15 Most Read Posts on the Mechanics of an Office Lease

by CoyDavidson on January 3, 2014

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The following posts from the The Tenant Advisor that discuss the ins-and-outs of leasing office space have proven to be among the most viewed and searched content on this site.

Office Space, If You Only Do Three Things
Every office tenant wants the highest quality office space available that fits within their budget. In other words, they want the best value that fits within their total overhead cost structure. The ability to achieve this objective requires an understanding of what drives costs and how to manage them … read the full article

5 Reasons Your Landlord Doesn’t Think You Are Serious About Moving
The reality is in most scenarios, Landlords feel they have a competitive advantage in renewing an existing tenant versus the Landlord that is trying to entice a tenant to relocate. This perception is to some degree accurate as tenants typically need some compelling reason to move … read the full article

How to Structure a More Flexible Office Lease
Lease agreements are typically fairly long-term contract arrangements, often 3-15 years. Predicting longer term business cycles beyond 2-3 years makes planning future space requirements for office tenants a difficult proposition … read the full article

Financial Analysis for Office Lease Transactions
The decision to renew a lease or relocate your office facilities requires thorough financial analysis of the anticipated lease costs within the marketplace. This requires the technical ability to analyze the cost associated with various facility decisions … read the full article

Financial Analysis as a Negotiation Tool
Effective negotiations for an office lease require a thorough understanding of the underlying economics of the transaction. Great deals are not only found, but also negotiated … read the full article

Negotiating the Tenant Improvement Allowance
A key component of any lease negotiation is the tenant improvement allowance provided by the landlord to build-out or retrofit an office space for the tenant’s specific use. The amount of the tenant improvement allowance, as well as the length of the lease term have a significant impact on the negotiated rental rate … read the full article

Negotiating the Renewal Option
Most commercial office leases are long-term in nature, typically 5, 7 or 10 years in length, but also typically contain provisions for extending the lease beyond the initial term. A renewal clause in a real estate lease allows a tenant to decide whether or not to extend the lease once the initial lease term expires. The key concept to remember is that the renewal option is a benefit to the Tenant … read the full article

Rent is More than just Rent
Lease Agreements for a typical office building are complex contracts and most commercial leases provide a mechanism for common area maintenance and other building operating expenses (such as janitorial services, taxes and insurance) to be passed on to the tenant… read the full article

The Importance of Assignment and Subletting Clauses in Commercial Leases
Occasionally, a tenant needs to prematurely vacate their leased premises. When negotiating your lease it may not seem to be a clause of primary importance. However, we don’t always foresee challenging economic times … read the full article

Don’t Overlook Parking When Negotiating Your Office Lease
Whenever a company is considering their office space options there is much consideration given to evaluating the building features and particular spaces but don’t neglect a thorough evaluation of the parking facilities … read the full article

SNDA’s in Commercial Leases
When negotiating commercial leases it is important for the Tenant to obtain a Subordination and Non-Disturbance Agreement, often referred to as the “SNDA” especially in today’s economic environment where foreclosure activity has significantly increased … read the full article

Taking into Account the Unexpected when Negotiating your Commercial Lease
Natural disasters such as Hurricanes and floods that have damaged many buildings in the Houston area can interrupt operations at hundreds of businesses. But even, inoperable or faulty building equipment, a sudden freeze that causes pipes to burst or a summer thunderstorm that cuts electrical power can bring a business to a halt … read the full article

Relocation Provisions in Office Leases
Commercial leases typically contain a provision allowing the Landlord to move tenants from one location within a project to another to accommodate a larger tenant should contiguous space become available during the lease term … read the full article

Understanding the Common Area Factor: Rentable vs Useable Square Feet 
Few commercial real estate concepts are as misunderstood by tenants and even real estate professionals, as the measurement of office space square footage for rent purposes. The formula to determine the amount of rent in most office leases incorporates both the usable square footage, plus the tenant’s proportionate share of common areas in the building … read the full article

Got Signage
A few days ago I got a phone call from someone, a medical doctor, that I didn’t previously know. He had a question for me as he wanted to know how a Landlord decides what tenants get their name on the monument sign outside and office building. So what kind of signage / identity options might building owners grant to a tenant of a multi-tenant office building? … Read the full article

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