How well does your lease protect you?

The selection and acquisition of facility for a company’s business is one of its most important decisions it will make, and it can mean the difference between profitability and failure. Commercial leases are made for the long-term, and the payments made under a lease often represent a significant portion of the business’ expenses.  The total financial burden of rent, costs of tenant improvements and other lease charges can significantly impact the overall success or failure of a business. 

The focus of lease negotiations by a tenant is often limited to rent, concessions and other economic considerations. As a result, many important issues are often overlooked, misunderstood or under-negotiated (even by sophisticated tenants) that could materially affect the long-term success of the deal and the company.  Negotiating the best possible deal is done throughout the entire leasing process, from the initial decision to move forward through lease execution.  To reach the best deal, and to prevent costly disputes or unforeseen expense, it is crucial to negotiate a favorable and highly detailed agreement. 

This really speaks to the heart of a serious problem.  On-the-job training has traditionally been the primary path to knowledge by brokers when it comes to leasing, and as a result, you could spend years of expensive trial and error and still never attain competency.  Did your tenant rep professional help protect you throughout the lease negotiation process, or were your left to fend for yourself once the base rental amount was agreed upon?  Was your broker willing to fight for you when negotiating lease provisions with the landlord?  Did your broker bring years of legal training and lease negotiation experience on behalf ot the tenant to your transaction, and take ownership of the terms and conditions of the lease agreement? 

How well does your lease protect you?  Are you confident that you’ve negotiated a favorable lease?  Let us protect your company from unpleasant problems, it’s not just about rent when it comes to negotiating a good lease deal.  You can better serve your company’s interests by mitigating the risks concerning your corporate occupancy, to negotiate the best possible deal in the marketplace.  We’d be happy to show you why we’re Studley!