Critical Terms For Your Small Office Lease in Kansas City: Part II

If you are a small business owner looking to negotiate an office rental space for the first time, there are some key terms that are typically included in a lease that you should be familiar with as you begin the process.  Here are a few more critical terms you can expect to come across:

  • Security Deposit – and the conditions for the return of this payment.
  • Improvements – know whether there will be fixtures added to the space, or any modifications or improvements (these are called build outs when a landlord is finishing a new space to a tenant’s specifications).  Clarify who will pay for these, and who owns them after the lease term is over (typically, the landlord will own them).
  • Maintenance and Repair – whether it is your responsibility or your landlord’s to maintain and repair the space, including heating and air conditioning systems.
  • Subleasing – whether you can sublease or assign your space to another tenant.
  • Renewal and Expansion – whether there is an option to renew your lease for another term or expand into surrounding spaces.
  • Termination – determines if and how the lease may be ended; this clause includes any agreements on penalties for termination, notice requirements, and any alternatives to taking a dispute to court.

Doing some homework before you start looking for a space can help you become a savvier lease negotiator!

If you are interested in office suites for rent in Kansas City, give us a call at 913-685-4100 to find out about our affordable office space in Kansas City.

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