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The following describes lease types widely used in office real estate and should be studied by companies looking to renew or relocate.

Tenants looking for office space will often consider a sublease rather than a direct deal with the landlord. Subleases can be very favorable for tenants, as they often include furniture, and even phone systems, plus rental rates lower than a standard lease. However, tenants often make a mistake by dismissing subleasing opportunities when the term is too short. We encourage our clients to think “outside the box” and consider two methods for augmenting the term:

The ability to negotiate with a landlord and substantially discount their asking rent depends on a few key factors. Take away from this blog series what is applicable to you and your company in terms of space and other considerations. Our intention is to provide know-how and strategies to implement when making decisions and negotiating your transaction.

Relocation to another building is one thing, but what about relocation in the same building – when the landlord asserts a unilateral right to relocate you. It happens! Landlords use this process when they need to accommodate a large tenant.

In the large majority of cases, when a tenant pays a flat charge per square foot for “tenant electric,” it serves as a profit center for the landlord. In the Fairfield & Westchester county region, landlords charge from $2.75 to $3.00 per square foot per annum in addition to the base rent. For tenants with 4,000 square feet or more, we strongly recommend installing an electric meter on the premises, as it measures actual consumption, typically from $0.75 to $1.25 per square foot. The cost to install a meter, about $4,000 to $5,000, can often be negotiated as part of the tenant improvement allowance provided by a landlord.

In the realm of commercial real estate, the relationship between landlords and tenants is a delicate dance of contractual obligations and financial responsibilities. One of the pivotal aspects that shapes this partnership is the security deposit. Security deposits are not just a formality; they are a safeguard for landlords who invest substantial resources in attracting and accommodating new tenants. In this comprehensive blog post, we will delve into the intricate world of security deposits on commercial tenant leases, shedding light on why they exist, how they vary, and their role in securing the interests of both landlords and tenants.

In the realm of commercial real estate, the relationship between landlords and tenants is a delicate dance of contractual obligations and financial responsibilities. One of the pivotal aspects that shapes this partnership is the security deposit. Security deposits are not just a formality; they are a safeguard for landlords who invest substantial resources in attracting and accommodating new tenants. In this comprehensive blog post, we will delve into the intricate world of security deposits on commercial tenant leases, shedding light on why they exist, how they vary, and their role in securing the interests of both landlords and tenants.

Operating expense clauses in commercial leases may be categorized into two distinct groups. The first type, Triple Net leases, obligate the tenant to pay for some operating expenses directly, such as cleaning, utilities and HVAC maintenance, and others based on the percentage of the building leased. These include common expenses such as snow plowing, landscaping, roof repair and plumbing.

It’s the most common mistake made by commercial tenants: they miss a huge opportunity, and lose truckloads of money, by negotiating their own lease renewal. While more than 90 percent of companies looking for 5,000 square feet or more rely on the expertise of a real estate professional to find and negotiate a new space, these same companies abandon this tried-and-true approach when renewing.