Tenant Realty Advisors will provide your company with a detailed understanding of the key elements to be addressed when negotiating a lease agreement and letter of intent. These include, but are not limited to, the following. Once each of these details is addressed, we can negotiate a lease or purchase from a position of competitive strength.

Lease Economics

  • Base rate
  • Escalation of the lease rate
  • Future effect of building operating expenses

Lease Term/Length

  • Options
  • Expansion opportunities
  • Renewal opportunities
  • Downsizing

Measurement of Space / Utility

  • Usable vs. rentable space
  • Floor plan design

Expense Inclusions/Exclusions

  • Base year
  • Building assessment for tax purposes
  • Tenant occupancy percentage
  • List of excluded items

Lease and Rent Commencement Dates.  

Tenant Work Letter / Tenant Improvement Allowance

Alteration of Tenant Improvements during lease term

  • Landlord recapture
  • Future alterations
  • Approval of contractors

Subleasing and Assignment