You are reading the article Will Bitcoin See A ‘Pity Bounce’ Before Pumping To $64,000 And Higher updated in February 2024 on the website Daihoichemgio.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested March 2024 Will Bitcoin See A ‘Pity Bounce’ Before Pumping To $64,000 And Higher
Post 7 September’s debacle, Bitcoin has keenly been recovering on the price charts. Within a span of two weeks, the king coin’s valuation climbed from its local $42.8k lows to $48k. Interestingly, at the time of writing, Bitcoin was the only coin that managed to project a positive weekly RoI [up 5% at the time of writing] in the top 7 list.
So, is this merely a ‘pity bounce’ that the market was witnessing before the actual pump, or has Bitcoin already begun its rally unobtrusively? Well, looking into the state of a few key metrics would help in answering the question with surety.Momentum
The state of the MRGO [Market-Realized Gradient Oscillator] seemed to be fairly appealing at press time. This model helps in keeping track of the change in momentum based on the projections of the realized and market gradients.Will ST HODLers play spoilsport?
Whenever weak hands tend to exit the market, they leave a negative imprint on the price. When old hands sell into strength, a fair share of coins flow into the ST hands. Eventually, the sell supply floods demand, the price peaks and the market eventually turns over. By this point, the long-term HODLers get into their accumulation mode and STH supply begins to trend downwards.
The STH Rollover Oscillator helps in gauging such trends and, has been able to identify market tops. As can be seen from the chart attached, whenever this indicator peaked, in the past [represented by green arrows], Bitcoin’s price also customarily peaked. Similarly, a fall in the reading of this metric ended up pulling BTC’s price down along with it.
After every purple trigger, the market has bottomed and then bounced back. This time around too, it was seen that that the oscillator had already started its upward trend, implying that the market would most likely reach its peak within the next couple of months.How strong is the bullish impulse?
Further, the supply shock ratios have also become even more concrete in their depiction. Bitcoin’s illiquid supply shock ratio had evidently been trending downwards until recently. However, the northbound movement started a few days back and there has been no looking-back since then.
A supply shock is an event that triggers a sudden increase or decrease in the supply of an asset. The change usually ends up affecting the equilibrium price and triggers an change in valuation. This time aound, the market is currently in another bullish impulse of Bitcoin getting locked up by strong hands.
If the trend proceeds in the same direction, there wouldn’t be much for market participants to worry about Bitcoin’s price. Sharing his opinion on similar lines, popular on-chain analyst Will Clemente recently asserted,
“Expecting continued upside through October”
Keeping the state of the aforementioned metrics in mind, it can be concluded that the odds of a “pity bounce” scenario unfolding itself seemed pretty unlikely. Having said that, an eye needs to be kept on the derivatives market for short-term fluctuations. If not-much drama happens over there in the coming days, then Bitcoin’s rally to its pre-set highs, including $64k, should be quite mellow.
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Bitcoin’s value is already below US$35,000, indicating an approaching death cross
The already volatileThe Tightening Government Regulations
The United Kingdom government is coming up with regulations to limit the usage of cryptocurrency and bring it under the surveillance radar. They have announced that digital tokens should meet the same standards of other financial models in order to prevent people from frauds and misleading or seducing investments. According to the statement, cryptocurrency will come under Financial Conduct Authority rules, which will slam tax on virtual assets. On the other hand, Russia has also proposed a blanket ban on all cryptocurrencies in the country. Even cryptocurrency operations like ming will be barred if the implementation comes into effect. Russia’s central bank has stated, “The breakneck growth and market value of cryptocurrency are defined primarily by speculative demand for future growth, which creates bubbles.”Covid and Federal Reserve’s Effect
Since the cryptocurrency market is already hailed for its constant price swings and extreme volatility, the surging number of Omicron cases and the Federal Reserve’s announcement have also impacted the prices drastically. However, the market fall comes as a blow to everybody since investors thought that the market was maturing and will reach new highs in 2023. Unfortunately, it went the other side and crashed on investors’ expectations.How the Bitcoin Loss has Impacted the Crypto market?
