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About Peter Liebert, SIOR
Expertise
Industrial and suburban office transactions. Crane served and rail served faclities. Build-to-suit projects for distribution, manufacturing, r&d and general purpose use. North America and overseas experience for corporate entities.

Experience
Over 30 years of commercial experience. Eastern United States,including Florida, Bahamas, Central America.

Organizations
Society of Industrial & Office Realtors. Tristate Commercial & Industrial Association of Realtors (past President). Team Pennsylvania-Ambassador.

Publications
Tristate C&I Quarterly Report

Education/Credentials
Univ. of Pennsylvania (2 years), Villanova Univ. '69

 
   

You are here:  Experts > Real Estate > Commercial Real Estate > Commercial Real Estate Investment > office building lease

Commercial Real Estate Investment - office building lease


Expert: Peter Liebert, SIOR - 3/25/2009

Question
i am looking to find out what the standard fee or percentages when a tenant uses utilities beyond the regular operating hours

Answer
After hours use should be negotiated prior to the lease being signed. My experience is that there is no "standard" other than what the custom is in the immediate market (there should be standards available). If the Lessor does not have a fee schedule, you should obtain one from a competing Lessor's building or a property management firm. If you used a Realtor for your lease ask that person. Otherwise, contact a local Society of Industrial and Office Realtors (SIOR.com) member and ask them for assistance. Your use and hours of use should be defined. If you have a disaster recovery company that needs redundant 24/7 back-up and 24/7 operating use, you will have a different fee than a law firm that is working until 10PM, assuming that normal operating may be 7PM after which a fee might be charged. Best of luck. / Peter

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