Negotiations
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
Parking