Top 10 Tips for Commercial Lease Negotiations

Looking for commercial space? To set yourself up for success at the negotiating table, follow these tips: 1. Prioritize  It's unlikely that you'll get everything that you want from a negotiation, so it's important to know what's most important going in. Determine which demands are deal-breakers, highly desired and would-be-nice-to-have in order to help you stay focused. 2. Knowledge is Key Having in-depth knowledge of current market conditions is essential to a successful negotiation. When you can back up your requests with data to show that what you're asking for is “market”, you're more likely to win the landlord over.…
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Your Building’s Been Sold. Now What?

If you occupy a building that’s been sold, be aware of the following changes. When your building sells to a new owner, an immediate change that can happen is that you will have a new property manager. If this happens you'll be notified of the change of address under the notices provision of your lease. All rent payments and correspondence will need to go to the new landlord or landlord agent. However, your lease terms do not change under new ownership. Your lease is a legally binding document until it expires. Before the sale finalizes you will be asked by…
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