Will Dixon, REALTOR® - THE OFFICE AROUND THE CORNER: A LEASING GUIDE

Even if you are the fourth tenant down the list to get these options, there’s a great chance you’ll still have the choice. This is another reason that established property ownership groups and landlords with a lot of space provide much more flexibility.

ALL OF THIS IS A VITAL PART OF YOUR NEGOTIATION

Your landlord is going to battle for the most control possible. It’s their asset and they would take 100% control of each variable if possible. This is why it is important to start your search process early enough to have multiple realistic options. The amount of flexibility you will get will depend on that, on market conditions, and on you and your broker’s negotiations expertise, against the tenant and their real estate representative. At times, there are costs when adding more flexibility into a lease. However, it can be important and worth those costs. Think of it as an insurance policy. Each cost is associated with an exchange for a type of security, in this case your flexibility. If your industry and business are subject to rapid changes (which most are), I advise placing a premium on obtaining as much flexibility as possible in your long-term commitment. It is often more than worth it and shouldn’t be pushed aside come negotiating time.

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