Any landlord, investor or property manager knows that one of the most important parts of their job is attracting tenants and filling vacancies. However, what happens after the vacancy is filled? Retaining tenants is a vital piece of the puzzle.
This issue of Market Leader features:
- Key Assets final issue for 2019 out now
Harcourts National Auction Manager, Aaron Davis, talks about selling commercial property at auction and the intangible factors that can make the magic happen.
Aaron Davis has been in real estate for 15 years and has called upwards of 4,500 auctions over the past decade. You could say that Davis has real estate in his genes. His father owned the Harcourts Blenheim franchise, which is where Aaron cut his teeth on the business of selling real estate.
By now, we all know about co-working, a new business model which totally disrupted the commercial real estate office sector in the US by reimagining the workspace. Co-working has quickly expanded to become the country’s most popular office design scheme.
Personal Guarantees are used as a way of overcoming concerns regarding future events, but it is never something to be taken lightly. It is important that a person providing a personal guarantee understands its full implications before agreeing to it. Obtaining independent legal advice should always be recommended.
Global growth continues to edge down amidst an almost farcical global political backdrop. Back home, sentiment has, if anything, darkened in response to the Reserve Bank (RBNZ) 50 basis point OCR cut in August. For property markets, will the allure of low interest rates overcome ingrained caution?
NAI Harcourts has released its final NAI Harcourts Key Assets commercial portfolio for 2019, which includes a selection of properties and businesses for sale and lease from around the country.
Whether you’re in the market looking to invest in a commercial property or you already own commercial real estate, you’ll want to ensure that you get the maximum return on your investment.
A party purchasing a business typically includes a restraint of trade provision in the contract. In consideration of the price, the purchaser requires comfort that the vendor cannot undermine the business by competing in such a way that compromises its value or goodwill. Penalties for breaching a restraint should also be considered at the time of contracting. The following case was recently before the High Court and demonstrates the issues at play.