Kristine A Greenwood
There are lots of conditions which office space tenants think about in the course of the office space lease negotiation stage .
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Purchasing a commercial space to support a growing business can be a smart decision, but first examine the company's future and the alternatives.
10 suggestions to help you become more lease-savvy and negotiate a favorable office lease for your startup company.
This articles outlines the main considerations for startup companies when negotiating and signing a lease for commercial office space.
When you lease commercial office space, the process included negotiating with the property owner to establish what will be contained in your lease. Having a basic knowledge of the pitfalls to avoid and the opportunities to save money will make the task much less arduous for you and your tenant representative.
Similar to commercial real estate purchases, commercial leases are legally binding contracts with many parts. The length of lease can range from 7-8 pages, to as long as 40 pages, depending on who writes it. I don’t know about you, but that is a lot of legal mumbo-jumbo to decipher for any business owner. Not to mention, the variety of confusing clauses based on the specific property type.
While the process of negotiating a commercial lease can be stressful for most business owners or decision makers, keeping these five factors in mind can help entrepreneurs avoid some of the most common mistakes:
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