would be set up and how the server room would work there. You may have to put in extra money to improve those. Plan this with your IT person, who should visit the new office a few times before and after the lease is signed. They will help you estimate the costs for your budget plan. You don’t want to be hit with a couple of thousand dollar charges by needing to redo the wiring in the wall or floor when you move into your new building.
INSURANCE NEEDS CE NEEDS
Does your current insurance policy meet all the needs and requirements of your future office space? Do you need more coverage than you already have? You may have to pay more. You may need to get certain insurance to protect yourself from any damages for your own items. But the building may not be covered in your lease. It is something to take note of in negotiations and while comparing it with other properties.
RENT ESCALATIONS
You’ll be aware of this once you start communicating with a landlord whose property you are interested in, but it’s often not thought of until then. There’s usually a rise in monthly rent after the first base year. You may want to negotiate the escalations for each year. This is another variable that you should get a feel for in your current local market. After sending your first request for proposal you’ll know your top property options’ escalation clauses. They should reflect the overall market and encourage the tenant to release.
PREPARING FOR THESE
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