Thinking about renewing your office space lease? Do a little research before entering negotiations so that you are equipped with as much information as possible about the market and lease renewals. Check out these few tips for entering lease renewal negotiations, as suggested in the article, Eight Tips for Negotiating an Office Lease Renewal:
#3 Find Examples
Try to find samples of actual lease renewal and extension agreements. These resources are available, and it is a simple way to get an idea of what kind of terms and provisions you will want to include in your new lease agreement. If you are being represented by a broker, make sure that they are doing this for you.
#4 Research the Market
Not only should you be aware of current market rental rates, but you should also familiarize yourself with potential perks for tenants. Some of these include rent breaks, improvements, and clauses that are favorable to your business. Being aware of these options will give you more knowledge to take into renewal negotiations.
Take some time to plan out your negotiations for a lease renewal to ensure that you get the best possible deal!