{"id":3646,"date":"2018-07-27T14:40:07","date_gmt":"2018-07-27T05:40:07","guid":{"rendered":"https:\/\/nami-newyork.com\/?page_id=3646"},"modified":"2019-03-12T12:09:18","modified_gmt":"2019-03-12T03:09:18","slug":"commercial","status":"publish","type":"page","link":"https:\/\/nami-newyork.com\/en\/commercial\/","title":{"rendered":"Commercial property"},"content":{"rendered":"

Expanding your business into New York<\/span><\/h2>\n

Commercial property contracts often include multiple negotiations which makes reaching a deal complex. We shall do our best to contract optimal properties for our clients with advantageous conditions based on our abundant knowledge and experience and teamwork.
\nFrom property guidance to negotiations, contracts, support during the lease period, and processing after lease expiration, our expertise leads to consistently excellent results.\u3000<\/span><\/p>\n

Also, we do consulting to help you plan your visit to New York and ensure your trip is spent efficiently, so please do not hesitate to contact us.<\/span><\/p>\n

Worklow to store \/ restaurant agreement contract<\/span><\/h3>\n
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\nStep 1\u3000<\/strong>Free consulting (click to confirm details)<\/p>\n
\nWe listen carefully to fully understand our client’s wishes and make it easy to understand the procedure in order to make a purchase \u00b7 necessary expenses \u00b7 funding plan.<\/p>\n
\nCheck items & explanation<\/strong>
\n\u2022\u3000Usage
\n\u2022\u3000Funding plan (budget)
\n\u2022\u3000Necessary expenses
\n\u2022\u3000Explain the current New York commercial real estate market
\n\u2022\u3000Select properties suitable for your needs from huge data sources
\n\u2022\u3000Introduce legal professionals & accountants & architects and other experts as necessaryWe will proceed to the next step after fully understanding the customer.<\/div>\n<\/div>\n

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Step 2 <\/strong>Listing (click to confirm details)<\/p>\n

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We shall provide you with listings based on your requests.<\/p>\n

\nWe will arrange showing efficiently that matches your needs.
\nManhattan \u00b7 Queens \u00b7 Brooklyn \u00b7 Bronx \u00b7 Staten Island \u00b7 We cover all of New York City.<\/div>\n<\/div>\n

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Step 3\u3000<\/strong>Estimate (click to confirm details)<\/p>\n

\n
\n\u2022\u3000Check acquisition of various licenses and duration to obtain those licenses
\n\u2022\u3000Renovation cost estimate from architect<\/div>\n<\/div>\n

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\u2193<\/div>\n
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Step 4\u3000<\/strong>Offer Property Application (Click to confirm details)<\/p>\n

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After quotation confirmation we can make an offer.<\/p>\n

\nWe also negotiate items. We shall investigate the latest rental amount and purchase price of neighboring similar properties and let you know the market price.
\nContent of negotiation: Check items<\/strong>
\n\u2022\u3000Key money (if any)
\n\u2022\u3000Rent
\n\u2022\u3000Rate increase rate
\n\u2022\u3000Deposit amount
\n\u2022\u3000Duration of free rent
\n\u2022\u3000Real Estate Tax
\n\u2022\u3000Each utility fee
\n\u2022\u3000Contract period
\n\u2022\u3000Option to renew
\n\u2022\u3000Good Guy Guarantee
\n\u2022\u3000Build Out refurbishment cost by owner’s share
\n\u2022\u3000HAVC installation
\n\u2022\u3000Business hours
\n\u2022\u3000Each license
\n\u2022\u3000SignsOther, case by case.<\/div>\n<\/div>\n

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\u2193<\/div>\n
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Step 5\u3000<\/strong>Confirm both terms of Term Sheet (click to confirm details)<\/p>\n

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\nAlthough it may be signed, it is not legally binding.<\/div>\n<\/div>\n

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Step 6\u3000<\/strong>Agreement (click to confirm details)<\/p>\n

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Landlord’s & tenant’s attorney information exchange<\/p>\n

