Eagle Mountain Lake 
 
Eagle Mountain Lake and Boat Club

Nestled about 15 miles north of downtown Fort Worth in Tarrant County, Eagle Mountain Lake is an ideal place to live. This community offers a stable economy, top-notch schools and everlasting recreational activities.  One of the largest communities on Eagle Mountain Lake is Lake Country Estates.  Other communities and neighborhoods are The Resort on Eagle Mountain Lake, Crest Point Addition,Secret Harbor, The Landing, Harbor View, The Seville, Snug Harbor, Oak Harbor, The Orchards, Eagle Ranch, Gleneagles, Eagle Ridge and The Water Front.

One reason why this area is quickly growing is its recruitment of new and expanding businesses. Within easy commuting distance,  you will find major corporations like Lockheed Martin and Burlington Northern Santa Fe (BNSF).  Another is the Eagle Mountain-Saginaw Independent School District located near the Eagle Mountain Lake area on Bailey Boswell Rd. The ISD serves more than 12,500 students (a 17% increase over last year). The district presently has nine elementary schools, three middle schools, two high schools, an alternative discipline center/learning center, and the Weldon Hafley Development Center. Each of the campuses in the district is accredited by the Southern Association of Colleges and Schools and the Texas Education Agency. From elementary school to high school, diverse special programs are available to support the regular curriculum and to provide for special needs. The district also offers an alternative education to at-risk students through the Elmer C. Watson Learning Center and an Alternative Discipline Center. The Azle Independent School District is located in portions of Tarrant, Parker and Wise Counties. The District includes the incorporated cities of Azle, Lakeside, Reno, Pelican Bay and Sanctuary and is located on the west side of Eagle Mountain Lake and 15 miles northwest of downtown Fort Worth. The ISD has 11 schools, 5,804 students and a Student/Teacher ratio of 13.7:1.

Eagle Mountain Lake hillside view

With nearly 9,000 acres of water,recreational opportunities are abound for all residents to enjoy. The lake offers fishing, boating, swimming and camping. If you get hungry while cruising around, you can take your boat right up to a restaurant located on the calm shore. Of special interest is the world renowned Fort Worth Boat Club located at 10000 Boat Club Road in Fort Worth, Texas. You can take sailing lessons (taught by top notch skippers) and/or experience lake life and fine dining to its fullest.

The Eagle Mountain Lake area offers plenty of room to grow as much of the land has yet to be developed. Whether you are looking for your first home, next home, relocating or looking to build the home of your dreams, Roy Robertson can show you the ins and outs of this respected community. The Eagle Mountain Lake’s real estate market offers a wide variety of housing options including single family homes, new construction and luxury estates.

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Commercial Real Estate

Leasing a commercial space instead of committing yourself to owning commercial real estate can be an excellent move. But there are fewer tenant-friendly laws when it comes to commercial leases, and no standard lease agreements. You’ll need a agent ’s help to negotiate the best deal on a commercial lease.

Every commercial lease should be in writing and should include the following details:

  • How much rent is due, including any increases (called escalations). You’ll want to know the going rate for space in the neighborhood before you begin negotiating. It also helps to let the landlord make the first offer, and ask for a lower rent than you think you can get initially. Escalations should be for specific dollar amounts or tied to a known method of calculation, such as cost of living indexes.
  • How long the lease runs, when it begins and under what conditions you can renew the lease. A shorter lease means less commitment, but less predictability for the long run. If location is very important — for example, if you have a retail store — you may want to opt for a longer lease. You can always attempt to renegotiate lower rents or improvements as time goes on. If you have a month-to-month lease, you’ll want to make sure the landlord has to give you as much time as possible when terminating the lease.
  • Whether your rent includes utilities, such as phone, electricity and water, or whether you’ll be charged for these items separately.
  • Whether you’ll be responsible for paying any of the landlord’s maintenance expenses (C.A.M.), property taxes and insurance costs, and if so, how they’ll be calculated.
  • Any required deposit, and whether you can use a letter of credit instead of cash.
  • A description of the space you’re renting, square footage, available parking and other amenities.
  • A detailed listing of any improvements the landlord will make to the space before you move in. Your landlord may be more willing to make lots of expensive improvements if you’re signing a longer lease.
  • Any representations made to you by the landlord or leasing agent, such as amount of foot traffic, average utility costs, restrictions on the landlord renting to competitors (such as in a shopping mall), compliance with Americans With Disabilities Act requirements and so forth. These may come in handy later when you want to renegotiate your lease.
  • Assurances that the space is zoned sufficiently for your type of business. Of course, you’ll also want to check out this information with local zoning authorities.
  • Whether you’ll be able to sublease or assign the lease to someone else, and if so, under what conditions. You’ll want to negotiate the ability to sublease so that you can move with as little financial pain as possible.
  • How either you or the landlord can terminate the lease and the consequences.

 

When it comes time to renegotiate your commercial lease, you will want to document your reasons for a lower rent or more space improvements with hard facts regarding lower foot traffic than represented, a downturn in your industry and so forth. Some landlords will even be willing to take a percentage of your sales instead of a flat rental fee when economic times are slow.

As a tenant, you have far more leeway when negotiating a commercial lease than with a residential lease, which is one reason why having your own agent  to represent you in negotiations is so important. A agent can also research zoning laws and local ordinances and fill you in on local real estate market conditions and customs.

Roy Robertson has help with negotiating for his clients on Commercial Lease since 1999.

 

 

Roy L. Robertson--Real Estate Agent

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                      Commercial Leases