‘Decline after decline’ is the recent Bitcoin thing. BTC has lost over 45% of its value in the past couple of months since it reached an all-time high in November. Other digital tokens also suffered as much hit as Bitcoin in the recent past. But since Bitcoin is synonymous with the cryptocurrency market, its price fall has taken a toll on the virtual asset ecosystem. Bitcoin has lost US$600 billion in market valuation while the cryptocurrency market lost US$1 trillion.No Sign of Recovery
The already volatile cryptocurrency market has become even more insane as Bitcoin is stooping to further lows since the beginning of 2023. Bitcoin’s price has gone below its long stood psychological resistance level of US$35,000 several times on Saturday before recording a slight recovery on Sunday. But the constant decline in BTC’s value is indicating a major sell-off season that could put the cryptocurrency at risk. If Bitcoin continues to follow the downward trend, then there are high chances it will fall to US$25,000 before the end of January. Previously, Bitcoin’s value dropped below US$35,000 in July 2023 when investors feared an approaching death cross. But the recent trend of BTC and the cryptocurrency market as a whole is indicating a further price loss as experts predict that a lot is yet to come. The value loss in the backdrop of the Federal Reserve’s announcement to raise the interest rates in 2023. They also unleashed a report on a possible government-issued digital token. This has put all the existing cryptocurrencies in the market at risk. However, Bitcoin is the biggest loser in the market now. Since it is the first cryptocurrency to emerge as a successful implementation of the blockchain network, people also have high expectations for it. Therefore, Bitcoin’s price loss has a direct impact on other virtual tokens in the market. BTC has kept its name for a very long time now. It has even touched a record US$68,000 in November after Bitcoin ETF made its debut in the NYSE. But many factors have begun to pull down BTC’s leg since then. Although US$40,000 was a major barrier, Bitcoin managed to fall back drastically through it. Experts say that Bitcoin might fail to recover since it is showing no sign of bouncing back. Therefore, let’s explore the factors contributing to the price chúng tôi has undergone a massive hack last week after which over 500 customers accounts were trapped. After identifying some suspicious activities, the cryptocurrency exchange has to suspend withdrawals. The scenario further limped people who wanted to buy or trade c cryptocurrencies on the platform. A total of 4,836.26 unauthorized Ether withdrawals and 443.9 Bitcoin withdrawals were recorded on chúng tôi The total unauthorized withdrawal stood at US$30 chúng tôi United Kingdom government is coming up with regulations to limit the usage of cryptocurrency and bring it under the surveillance radar. They have announced that digital tokens should meet the same standards of other financial models in order to prevent people from frauds and misleading or seducing investments. According to the statement, cryptocurrency will come under Financial Conduct Authority rules, which will slam tax on virtual assets. On the other hand, Russia has also proposed a blanket ban on all cryptocurrencies in the country. Even cryptocurrency operations like ming will be barred if the implementation comes into effect. Russia’s central bank has stated, “The breakneck growth and market value of cryptocurrency are defined primarily by speculative demand for future growth, which creates bubbles.”Since the cryptocurrency market is already hailed for its constant price swings and extreme volatility, the surging number of Omicron cases and the Federal Reserve’s announcement have also impacted the prices drastically. However, the market fall comes as a blow to everybody since investors thought that the market was maturing and will reach new highs in 2023. Unfortunately, it went the other side and crashed on investors’ expectations.‘Decline after decline’ is the recent Bitcoin thing. BTC has lost over 45% of its value in the past couple of months since it reached an all-time high in November. Other digital tokens also suffered as much hit as Bitcoin in the recent past. But since Bitcoin is synonymous with the cryptocurrency market, its price fall has taken a toll on the virtual asset ecosystem. Bitcoin has lost US$600 billion in market valuation while the cryptocurrency market lost US$1 trillion.Cryptocurrency investors imagined 2023 to be a great year for every virtual asset. Although the blockchain ecosystem is gaining prominence and features like decentralized applications, smart contracts, and NFTs are becoming the center of attraction, digital tokens are losing value. Especially, experts say that Bitcoin’s price has touched an extreme form where it will suffer a lot to recover.
