CHAPTER 22 Don’t Overlook These Aspects look These Aspects of Your Property and Lease operty and Lease
After you have your lease just about signed, there are still a few things to keep in mind when you sign it, before starting your design process. There are factors that you need to recognize that will affect how your office space gets built and what resources get put into it. After agreeing on the basic terms there are still a few last minute details. These are some of the last things to watch out for when going over your final lease and preparing for your space to be built out. These are terms that I may have talked about a few times already, but they are worth noting again, especially from a different perspective, once you’re ready to sign a lease.
TENANT IMPROVEMENT ALL VEMENT ALLOWANCE
This is something I’ve touched upon a few times throughout this book. However, when it gets closer and closer to starting the buildout process, you need to focus on this more and how it relates to your initial construction bids. This is one of the most important aspects of this process once you’ve found the space for your company. You really don’t want to start a buildout that outprices your improvement allowance. Imagine investing permanent money into something you don’t own. That’s what it would be. Like I said in the last chapter, make sure that your tenant improvement budget is based on early cost estimates. That tenant 137
Powered by FlippingBook