3 Ways To Save Time And Money When Negotiating Your Overland Park Office Space Lease
A big difference between the world of commercial real estate and residential real estate is the negotiations you can use for incentives and price allowances in commercial leases. Here are a few ways to save time and money through negotiation, as outlined in “Tenant Leases: Save Time & Money In The Leasing Process”:
#1 Have the perfect team.
It is important when negotiating for a lease to understand the space you are looking at. This could mean opening your doors to new people and consultants, like engineers, lawyers, and contractors, to help you with the process. Having these third party professionals on your side will make a huge difference when striking a deal with the landlord.
#2 Be engaged in the process.
As much as a team will help in the process of making sure you are getting just what you want, you can’t leave it up to them to make the final decisions. Be engaged in the negotiation process, make sure your voice is heard, and don’t settle until what you want is achievable. After all, this is your business and you want to be comfortable in the space you are renting.
#3 Understand the issues.
A division of labor will help you make the transaction for your business smooth and easy. Keep an eye on everything that is happening in the lease agreement and take notes on anything that may cause issues with daily operations.
Understanding the ways of negotiation in real estate can help your business find the best possible deal!