OfficeTenant.com

Absolutely Everything About Office Leasing

OfficeTenant.com

Introduction

Overview Page 2

Office Leasing Process

OfficeTenant Articles

Tenant Rep News

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

Business Furniture

Computers & Equipment

Design

Moving

Temp & Exec Suites

Truck Rental

Periodicals

Corporate Art

Plants

Insurance

Marketing

Website Service

Interior Contrators

Data & Technology

Office Supplies

Stationary & Printing

Voice & Telephony

MY EMPLOYEES

Mapping

Relocation Stress

Temporary Employees

Executive Search

Relo Service

REAL ESTATE MARKET

Inventory of Office Space

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

 
OfficeTenant.com
The Lease


The lease document so frequently is perceived as the behemoth, insensitive beast that after being signed gets sent to lease heaven hopefully never to be seen again. Lawyers parse words and froth over nuance wording as if to protect against the most catastrophic circumstances. Owners repulse at the very thought of their precious language (that they paid thousands of dollars to prepare) being picked apart. In fact, most landlords using either basic leases with skeletal information or leases containing 40 pages of terms and 11 pages of riders which can be used as doorstops, frequently indicate that there can be no changes. The poor tenant sits on the side lines, waving as if to say "remember me, I'm paying the bill!" The reality is, not only can you modify nearly every term in the lease, but if you really want, like some large national tenants do, you can provide your own lease. The lease should not be viewed as the anti-Christ at all. On the contrary, a good, ugly, carefully put together lease will save you years of problems, disputes, court appearances and money. While a sale contract is designed to govern the activities of the parties prior to and up to a closing, a lease governs the activities of the parties for years and decades. Drafted badly or even slightly wrong, and many are, it can be indentured servitude. The key to making the lease work well is to make it come alive with provisions which work well in a multitude of circumstances, which fairly well address most difficulties that may arise over its life; and to make it readable and well understood. The problem with many leases is that there has been little working knowledge of the hand-in-hand relationship between ownership and management, management and leasing, services and tenant's needs. The lease just becomes flat words crammed into little paragraphs no one really cares ever to read unless they're preparing a law suit.

 


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

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