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NEED TO REVIEW A COMMERCIAL REAL ESTATE LEASE? HERE ARE 15 TIPS FOR PROSPECTIVE COMMERCIAL REAL ESTATE TENANTS. TIP #2. THE PREMISES. TIP #3: USE OF THE PREMISES. USE RESTRICTIONS. TIP #4: EXIT STRATEGIES. TIP #5: EXPANSION SPACE. TIP #7: COMMON AREAS. TIP #8: TERM OF THE LEASE. TIP #9: RENT.
Rent Review. Landlords need to ensure their property remains profitable, and. Typical Clauses to Look Out For in a Commercial Lease. Agreement. Commercial Lease Break Clauses. Make sure you know whether there is a break clause in the. Your Obligations.
Choose the right location. Allow for plenty of time. Dress professionally. Bring all the paperwork. Go over the lease together. Take the time to listen. Take notes for later.
Net lease The tenant pays all or part of taxes, insurance, or maintenance costs that would otherwise be incurred by the landlord in addition to the stated rent. Double net lease The tenant pays taxes, insurance, and rent. Triple net lease The tenant pays taxes, insurance, maintenance, and rent.
Depending on how granular you want to get into the details, an office lease can take anywhere from one day to a year or more to negotiate. Most commonly it will be in the three to nine month range. Below are some of the factors that can play a role in how long it takes to negotiate a lease.
Evaluate the Length of the Lease. Research Comparable Rents. Look for Hidden Costs. Ask for Favorable Clauses. Check the Termination Clause Closely.
Find leverage. Regardless of whether it's a landlord's market or a tenants' market, something can always be used for leverage. Don't think rates. Think term. It's never true that a tenant gets anything free. Arrange for a solid legal review. Negotiate protections for an exit.
Start a written record. The problems with my landlord started almost immediately after I moved in. Check your lease agreement. If your landlord agreed to something in your lease, he has to follow it. Send written requests. Decide if you have a case. Seek legal assistance. File a civil lawsuit. Fight discrimination.
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