses Doug focuses on regarding caps 15:57 How does it work when the lease requires the tenant to make all the updates 18:51 How common is it for a landlord to offer build-out expenses and tenant improvement allowances 20:02 How do you determine a fair rate increase to the common area maintenance 21:46 Is it common for a lawyer to do residential leases 23:08 Can a broker put a lien on a commercial property in order to receive their commission 24:17 What is the most complex commercial lease Doug has ever seen 25:52 How is the lease for a store in a mall different and what is percentage rent  27:26 How common are personal guarantees for first time business owners 28:56 Has Doug ever seen a landlord have to go after a tenant and how is a commercial eviction different 29:55 How have Doug’s leases changed over the years 30:51 How do you find the right attorney for you 32:19 Is it valuable to work with a law firm with lots of different types of attorney 33:36 What is one of the strangest/most interesting leases Doug has worked on 35:48 What if the landlord  comes around too much and what are negotiated access rights 37:38 How do confidentiality agreements protect the landlord and the tenant and what to do if there is a breach