REoptimizer^® Blog

Guest blog by Gladis Gomez. Gladis holds a B.A. in Creative Writing with an 

If your space is working well for your company, renewing your lease often makes sense by sparing you the time and financial costs of a move. To ensure that you get the best possible deal during your commercial lease renewal, follow these tips:

Wading through a commercial lease document can be a daunting task, but skimming one given to you by a prospective landlord just isn't an option. In commercial real estate, the initial lease agreement should be viewed as a rough draft. The landlord will likely present you with a document that heavily favors them, but through negotiation, you can have language adjusted and clauses added to protect your interests. Here are some clauses that you'll want to ensure your lease contains before you sign:

Reading through a commercial lease agreement is a tedious task, but simply skimming the text could have consequences for your company in the future. That's why it's important that you look beyond the financial aspects of the lease and consider the legal ramifications of the language it does and does not contain. Here are six things that should raise red flags as you review the document:

If your commercial lease is coming to an end in the near future, it's vital that you begin to consider what course your business will take. Like initial leases, commercial lease renewals are complex and must be approached carefully. To assume the best outcome for your company, avoid making these all too common mistakes.

An office lease is a long-term commitment. The initial term can easily last from five to ten years, but that's just the beginning. Since spaces are expensive to configure, moving addresses is a challenging process that involves additional cost and complexity, and the future is unclear, it's usually in your best interest to choose a space that you CAN stay in well beyond your lease's expiration date, even if you decide to leave. With this in mind, it's really important to get the right space on the right terms. Here are six ways that you can avoid signing the wrong office lease.