Investing in a crypto market is something that all investors take very seriously. It is necessary to take a closer look at the market in order to make the best decision regarding the cryptocurrency that would be the best choice for investing. Let’s take a peek into the cryptocurrencies that are expected to explode before the end of 2023!Tamadoge (TAMA)
Tamadoge (TAMA) is a meme coin that has all eyes on it. It is an ecosystem that combines all the features that one player and the future crypto investor want to see: the opportunity to earn while playing, a chance to get some pretty amazing prizes, and also to have a bite of the NFT market. The players will have pets that they will need to take care of and make sure that it doesn’t become Tamaghost. When the baby pets become adults, they will be able to fight other pets and ensure Dogepoints to their owners. The more points the owner has, the higher the place on the leaderboard.
TAMA tokens will serve as keys for unlocking all the interesting features on the platform. There are 2 billion tokens in total, but only one billion tokens are available during a presale. Since it is a deflationary token, 5% of the supply will be burned, which will drive the demand and the price significantly. There is an ongoing presale as we speak, and so far, Tamadoge has raised $9,344,755.143 in total. If you want to buy TAMA coins, these are the steps to do it:Step 1 – Set Up a Crypto Wallet
Those looking to buy Tamadoge crypto must first set up a crypto wallet. Many of the
best crypto wallets
are free and easy to use, although we recommend using MetaMask, due to its multi-chain support.Step 2 – Purchase ETH or USDT
Tamadoge (TAMA) tokens can be purchased using either ETH or USDT. It’s easy to
or USDT using a respected crypto exchange or broker, although you can also buy ETH through the Tamadoge presale platform using a credit or debit card.
Once you have purchased ETH or USDT, make sure to transfer your holdings into your new crypto wallet.Step 3 – Link Wallet to Tamadoge Presale Platform Step 4 – Buy Tamadoge Step 5 – Claim Tamadoge Tokens Bitcoin (BTC)
Bitcoin has been through some pretty hard times this year, and it surely caused major waves that impacted other coins as well. Some investors are die-hard fans of Bitcoin, and it seems like nothing will turn them away from it. However, realistically speaking, Bitcoin is down by 55.85% when compared to the closing price at the end of last year. We had seen the major price change that occurred in June this year when the price of Bitcoin dipped below $20,000. On the other hand, the price of Bitcoin today is $20,412.28, which is a slight sign of recovery.
One of the reasons why Bitcoin remains in the center of the crypto market is the fact that it is the first coin that turned the financial world upside down. Its price is highly volatile, but the enthusiasm of the investors and its durability stay the leading factors why so many people still want to invest. There are some pretty optimistic predictions that its price could explode until the end of this year, but this should be taken with a grain of salt because it seems that the investors are turning towards more secure projects such as Tamadoge because of its utility and predictable price rise.Cardano (ADA)
The price of Cardano(ADA) today is $0.455. When it comes to the trading volume, it is 13.73% lower in the last 24 hours than it used to be. Its price now is a lot lower than the $3.10 that it was a year ago, but as we have seen so far, the changes in the market occur fast and can surprise us at any point.
According to some predictions, the price of Cardano can go up to $0.58 until the end of the year, which is not so far from its value at the moment, but it is surely an increase that would be welcomed with open arms by the investors who own ADA coins. Despite having a reputation for being environmentally sustainable, it is still not enough for investors who want to see true gain and multiple increases in investment. When it comes to the future of Cardano, it is not easy to predict what it will look like. We will wait and see if the optimistic predictions will become a reality or not.Conclusion
So most likely, if you bought your computer from Amazon or Best Buy or some other online website/store, the version of Windows that is included with the computer is going to be the basic version: Starter or Home or Home Premium. In the case of Windows 10, it’s just Windows 10 and not the Professional version.
