from month to month, budgeting is tougher to forecast. It isn’t the worst thing in the world to be in this type of lease, but you need to be careful about it. The positive of triple net leases is being able to see all your monthly costs upfront. In other situations, you may have a higher rent to avoid the costs or pay a portion of the costs. In no way am I saying to avoid these types of leases altogether, just be careful and make sure it can be a deal that works out for your company.
PAYING BEFORE YOUR MOVE-IN DATE
You don’t want to start paying for your space before the day that you are able to move into it. If you need tenant improvements, you should have a deal set up that delays the start of your payments. I see tenants do this all the time, even for just a couple of weeks, when they could’ve negotiated that rent to be comped. The landlord may want something on the backend for a return, but it is usually more than reasonable. Make sure that your communication with them on your construction dates and then move-in dates is fluid. It’s a pure waste of money to have to pay for space before it is ready for you. Often, it is in the tenant improvement budget plan that you won’t pay until you move in. If it is not, that is a problem.
VAGUE FEES IN YOUR LEASE, MOST LIKELY COMMON AREA FEES N AREA FEES
You have the right to know where every piece of your money is going. If your landlord isn’t laying out exactly where your CAM fees are going, get them to put it in writing in the lease.
Also, you should never have to pay occasional or unanticipated
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