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What is a commercial leasing representative?

Leia Doyle

What is a commercial leasing representative?

Responsible for all leasing functions, which may include reviewing and negotiating lease transactions and agreements. Being a Commercial Leasing Manager oversees completion of all necessary paperwork and ensures proper customer service.

Can you expense lease commissions?

Generally, commissions and expenses, including attorney’s fees, paid by the landlord in obtaining the lease are not deductible when paid, but must be capitalized and amortized over the life of the lease.

What does a commercial appraiser do?

A commercial real estate appraiser determines the monetary value of business properties and other assets. To create their valuation reports, appraisers personally inspect properties, collect data, conduct financial analysis, and stay up to date with local real estate market conditions.

What’s better commercial or residential real estate?

Commercial real estate tends to award investors a much wider range of potential investment. For example, there are more commercial property investment funds than residential ones. On the other hand, residential real estate investing tends to give investors a more active role in the property.

Are leasing commissions tax deductible?

The Landlord and Tenant should never be lax about lease terms just because the Landlord and Tenant are related. The Landlord and Tenant may incur certain costs in connection with the lease such as professional fees and commissions. These costs are generally tax deductible.

Do lease commissions have to be amortized?

For tax purposes lease commissions must be capitalized and amortized over the length of the lease. Exceptions include: The term of the lease is month-to-month, or. Lease commissions that are less than $5000 per tenant.

What does lease fee mean?

Lease fee is defined as an ownership interest held by a landlord with the right of use and occupancy conveyed by lease to others; usually consists of the right to receive rent and the right to repossession at the termination of lease.