Office Space Lease Negotiation Tips
Office Space Lease Negotiation Tips
Not engaging your own Real Estate Lawyer (one that specializes in commercial property - representing Tenants) to review & negotiate the detail of your office lease is a major office relocation error that could expose you to potential liabilities that you are unaware of.
Office Lease Agreements
An office lease is a legally binding contract 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 company.
Office Property Matters
The detail of the lease agreement that you sign for your office property does matter! The main role of your Commercial Real Estate Lawyer will be to ensure that the terms which you and your Tenant Rep Broker have negotiated are reflected in the final office lease agreement. They will negotiate the detail of the lease documentation to minimize your exposure to potential liabilities, advise you on the implications of the detailed terms in the office lease documents and ensure that you are aware of your on-going responsibilities & obligations.
Advice on Office Leases
- If in doubt seek legal advice.
- Never sign anything that you do not understand.
- Always seek legal advice before putting pen to paper to any office lease agreement.
You and your business need to be 100% satisfied that everything has been done to protect your company's commercial interests before signing your office lease. You can be if you hire a Commercial Real Estate Lawyer.
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