NEWS
Lease Renegotiation:
A tenant/landlord win win scenario
The advantages to lease renegotiation are a balance between both the tenant and the landlord. In today’s economic state, it is critical for both landlord and tenant to capitalize on any potential cost savings opportunities.
For the landlord, empty office space is a major loss on the balance sheet. This gives negotiating power to the tenant, raising the potential of a better deal in a down market. However, should the landlord not meet proposed pricing terms, the costs associated with relocation can quickly mount for the tenant. Striking equal ground on negotiation terms is clearly a win-win situation for both parties.
Representation:
Who should represent my needs as a tenant?
An experienced tenant representative is your best bet when it comes to renegotiating your commercial lease. They will review your current lease, including terms and conditions, appraise your site and space to see if it meets your long-term business goals, establish your negotiation goals, determine what “leverage” you and your landlord may hold, and create a renegotiation strategy. Only then can the sit-down with the landlord begin.
Call Rakow Group today to discuss your current lease situation. Whether you are looking to relocate or renew an existing lease, we will work with you and your landlord to develop a mutually beneficial agreement. >> more about tenant representation
Relocation resources
We know that the relocation process can be a stressful one. With a view to making some of your challenges a bit less complicated, we are happy to offer referrals in some key categories. This list is by no means all inclusive, but represents the names of contacts and companies with whom our tenants have had satisfactory relationships throughout the years.
From promotional and marketing support to office equipment and supplies, our list of resources is a great start from which to begin your vendor search.
We receive no compensation from these referrals and offer them simply as suggested resources. It is always recommended to speak to a few vendors before making a final decision. >> more about relocation resources