\nAfter the agreement, the contract is completed, there is a consideration period of 3 to 7 days.
\nIn the meantime, further negotiations will be made through lawyers if necessary.<\/div>\n<\/div>\n

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\u2193<\/div>\n
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Step 7\u3000<\/strong>Final Inspection (Click to confirm details)<\/p>\n

\n

Final inspection of property<\/p>\n

\n\u2022\u3000Check for malfunctions such as electric appliances wet area, refrigerator, air conditioner, etc.
\n\u2022\u3000When a repair is required, we negotiate cost burden and repair time.<\/div>\n<\/div>\n

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Step 8\u3000<\/strong>Contract (click to confirm details)<\/p>\n

\n
\nBring:<\/strong>\uff1a
\n\u2022\u3000Photo ID in English (must show the same name as the contract signer)
\n\u2022\u3000Check
\n\u2022\u3000Insurance policy<\/div>\n<\/div>\n

 <\/p>\n<\/div>\n

Contract completion! Thank you for your hard work.
\nWe also coordinate real estate attorneys, accountants, architects and interior designers.<\/p>\n

\"\"<\/p>\n

\u30fbPreparation<\/h5>\n

Transactions run smoothly if you are prepared in advance.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Attoney Fee<\/td>\n\uff042,000\uff5e\uff045,000<\/td>\n<\/tr>\n
Credit check Fee<\/td>\n\uff0450\uff5e150<\/td>\n<\/tr>\n
Insurance<\/td>\ncase by case<\/td>\n<\/tr>\n
Renovation<\/td>\ncase by case<\/td>\n<\/tr>\n
Permit for sign<\/td>\ncase by case<\/td>\n<\/tr>\n
License<\/td>\ncase by case<\/td>\n<\/tr>\n
Security Depotit<\/td>\nFrom 3 months of rent<\/td>\n<\/tr>\n
Rent<\/td>\nFirst month’s rent<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u203b Deposit
\nIt is usually three months’ rent, but if a credit history (credit check) can not be done in the US, or if the credit score is low, it is likely that the security deposit will be added. In that case, you may be able to sign up with a security deposit of three months by pre-paying rent or by attaching a Guarantor (guarantor).
\n\u203b Broker fee
\nBroker fee for commercial property is generally paid by the owner, so it is not the responsbillity of the tenant.
\nHowever, in the rare occasions where the owner is an individual or a small company, the fee may be paid by the tenant.
\nThe fee is included in the rent for the brokerage commission paid by the owner.
\nIn the case of a tenant’s payment, you may feel like you are paying extra, but in the long run, it is often profitable as the rent maybe cheaper, so please judge by the bigger picture.<\/p>\n

Required Documents (For everyone signing the contract \u00b7 English translation required)<\/h5>\n

\u2022\u3000W2 Form\u3000\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0withholding leaflet (English translation) over the past 1-2 years\u3000\u21d2\u3000Sample<\/a><\/strong>
\n\u2022\u3000Tax Returns\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Tax Certificate (English translation) over the past 1-2 years\u3000\u21d2\u3000Sample<\/a><\/strong>
\n\u2022\u3000Pay stub\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Payroll Statement (English translation) Over the past 3 months
\n\u2022\u3000Certificate of incorporation company foundation certificate
\n\u2022\u3000Employment letter\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (English)\u3000\u21d2\u3000Sample<\/a><\/strong>
\n\u2022\u3000Financial statements\u3000\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u3000\u21d2\u3000Sample<\/a><\/strong>
\n\u2022\u3000Bank Statement\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (English) Over the past 1 to 3 months
\n\u2022\u3000Photo ID English (passport etc.)<\/p>\n

Documents required by the property are determined on case by case basis.
\nThere are also documents that require notarization (Notarize). The procedures are available at the notary office or the American embassy.<\/p>\n

\"\"<\/p>\n

For a free consultation, please do not hesitate to contact us.<\/p>\n

Contact us<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Expanding your business into New York Commercial property contracts often include multiple negotiations which […]<\/p>\n

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