Ep. 26 Doug Hickel on Commercial Leases

St. Louis Realtor Podcast

In this episode, Adam talks to Attorney Doug Hickel of Summers Compton Wells and Realtor Matt Simon of Hermann London about commercial real estate.

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Host - Adam Kruse https://hermannlondon.com/realtor/adam-kruse/

Guest - Attorney, Doug Hickel

Guest - Realtor, Matt Simon

ITUNES-http://goo.gl/rs1q9X

Blog-https://hermannlondon.com/podcasts/

Website http://hermannlondon.com/

Producer - Joey Vosevich

Theme Song by Trastornobeats

0:43 Adam introduces Doug Hickel and Matt Simon to talk about commercial real estate leases

1:45 How did Adam meet Doug Hickel

3:36 How did Doug decide to become an attorney

4:00 What are the different categories of attorneys

5:03 What is a typical day like for Doug

5:38 Does Doug typically only do real estate

6:13 Who is Doug’s target client

8:06 What is a lease and what are the different types

10:14 When is a triple net lease used most often

11:17 How is leasing a store front in a shopping center different

12:04 What are common are maintenance charges (CAM)

12:51 Who controls the common area maintenance charges

14:21 Are there any clauses Doug focuses on regarding caps

15:57 How does it work when the lease requires the tenant to make all the updates

18:51 How common is it for a landlord to offer build-out expenses and tenant improvement allowances

20:02 How do you determine a fair rate increase to the common area maintenance

21:46 Is it common for a lawyer to do residential leases

23:08 Can a broker put a lien on a commercial property in order to receive their commission

24:17 What is the most complex commercial lease Doug has ever seen

25:52 How is the lease for a store in a mall different and what is percentage rent

27:26 How common are personal guarantees for first time business owners

28:56 Has Doug ever seen a landlord have to go after a tenant and how is a commercial eviction different

29:55 How have Doug’s leases changed over the years

30:51 How do you find the right attorney for you

32:19 Is it valuable to work with a law firm with lots of different types of attorney

33:36 What is one of the strangest/most interesting leases Doug has worked on

35:48 What if the landlord comes around too much and what are negotiated access rights

37:38 How do confidentiality agreements protect the landlord and the tenant and what to do if there is a breach