Moving Office - who's protecting your interests?
Office Leases
Moving into new office space is an exciting time. It represents the future for your company - the opportunity for business growth and increased productivity. But taking on a commercial office lease is one of the biggest financial and operational commitments your business will undertake.
You should be clear, from the onset, that an office lease is a legally binding document that imposes liabilities and obligations on both parties for the term of the lease. It follows that failing to comply with any of these obligations at any stage of the term of the office lease may have costly legal, financial and operational consequences for your business.
Remember, again, that an office lease is a legally binding contract between the owner of the office property and the tenant. It follows that, before signing the lease, you must be certain that you understand every single word, phrase and clause that it includes. Why? Because these words, phrases and clauses represent the terms and conditions by which your tenancy will be dictated. Failure to comply with any terms of the lease agreement may result in court action being taken.
It is, therefore, imperative that you get a Commercial Real Estate Lawyer to review and negotiate on the terms of your lease on your behalf. Hiring a Commercial Real Estate Attorney is not a luxury. Their role is a vital one for the future health of your company - namely, to ensure that the office lease you sign is one that protects your company's best commercial and operational interests. It is a major MUST-DO when moving office. It safeguards your company from being exposed to costly & restrictive lease terms and prevents any avoidable disputes that may arise in the future.
Legal Considerations when Moving Office
There are, surprisingly, all too many examples where companies have paid the penalty of not having their own legal representation (usually driven by a lack of experience or mis-placed desire to "save money"). This frequently causes issues at some stage throughout the lease. Whatever your circumstances it is essential to get legal advice from the onset.
Why hire a Commercial Real Estate Lawyer:
- They are alert to the pitfalls of office leases
- They are up-to-date with all current issues surrounding lease agreements
- They negotiate office leases for a living
- Their job is to protect your company's best interests throughout the term of the lease
Real Estate Attorney fees are not large - especially when considered against the total costs of a lease over the length of its term. And when compared with the costs of entering into a poorly negotiated lease they are very small indeed.
Tenants who do not seek professional legal advice over the detail of their office lease expose their business to considerable risk and costly operational consequences further down the line.
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
-
85 Critical Tasks Before, During, and After the Move
An office move has countless moving parts. Where do you start? Keep reading... "Guru" of office moving, Ed Katz, has you covered!
Read Article -
Request for Information (RFI) with Best Answers
Looking for the best mover for your office relocation? The best way to narrow down your search is to ask the right questions. What are the right questions? We're here to help! Ed Katz, president of the International Office Moving Institute (IOMI) and guru of office moving, will tell you exactly what you should be asking potential movers and what the right mover will say.
Read Article -
Stages of an Office Move
Identify the key stages of an office move and find out what important issues need to be considered at each milestone.
Read Article
