Leases are often this long due to buildout costs and the costs associated with tenants moving in. They need to be this long for the landlord to make money. However, you don’t need to sign one that you feel is too long. There are ways to negotiate and take a year or two off your lease. Just be prepared to lose other terms you want. But don’t feel like you have to immediately settle for something that seems way too long for your company. The other point of this is that the longer the lease, the more concessions, and the more benefits you get from it. Because landlords want and will ask for leases that run five years and over to make the most money on their investment, you can ask for certain items and terms in return for signing.
TENANT BENEFITS
• Free rent to start • More budget for your tenant improvements • Yearly or scheduled “fit-ups” with a budget to make any needed improvements for your space throughout the entire portion of the lease A long lease without any of these added benefits is a big red flag. It may signal the landlord is not the best one to work with. It could also mean they don’t have the money to handle their space the right way. Long-term leases are normal, just under the right circumstances and with the right benefits.
A LEASE WITH LONG-TERM RENE G-TERM RENEWAL
Renewal clauses are totally different in this aspect than signing the original lease. They really shouldn’t be more than three years
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