During lease negotiations, a landlord will ask the tenant to present financial statements. This is done to ensure the tenant has the resources to carry out lease obligations. In fact, the review and approval of a tenant’s financials are contingencies in most letter of intent forms. This covers their rear end. Why not cover yours? […]
A building reconstruction that isn’t compliant with current codes can costs you significant time and money. H.W. Holmes, Inc. – a commercial construction contractor in Camarillo, CA – looks at how hiring a commercial contractor unfamiliar with current codes can… well, let just say it… Bite you in the ass.
Very seldom are commercial general contractors […]
Restaurant renovations or redesigns make old establishments fresh and new again. In this blog post, H.W. Holmes, Inc. – a Camarillo, CA-based commercial construction company specializing in restaurant construction and renovations – offers six tips for a successful restaurant renovation or redesign.
Need to bring new life to a tired establishment? When done right, restaurant renovations, […]
Contractors use a lot of commercial construction-specific terminology when talking to landlords and tenants. Language that makes complete sense to architects and builders but confuses anyone outside of the industry. Especially first-timers who haven’t dealt with construction for tenant or leasehold improvements before. “Interior build-out” is one of those terms. In this blog post, H.W. […]
Ideally every commercial renovation project would run as efficiently and smoothly as possible. There’d be no delays or unexpected added costs. But, in reality, there are multiple factors that could negatively impact any commercial remodeling schedule. In this post, H.W. Holmes, Inc. – a commercial renovation company servicing Los Angeles, Ventura, and Santa Barbara counties […]
Office design today plays an integral role in a company’s branding, success, and growth. Modern offices have evolved from the days of soul-sucking high cubicle walls and horrible fluorescent lighting. The workplace today is all about experimentation and breaking from tradition. Today’s employee can be as nomadic as they choose to be – thanks to […]
Tenant improvement allowances (TI allowances) are a significant expense for landlords. Customizing even a smaller space can often cost a landlord up to six figures. As with anything carrying that kind of price tag, a lot gets said about the true value or worthiness of tenant improvements. Some of what gets said simply isn’t true. […]
Tenant improvement allowances (TIAs) are greatly misunderstood. A TIA isn’t a cash advance. It’s an agreement between the landlord and tenant where the tenant gets reimbursed for any tenant improvement construction needed. The intent of this type of tenant build-out is to customize a space for their use. The caveat, however, is certain conditions must […]
Ask For a Cash Allowance Before a TI Allowance
Although they’re basically the same thing, there is one key difference. With a TI allowance, a tenant will usually have to first pay the contractor out of pocket. When construction is complete, they present the landlord with receipts and they’re reimbursed whatever they paid out.
With a cash […]
HOW MUCH WILL A LANDLORD PAY TO HELP CUSTOMIZE A SPACE FOR YOUR USE?
When you’re shopping for a commercial space, very rarely will you come across a location that’s seemingly tailor-made for you and move-in ready. Maybe it’s a great location but the interior hasn’t been upgraded since the 90s? Maybe a wall needs to […]