Why would you want to upgrade to a higher edition? Well, the Professional or Ultimate versions of Windows basically have more features that power users might use like the ability to join a domain, Bitlocker encryption, remote desktop, Hyper-V virtualization and more. So if you have decided to make the move from Starter to Home Premium, Home to Professional, or Professional to Ultimate, how do you go about doing it?
Table of Contents
In this article, I’ll show you how to upgrade your Windows edition in Windows 7, 8.1 and 10. Note that you can currently upgrade a 32-bit version to another 32-bit version and same for 64-bit, but you cannot upgrade from a 32-bit OS to 64-bit.Upgrade Windows 10 to Higher Edition
For Windows 10, there are basically just three editions: Home, Professional and Enterprise. When you upgrade from Home to Professional, you can downgrade or revert back within 30 days unless you run Disk Cleanup and remove previous Windows installations. You only have 30 days because that’s how long Windows keeps the previous version of Windows before deleting it.
Also, for Windows 10, you can’t upgrade directly from Pro to Enterprise. You have to buy it directly from Microsoft and usually with a volume license. If you have Windows 7 or Windows 8.1 Enterprise, you can upgrade that to Windows 10 Enterprise.
This will take you to the Activation screen where you will see a Go to Store link at the bottom.
This will load the Windows Store app and allow you to purchase the upgrade for $99.99.
Once you buy it, Windows will start the process for upgrading Windows 10 Home to Pro. It takes just a few minutes and you’ll just have to restart your computer once after it has finished.Upgrade Windows 8.1 to Higher Edition
As of October 2024, Microsoft no longer sells upgrade packs to Windows 8 or 8.1 Home to Windows 8 or 8.1 Pro. Basically, no one really uses Windows 8 anymore and therefore they are trying to get everyone upgraded to Windows 10.
The only place you can get a Windows 8.1 Pro upgrade is from a third-party seller like Amazon for a whopping $137! That really doesn’t make a lot of sense considering you can upgrade Windows 8.1 to Windows 10 for free until July 29th, 2024. At that point, the Home edition will be $99 and Pro will be $199.
Note that Amazon only sells a keycard, which will contain the product key for Windows 8.1 Pro. To use it, you’ll follow the steps above, but choose I already have a product key to enter the new key.Upgrade Windows 7 using Windows Anytime Upgrade
For Windows 7, once you upgrade to a higher edition, you really can’t revert back without some serious registry hacking, etc. This really shouldn’t be a big issue, but it’s good to know. Also, for Windows 7, you can upgrade from Home Premium to Ultimate without having to upgrade to Professional first. You can basically skip editions.
In the same dialog, you’ll get a list of the different versions along with a nice table of features for each. This is also a great way to compare the different versions of Windows 7 and actually see what the differences are.
That’s pretty much it! After you enter your key, Microsoft will confirm it and all the new features of the higher edition will be available immediately! No need to download anything or install any extra software. Enjoy!
Crypto markets brace for a pivotal week ahead, as bitcoin faces key resistance levels
Bitcoin and the wider cryptocurrency market are gearing up for a potentially momentous week ahead, with a number of key events and milestones on the horizon that could significantly impact prices and market sentiment. From important technical levels to regulatory developments, there is a range of factors that traders and investors will be watching closely in the coming days.
Bitcoin has been on a rollercoaster ride over the past few weeks, as the world’s largest cryptocurrency by market capitalization soared to new all-time highs above $64,000 in early November, only to experience a sharp correction that saw its price plummet by more than 40% to around $36,000. Since then, Bitcoin has been trading in a narrow range between $40,000 and $50,000, as traders and investors look for the next catalyst that could push prices higher or lower.Key events for Bitcoin and other cryptos:
According to the sources, this trading week, the most important event is coming up on Tuesday, February 14 at 8:30 a.m. EST, the U.S. Bureau of Labor Statistics will release the U.S. inflation data for the past month of January.
On Wednesday, February 15, U.S. retail sales for the month of January will be unveiled at 8:30 a.m. EST. They are considered an important measure for calculating household spending sentiment.
