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Absolutely Everything About Office Leasing

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Introduction

Overview Page 2

Office Leasing Process

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HIRING THE PROFESSIONALS

Tenant Rep Agency

"Broker Inundation"

Architect

Attorney

AGENCY LAW

TIME SPAN

12 Month Outline

LEASING MISTAKES

More Common Mistakes

NEEDS ASSESSMENT

MY PRESENT SPACE

Renew and Improve

LEASING RESOURCES

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Computers & Equipment

Design

Moving

Temp & Exec Suites

Truck Rental

Periodicals

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Insurance

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Interior Contrators

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MY EMPLOYEES

Mapping

Relocation Stress

Temporary Employees

Executive Search

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REAL ESTATE MARKET

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The Tour

Market Data

Existing Tenants

BUILDING INFORMATION

Technical Data

Operating Expenses

Tenant Improvements

Space Measurement

NEGOTIATIONS

Getting to Yes

"Tail Light" Negotiations

ARCHITECTURAL

More Architectural

Allowance & Configuration

Dimensions

Ratios & Load Factors

FINANCIAL ANALYSIS

GOVERNMENTAL ISSUES

THE LEASE

Other Lease Elements

Lease Item Examples

Expansion

Right of First Refusal

Right of First Offer

Contraction

Rent Adjustments

Subleasing

INTERIORS CONSTRUCTION

COST DEVELOPMENT

VALUE ENGINEERING

CONSTRUCTION TIMING

OCCUPANCY ISSUES

Heat and AC

Janitorial

Trash & Waste Removal

Landscape Service

Dispute with Landlord

POST LEASE

Lease Synopsis

Critical Dates

Postpartum Issues

Lease Monitoring

Construction Audit

Operating Expense Audit

DISASTER PLANNING

Glossary of Terms

 
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My Employees


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The office leasing process brings many unsettling feelings and undeclared ideas among many staff and executives. The work load of the effort in relocating, insecurity or even fear make employment issues a priority to address throughout the process.

 

Relocations occasionally make the drive-time for some employees a sure thing that they will be leaving the company. Employers need to be very sensitivity that the fear of change is real in the minds of some. Frequent, honest communications is best.

 

Ordinarily, no one really knows where a company will move until a lease is finally signed. The nature of negotiations is confidentiality and in negotiations we frequently must play one building off another. In this way, not even the company owner can provide signals until the ink is on the lease and the announcement is made.

 

Your team needs to include a platform of “communications” to manage the internal conversation with employees, other companies in the family and to the street. Once the real estate market understands you are on the market, you will receive calls from every possible vendor – from moving companies to office supplies. Lead clubs exchange company lead information at laser-speed with the internet. Your competitors will know even before you have started your needs assessment. Employees will be solicited by headhunters. Just about every weird thing you can imagine can happen. Not communicating thoroughly is not the right idea.

 

Establish a policy of what can and should be said; what should not be said, and what can not be said. Set up a procedure for inbound calls for vendors to go to one person, and the press to the company head. Do tell employees you may not be able to answer some questions because they are unknowable, and others may be private, but that they will always be communicated with to alleviate any worry or stress.



LOOSE LIPS SINK SHIPS

Advise your employees that indiscriminate discussion may be inadvertently overheard by others and may harm your plans or control of information. Do not discuss matters openly, in public - for example, on the elevator. Others present may have an interest in advising your landlord. Regretfully today's elevators also have open microphones monitored by security and property management - sad, but true. Casual conversation outside your team could ruin your plan - for example - to pretend to be looking elsewhere only to improve your terms at your present location. A slipped tongue will kill any chance at success. Just don't do it and make it policy.

Publicly-traded companies also have strict policy about what can be said and by whom. One sister company owned by the parent could actually affect the stock price of the parent and send shivers among union members and even clients. Again, just don't talk unless it is within your secured team. And make sure your employees understand this policy.



Nothing contained herein is to be considered legal advice. Always seek legal advice when evaluating any legal document

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