Insider tips on Negotiating a Commercial Lease.

About this episode

This episode provides five insider tips for negotiating a commercial lease effectively.

Five insider tips to negotiate a commercial lease. Number one understand the needs of the owner. Many times perspective tenants don't understand that the value of the lease directly impacts the value of the building. Number two the length of the lease is critical to the owner, and longer is better. This gives you the ability to negotiate in the earlier phases of the lease which leads to number three annual increases in rent. You can use the lease duration to increase later and take your breaks earlier on. Step 4 build out and repairs are generally not something an owner wants to take on so plan to complete these repairs on your own. Repairs specific to your business would not create a negotiation point however repairs generally improving the property could be another source of negotiating with the property owner. Number five repairs during the lease should be expected to be the responsibility of the tenant especially when they are smaller. Owners would likely be expected to pay large repairs. Make sure this is spelled out in your lease terms. Pay attention to your ability to bring traffic that could positively impact your neighbors. be proactive in offering to cross-promote other…

People in this episode

Host: Bobby Jankovic

Topics covered

• commercial lease negotiation
• real estate
• tenant rights
• lease terms
• property management

Keywords

• commercial lease
• negotiation tips
• tenant responsibilities
• lease duration
• property repairs

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