Lease Checklist: Negotiating the best lease
You've found the ideal office space for your business, and now you need to focus on getting the best deal possible on your rent and lease terms.
Get representation
When it comes to getting the best deal on your lease terms, the most important thing you can do is make sure you are represented. You will want a tenant rep broker and lawyer working on your side to negotiate on your behalf and advise you which clauses you ought to be negotiating.
Measure the space
Don't automatically assume that the square footage amounts to what the property is advertised at. Take your own measurements, or have your office design company do a full appraisal of how much square footage is actually useable.
Rent reviews & increases
The rent review clause is an important one for the future security of your office space. Try to get a fixed percentage rate of annual increase so that you are not met with any surprises at your rent review.
Understand the market
The more familiar you are with the market and any recent, similar deals to yours, the better equipped you are to achieve a favorable deal. This information will be key to good negotiation and getting a landlord to come down on price.
Make sure you have the option to renew
At the end of the lease, make sure you are given the option to renew. You may not want the upheaval of relocating at the end of the term if the space suits you. If you find the market is lower than it was at the start of the lease, you can always renegotiate.
Ability to sublease
Make sure that any restrictions to sublease are lifted. If you have space available at the start of your lease, you may want to sublease part of it to another tenant to help with the costs. Conversely, if you grow, you want to be able to move and sublease the space.
To find tenant representation in your area, search our member directory.
Planning an office move? Go the office relocation planning resource center
-
Start Planning Your Office Move
Wherever you are in your office move process Help Moving Office has the information you need to plan your office move properly.
Start Planning -
Access The Resource Center
With over 15 guides, checklists, tools & calculators the Resource Center has everything you need to plan, organize & manage a successful office move.
See Resources -
Office Relocation Services Directory
Looking for the right companies for your office move? Connect with independently sourced and pre-qualified vendors that are experts in your local market.
The Directory
Latest Tips
-
Chicagoland’s Office Moving Experts!
When it comes to moving and installing cubicles, MAC Relocations is not just a service provider; we are your partner in office transformation.
Read Article -
PROFESSIONAL PACKING SERVICES | DIRCKS MOVING & LOGISTICS
MOVING TIPS & ADVICE
Read Article -
Smart Moves: The Advantages of Opting for Used Office Furniture When Moving
As businesses evolve and spaces transform, the need for cost-effective solutions becomes paramount. Moving offices presents an opportunity not only to redefine your workspace but also to make savvy choices that align with your budget. Discover the advantages of choosing used office furniture when making the move – a decision that not only benefits your bottom line but also contributes to a sustainable and flexible office environment.
Read Article