Tower Realty Consultants

Site Selection | Building Selection| Value Engineering | Lease Negotiation

Lease Negotiation

1. Understand and review each of the many factors involved in a lease.
1. How is the size of the space measured?
2. What incentives will the building owner provide to us as the client?
3. Who will perform the construction?
4. What is the value of the TI?
5. Can we perform this work ourselves or does the building owner need to?
6. Who performs future work?
7. What are the allowances?
8. In what way will we be restricted in making material selections?
9. Who will do the design and construction drawings?
10. Who will be responsible for permits?
11. What is the minimum lease duration?
12. How are termination clauses handled?
13. What about allowances if we renew the lease?
14. What triggers default?
15. Whose insurance covers what?
16. Who and how will the building and site be maintained?
17. Establish a right to review and challenge the CAM costs.
18. Create a cap on CAM and taxes.
19. How is CAM determined? Exclude future capital improvements

These are just a few examples of review points, there are hundreds more that can be considered when creating a lease.  Tower Realty Consultants knows and understands the secrets of landlords, because we are one!