Success Stories

In a lease renewal, you can change a lot more than the standard options of extending your term and reducing your rent.

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.

NORWALK, CT – Adam Cognetta, vice president of Choyce Peterson, Inc. (www.choycepeterson.com), a full service commercial real estate brokerage and consulting firm with a specialty in representing both office and healthcare tenants, recently served on the Executive Committee for the American Cancer Society’s Comedy Against Cancer event in Stamford, CT, which raised net donations of more than $350,000.