Negotiating a lease is not as easy as you may think. One key aspect to realize, as you get ready to start your new lease is that both sides have something to gain or lose. The owner of the property will make sure to make as much profit on the deal as possible. On the flip side, the tenant wants to be able to get as many concessions as possible while not giving too much exposure to their business from an economic standpoint. As part of this process it is always good for both sides to consider several different aspects of lease negotiation that should be in place to protect both parties.
From Tenant perspectives:
We always suggest that a potential tenant request and review the standard form lease before ever moving forward on a transaction. Standard leases can get tenants into a lot of short and long term issues if they have not spent time reviewing the basics expectations from the owner. From here, you can begin your lease negotiation with the understanding of the standard lease form.
Other Tenant lease negotiation tips/questions:
- If you have not incorporated your business yet, what ramifications can this have on a possible lease negotiation.
- If you are getting to lease a newly constructed building what is a dollar stop lease?
- What are the effects of a partnership when it comes to a lease? Who is responsible for what?
- Realize that everyone involved within the transaction is going to get paid one way or the other.
- Are your utilities included in your lease?
- Be aware of maintenance or any fees that may be associated with them.
Our agents have worked hundreds of lease negotiations over the past several years and we know how to best represent your interests. Our comprehensive onboarding process makes sure that we know what you expect and that we deliver.