On Thursday, February 16, the U.S. Producer Price Index (PPI) for January will be released at 8:30 a.m. EST. Market experts expect a 0.4% month-over-month increase. As recently as December, producer prices had declined by -0.5%, a more significant decline than analysts had suspected.Other technical milestones:
One of the key technical factors that traders will be watching in the coming days is Bitcoin’s ability to break above its 200-day moving average, which currently sits at around $48,000. The 200-day moving average is a widely followed technical indicator that is used to identify long-term trends in the market, and a sustained move above this level could be a bullish signal for Bitcoin.
However, Bitcoin’s latest rally has seen it jump to the north of key resistance in the low $18,000s and come within a few percent of testing its 200-Day Moving Average near $19,500. The last time Bitcoin tested its 200DMA was also in March 2023. Back then, the 200DMA proved an important local top. Bulls will be hoping that is not the case again and, with prices recovering from a much lower base this time, near-term price predictions remain bullish.
Another important technical level that traders will be watching is the $50,000 mark, which has been a key psychological level for Bitcoin in recent months. Bitcoin has traded above and below this level multiple times in recent weeks, and a sustained move above $50,000 could be a sign that the market is once again becoming bullish on Bitcoin.
Regulatory developments are also likely to be in focus in the coming days, as a number of countries around the world continue to grapple with how to regulate the cryptocurrency market. China, in particular, has been cracking down on cryptocurrency mining and trading in recent months, which has had a significant impact on the market.
However, there are also signs that other countries may be moving towards more supportive regulatory frameworks for cryptocurrencies. El Salvador recently became the first country in the world to adopt Bitcoin as legal tender, while countries like Ukraine and India are also considering more friendly regulatory environments for cryptocurrencies.
Research is the key to signing the right business lease. Specifically, look at the building owner, landlord, zoning laws, environmental expectations and nuisance laws.
Know how much you have to pay, what exactly you’re covering and how much your rent will increase each year. Some leases include extra payments (e.g., utilities, insurance or maintenance), while others fold all of your expenses into one monthly lump sum.
Establish details on how your lease will be transferred if your business closes or you move. Two examples are assignment of the lease, which allows another business owner to fully take it over, and subletting.
This article is for business owners who are looking to lease a commercial space and want to ensure they understand the contract.
Signing a lease is an important step for any new business owner. Whether you’re opening a store, moving into an office space or renting out facilities for production, at some point, you’re probably going to have to reserve a space for your business. The world of commercial real estate can be complicated, and it can sometimes take years to find the space you’re looking for.
Once you’ve found that space, signing the contract could feel like an annoying final step before you can get moved in and focused on running your business. But like most legal agreements, a business lease is an important document that requires some research.
“You have to do a lot of planning when you’re moving from one space to another,” said Walter Gumersell, partner with Rivkin Radler. “Confirm the terms that you’re going to be taking.” For example, include clauses about rent, the security deposit, the term of the lease and the use of the space. “You want that to be as broad as possible,” he said.
It should be no surprise that the fine print in a commercial lease is very important. There are two basic steps to take before signing a lease: Do extensive research, and be aware of typical statutes included in business leases.
Steps for research include vetting the landlord, determining the building owner, researching zoning laws and getting a general feel for the area. Before you sign a lease, make sure you get an idea of the payment structure, your own personal risk exposure, the transfer structure, the landlord’s desired holdover rate and any nuisance clauses in your lease. These are some important things to look out for, but keep in mind that typical commercial lease practices vary by state.Commercial lease vs. residential lease
A commercial lease is required any time a business rents a commercial property for the purpose of conducting business from that location. Nishank Khanna, chief marketing officer at Clarify Capital, said a commercial lease agreement is a legally binding contract between a landlord and a business tenant.
“The landlord agrees to rent out the business property, which is typically an office space, in exchange for money,” Khanna told Business News Daily. “Commercial leases typically last from three to five years, creating a long-term relationship between the lessor and lessee.”
Although this may sound very similar to a residential lease, there are some important distinctions between a residential lease and a business lease. For one, while both involve a landlord renting space to a tenant in exchange for money, a residential lease cannot be used for business purposes.
