Lessons to be Learnt when Negotiating an Office Lease
Even savvy business owners encounter issues when it comes to negotiating their office lease, and the best negotiators can find themselves in a minefield. This is because office lease negotiations is a complex process and tenants only deal with an office lease once in while - which is why it's always recommended to hire a Tenant Rep Broker to negotiate the lease on your behalf. They'll ensure you pay the most competitive market rent and get attractive lease terms that will give you security of tenure.
With the right help and a good knowledge of office lease negotiation tactics, you can level the playing field with your Landlord and avoid costly mistakes.
Negotiate several Options
Don't put all your eggs in one basket. It will give you better negotiating power if you negotiate several properties at the same time to see which deal is most favorable for you.
Always use a Broker
Tenant Rep Brokers negotiate office leases for a living, and they know a good deal when they see one. Better still, tenants get this kind of help for free - so you've got nothing to to lose and everything to gain!
Identify Lease Terms
As a tenant, you need to find out what's important to you in this agreement. Like lease length, build out costs, notice period, rent free period etc. Discuss with your Tenant Rep so they understand your goals and ensure the lease terms reflect them.
Get Legal Help
Get help from a Real Estate Lawyer to review the lease before you sign. This is vital to ensure that everything is accurately document, and everything that's been agreed is correctly reflected in the lease. Find a Real Estate Lawyer in your market that's been recommended by Help Moving Office.
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