Commercial Lease Renewal Tips

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Commercial Lease Renewal Tips

Five (5) quick tips to remember when renewing your office or industrial lease

• Get your broker to provide you a market analysis of comparable rates and then
negotiate your renewal rate…intelligently.

• If you have a Gross Lease, request to move your Base Year/Expense Stop to
current in order to avoid excessive pass thrus of expense overages.

• Try to get a cap on controllable Landlord expenses of say 5% to 10% per year
max.

• Be sure you have a First Right of Refusal on any adjacent space to allow for
expansion.

• If your space needs any updating to meet code or just cosmetic upgrades, now is
the time to negotiate that into the renewal at the Landlord’s expense.

If you want professional assistance with your lease or if you need office and/or
warehouse space, please call 281-236-9553.

Eric Hughes
10-29-2009

Eric Hughes - Office and Industrial Broker

Source: http://www.warehousefinder.net/articles.html

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