In addition, “commercial leases are less regulated and offer less protection than residential leases,” Khanna said. “They are typically longer in duration and offer greater flexibility when it comes to negotiating conditions than residential lease agreements.”
Another difference is that renters in a residential lease agreement are usually not responsible for paying property taxes, whereas with commercial lease agreements, it’s very common for the tenant to pay at least a portion of the property taxes.
Commercial and residential leases are similar, but there are some important differences, including how long the lease is and who pays the property taxes.Elements of a commercial lease agreement
A commercial lease agreement is a contract, so it must include certain elements and key information for it to be valid and enforceable. At a minimum, information regarding the rent, security deposit, lease duration and any additional costs the tenant may be subject to should be clearly defined within the lease, according to Khanna.
“The ‘other costs’ category is an especially important one that should be carefully reviewed” before you sign the contract, Khanna said. “Building insurance, property taxes and maintenance costs fall under the ‘other costs’ umbrella. These additional expenses can quickly tally up to large overhead costs.”
Khanna also noted that small business owners should be aware of the difference between exclusive and permitted use. For small business owners in competitive industries, an exclusive-use contract can be especially beneficial.
“An emerging brewery, for example, would be wise to request exclusive permission to rent out space within a community market, in order to decrease opportunity for competing sales,” Khanna said. “Without exclusive permission, another brewery could rent space within the market and try to win business from the same pool of customers, thus reducing the first brewery’s profit significantly.”
Did You Know?
There are several core elements of a commercial lease, such as the cost of rent, additional fees, the security deposit and the length of the lease.Researching the area, landlord and lease details
Before you sign a commercial lease agreement, you’ll have to do some research. Make sure to take the following steps while investigating.1. Understand the area.
While looking for a new property, if you’re selling a product or service to the public, analyze the area and get a good idea of your potential clientele. Location means everything for a small business to thrive, so when you’re shopping around for the right properties, take the time to find the right new home for your business. Gumersell said this process can take two years or even longer, so make sure you plan accordingly if your current lease’s end is in sight.2. Find out more about the landlord and building owner.
Gumersell also said that one of the most important aspects of research that is often overlooked is learning more about the landlord and building owner. Sometimes, your direct landlord may not be the true building owner. Either way, find out as much about the landlord and building owner as possible. You’re entering a business partnership together, so make sure you have an idea of who they are, what their financial situation is and whether they’re making good on their payments.
In some states, for example, if a landlord fails to make his or her payments to the building owner, or fails to make mortgage payments to a bank, the business or tenant can end up getting evicted in the event of foreclosure – even if the business has been on time with every payment. That’s just one example of how the relationship between a landlord, tenant and building owner can go awry. Gumersell said businesses can conduct a public records search to find out more about the landlord. You can also request documents related to the landlord’s limited liability company or business entity to learn more about whether it’s an ideal partner for your business.3. Research zoning laws.
Another component to look into is the zoning laws. While your landlord may designate your space for, say, running a restaurant, you have to make sure the landlord’s aims are consistent with the laws of your municipality. There are scenarios in which a landlord or building owner may think they can lease their space to a certain type of business, but it doesn’t match standard zoning laws in the area. By aligning these two details, you can ensure that your business can operate without any major legal headaches from the town or city in which you’re operating.4. Learn about nuisance laws and the environment.
One of the most important aspects of signing a lease is being able to operate your business to its fullest capacity once you open your doors. Many leases have extensive points on noise, smells and equipment. Ann Brookes, a tax attorney, said that when she signed a lease for a restaurant, she had to negotiate an “offensive odors stipulation.”
“The building rules said no offensive odors,” she said. “Whether a smell is offensive is subjective, so I made sure there was an exception for smells ordinary to a restaurant.”
It’s also important to research basic environmental laws regarding the property before you sign anything, Gumersell said. Landlords often miss these laws, and they could be used against your business.
