Office Lease Negotiation Tips
Taking on a commercial office lease is a major commitment for any business and legal advice should be sought in order to safeguard your company against potential pitfalls further down the line.
These Office Lease Negotiation Tips will help you understand the significance of what you are taking on and therefore put you in a stronger position to negotiate acceptable and more favorable office lease terms that your business can benefit from throughout your tenancy.
Start Early: Allow plenty of time to find the right office space and then negotiate the office lease. Typically, this period can extend up to many months depending on the size of your business and the specification of your office space. The last thing you want to do is rush the process because you've left it all too late.
Do your Homework: In order to get the best office lease deal, you need to understanding the market. Ask your Tenant Rep Broker for the latest report on office rental levels to help get a feel for the market.
Don't put all your eggs in one basket!: Give yourself plenty of leverage so you can compare different property and lease options. It's important to be negotiating several properties at once to see which deal comes out best. This will also enable your Tenant Rep Broker to negotiate one deal against another in order to win further office lease incentives on your behalf.
Always use a Tenant Rep Broker: Remember that a Tenant Rep Broker negotiates office leases for a living, and they therefore have far more expertise than you have to negotiate the office lease to your advantage.
Engage your own Real Estate Lawyer: A Real Estate Lawyer will check over the office lease to see whether what has actually been verbally agreed with the Landlord is documented accurately within the office lease, and whether your legal interests are protected.
Understand the Jargon: There's a whole range of legal jargon contained with a commercial office lease and you need to be familar with it. If you're unsure about what it means, just ask your Real Estate Lawyer for clarification before you sign anything.
In all the excitement of moving office, it's easy to overlook what could go wrong. But by following these essential Office Lease Negotiation Tips and having a good Real Estate Lawyer at your disposal, you will be armed with the right knowledge to secure the best office lease deal for your business.
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
-
The Rise of Return on Commute (ROC) - How to Optimize Your Workplace for the New Era of Work
In today's hybrid work environment, employees are increasingly evaluating their commute time and its impact on their productivity and well-being. This has led to the emergence of a new concept called "Return on Commute" (ROC), which is similar to the traditional business metric "Return on Investment" (ROI).
Read Article -
Office Furniture Waste: Finding Sustainable Solutions
Office furniture is an essential component of any workplace, offering comfort and functionality to employees. However, the sheer volume of office furniture waste generated annually is a concerning environmental problem. The disposal of office furniture often contributes to landfills, releases harmful chemicals, and strains valuable resources.
Read Article -
SEE WHAT WE DO HERE WITH GOOD PASSION
With over 20 years of experience, Monroe Moving Pro can be your most trusted and valued locally owned and operating moving company. We are proud to provide a full service and quality that surpasses the expectations of our customers. Whether you are planning to move locally or across the country, for domestic or commercial purposes, Monroe Moving Pro offers tailored services to meet up your specific needs. Our combined approach gives us a direct responsibility to be confident and genuine in providing our services.
Read Article