Before signing a lease agreement, do your due diligence on the property. Make sure to research the local area, the landlord, the zoning laws for the area, and any other nuisance and environmental laws the property is subject to.Important commercial lease statutes to keep in mind
There are some key points to keep in mind when you are reviewing your lease. The rent structure is probably the most basic and most important aspect of any lease. By determining how much you pay per month, as well as how much your rent will increase each year, you can better determine budgets and get a full understanding of whether you can stay in business in this new space.
The lease terms are also very important. Consider short-term versus long-term leases. Long-term leases can be a great investment if you’re opening a business in an emerging or growing area, whereas short-term leases provide you with the flexibility to move locations or shutter your business if it doesn’t pan out in the way you hoped.
Both with payment structure and term, make sure you understand exactly what you’re on the hook for each month. Ask your potential landlord about how the following expenses are paid:
Maintenance (both interior and exterior)
Local nuisance laws (noise or scent)
Utilities (water, gas, electric)
Modifications (whether you can adjust the interior or exterior of your space)
Once you’ve established some basic pricing and term structures, it’s time to dive into some of the less-obvious details. While your lease will likely vary by state, here are some good examples of statutes to be aware of before signing a lease:
Transfer structure. Iron out how your lease will be transferred if you want to leave the space or your business closes. According to Gumersell, there are generally two structures for transferring a lease: assignment of the lease and subletting. Assignment of the lease means the entire lease is transferred to a new tenant. Subletting is when a current tenant keeps his or her name on the lease but receives payment from a new tenant and transfers that money to the landlord. In both instances, you usually have to establish prior written consent before the lease transfer. This is a very important aspect of your lease to work out.
Personal exposure. In some cases, you may be required to sign personal guarantees when you sign a commercial lease. These agreements mean you’re personally on the hook for aspects of the lease even if your business defaults. Work with legal counsel to negotiate this aspect of your contract. If possible, you only want your entity or legal business to take on the risk when signing a business lease.
Holdover rent. Holdover rent is a rent increase when a tenant stays after the lease has expired. It’s hard to find a lease, and sometimes when businesses are moving spaces, they end up staying longer than their current lease allows while the new one is being set up. In many contracts, landlords include a clause stating that, in these instances, businesses are responsible for up to 250% of their normal rent payment per month. So, if you stay beyond your allotted time, it could cost you tens of thousands of dollars. Gumersell recommended negotiating this aspect down to around 125%.
Nondisturbance agreement. In many cases, if the landlord fails to pay his or her mortgage on the property, your business will still be evicted, even if you’re making all of your payments. With a nondisturbance agreement, if this occurs, you’ll be permitted to stay and continue paying whatever entity has taken over the building from your landlord, Gumersell said.Everything can be negotiated
While these are some good examples of things to be aware of, there are likely many aspects of your lease that can be negotiated. Work with your potential landlord – and, if necessary, an attorney – to make sure you get the best deal for you and your business.
“Where a residential lease has a fixed term, a commercial lease is often negotiable and can have a longer or shorter-term depending on the conditions set,” said Allan Borch, founder of Dotcom Dollar. “Commercial leases also have fewer legal protections because the consumer laws that apply to residential lease agreements do not cover commercial leases.”
Don’t hesitate to negotiate the terms of the lease. Many aspects of the contract, especially the length of the term, are negotiable.Commercial lease agreement terms to know
Borch and Dan Bailey, president of WikiLawn, listed some key terms that small business owners should know regarding commercial lease agreements. The list does not include every possible term you may encounter on a commercial lease agreement, but it’s an overview of the ones you are most likely to see.
Rent amount/base rent. This amount is calculated based on the square footage of the space. Make sure the number the landlord is using actually represents usable space. This rent is not dependent on revenue.
Usable square feet. This refers to the amount of space actually reserved for the business as a tenant, in cases of shared spaces.
Rent increases. Rent increases are usually based on a percentage of the total rent, and that can change from year to year. You can negotiate with the landlord to put a cap on rent increases.
Security deposit. This is the amount to hold the space until the paperwork is finalized. The amount should be specified both ahead of time and in the lease agreement.
Length of the lease. The length of a commercial lease is usually somewhere between three and five years, as commercial landlords prefer longer lease terms. The lease agreement also often specifies the start and end dates of the lease.
Improvements. This part of the commercial lease agreement lays out the types of improvements and upgrades that can be made to the space and who is responsible for the costs. Many aspects of this section can be negotiated.
Bottom line. Make sure you understand all of the terms in a commercial lease contract and are comfortable with them before signing on the dotted line.
Grant of lease. This is the clause that states that the landlord will turn the property over to the tenant once all of the conditions (e.g., paying the security deposit) have been met and the tenant accepts the property from the landlord.
Commencement date. This is the date on which the tenant takes over the property, more commonly stated as the first day the tenant becomes responsible for paying rent and maintaining the rental property.
Extension. Both parties can agree to an extension of the agreement in writing, and it must be signed by both parties.
Late fee. If the tenant is late in paying rent, they will incur a late fee that is outlined by the commercial lease agreement. This can be a flat fee or a percentage of the monthly rent.
Taxes. This section outlines all of the taxes associated with the property (property taxes, real estate taxes) and who is responsible for paying them. Within this section, there could be subtopics, like Contest of Taxes (the tenant can contest the amount of personal or real property tax they are responsible for paying), Payment of Ordinance Assessments (the tenant usually pays for all ordinary assessments, which are obligatory, and extraordinary, which are by choice) and Change in Method of Taxation.
Obligation for repair. This section states what types of repairs the landlord is obligated to make – like defects, deficiencies, failures or deviations in materials – that are vital to the operation of the property. It also outlines the repairs that tenants are responsible for.
Permits. Both parties are to acquire all necessary permits and licenses for making improvements or repairs at the location being rented.
Covenants. These terms are different for the tenant and the landlord; each has a separate set of covenants. For example, a covenant may state that the tenant is required to pay rent even if the landlord fails to uphold some of their responsibilities as stated in the lease.
Indemnity by tenant. This clause essentially removes all liability from the landlord in the event of injury, loss, claims, or damage, unless those things are a direct result of willful acts or omissions or gross negligence on the landlord’s part.
Rent abatement/adjustment. This section states if the rent will be adjusted or eliminated in the event of property damage from a fire or other natural disaster.
Condemnation. This clause is often overlooked, but it’s important. It determines what happens if the rental property is taken from the landlord by a government agency for public use, either by condemnation or eminent domain.
Option to purchase. This clause states that, at any time during the lease, the tenant has the right to buy the property at an agreed-upon price. This clause isn’t mandatory, but it doesn’t hurt to include it. The clause can also state that the tenant does not have the right to purchase the property during the term of the lease. Either way, it’s good to have it in writing.
There are a number of lease terms you should be familiar with, including usable square feet, commencement date, grant of lease, covenants and rent abatement.Commercial lease FAQs
Commercial leases can be complex. Below are four of the most frequently asked relating to commercial leases and their answers.What is a typical commercial lease deposit?
It is normal for the lease deposit to include a security deposit and two months of rent. The average cost is around $4,000, according to research done by a property management group in Houston.Are utilities included in commercial leases?
The answer to this question depends on the type of lease. The utility needs of a skyrise office suite are quite different from a textile semiconductor manufacturing plant. To simplify the sheer range of leases that exist, most commercial leases are split into three categories. A gross lease covers all operating expenses, and that includes utilities. A net lease is less inclusive and usually does not cover utilities. A modified lease can be either a gross or net lease, with custom changes negotiated by both parties.When should you buy or lease commercial property?
In the long term, owning commercial property is typically more economical than leasing. Leases are still popular because many businesses can’t devote a significant portion of their capital to commercial real estate. If a business can afford to tie up assets in commercial real estate, purchasing is the better option. If not, leasing is the way to go.How long is a typical commercial lease?
Commercial leases are typically three to five years. That guarantees enough rental income for the landlords to recoup their investment. Leases are often negotiable, but for a commercial lease, landlords frequently allow customization of the space for the sake of the renting business. This means that landlords invest a lot more money into commercial real estate than they might for residential properties.
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