Office Space for Lease in Kansas City: Should I Stay or Should I Go?

Southcreek Office Park Building III Office Space Overland ParkIt’s one of the biggest decisions business owners have to make as their business grows: when is it time to move, versus when is it better to stay in a current space? Business owners make significant decisions for their business on a daily basis, but this particular decision can have huge financial ramifications, so it is important to consider it from all angles. Here are three factors to consider when thinking about whether to expand into a new office space or stay in your current lease, as described in the article “Ready to Expand”:

Cost of Commercial Real Estate in Kansas City 

Are you paying for extra space that your business does not need? Are you wanting to hire more employees, but unable to because you simply don’t have the space? Both of these are signs it might be time to downsize or upgrade. A move will be expensive in the short term, but if your business is wasting money on useless space or your growth is crippled, you need to start thinking about other options.

Another cost to consider is the cost of the move itself. You will need to hire a moving company, possibly rent or buy new furniture and equipment, and deal with downtime when your employees will be unable to utilize office space. Do some research and try to get an estimate of how much it will cost your company in total to move. Then consider a) whether your company can afford that cost at this time and b) whether this short term expense is preferable to the long term expense of either overpaying or being unable to grow in your current space.

Logistics of Moving to a New Commercial Office Space for Rent in Overland Park, KS

The biggest thing to consider in all real estate is location, so before you make a move, compare the logistics of your current location to the logistics of a possible new place. Do you need to be by freeways or public transport? How far will you be moving away from or towards customers and clients if you move? Will your employees have access to parking and local amenities? If you have the option of moving into a location that will be better for employees and better for access to clients or customers, that might be worth the financial risk.

Infrastructure of an Office Space for Lease in Kansas City

Consider the infrastructure of your building versus a building you might move into. Typically when you move, it should be an upgrade in infrastructure. If you move to a new building, you can potentially have better internet, more cost-efficient energy systems, and other benefits that might actually offset some of the cost of moving.

Getting answers to these questions can seem overwhelming, but it is necessary to gather this information to do a real comparison of the costs and benefits of your current space versus a new one. Create a spreadsheet to track all of these details, and work with a good broker who knows your location. Make sure you work with a broker who is paid by the tenant and not the landlord so that they have your best interests in mind. Once you have done some thorough research, you can make an informed decision about whether it is better to stay in your current space or take the risk of moving to a new one.

To learn more about our available spaces and commercial property management in Overland Park, KS, give one of our commercial real estate agents in Kansas City a call at 913-685-4100!

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Commercial Real Estate Kansas City: Analytical Leasing Dos and Don’ts

Now is a good time to look for commercial real estate in Kansas City for small businesses. Whether you are looking to upgrade, relocate, or simply expand, here are some Dos and Don’ts for how to approach this search for office space for rent in Kansas City from a careful, analytical perspective, as suggested in the article “How to Lease Commercial Real Estate: Part I”:

Don’ts 

As you’re looking for a lease and trying to save money for your business, there are some things you should avoid. Don’t…

  • Stop looking after you have found one good space. You should find at least two or three places that you could see yourself leasing. Having options will give you both negotiating leverage and a safety net in case your dream office falls through.
  • Sign anything until you fully know and understand every detail of your lease. Play close attention to things like maintenance and repair costs, as well as insurance and taxes. You do not want to find any costly surprises after you sign your lease.
  • Get attached to any one space before negotiations. It is tempting to stretch your budget to get your ideal space, but this could be an expensive sacrifice in the long run. Wait until after you’ve negotiated terms that your business can live with.

Do

Here are some things your business should keep in mind as you look for a space. Do…

  • Ask yourself whether your customers and clients will love this space. While you want a place that you and your employees will be comfortable in, ultimately this is about making a smart business decision with your customers/clients in mind.
  • Get a pro forma copy of the lease from the landlord ASAP. Because commercial leases are each so different, you want to see this sooner rather than later so you can start to get a picture of what you are dealing with.
  • Make a comparables analysis to compare the different potential spaces – you can do this electronically in a spreadsheet. Make sure you include the square footage, price per unit, expenses (such as CAM fees), lease term, and any other pros and cons that are important to you. This will help you make an objective decision if you reach a point where you are deciding between multiple properties.

Make sure as you are comparing sizes costs that you are comparing apples to apples (i.e. usable square footage vs. rentable square footage). This also might require a visit to the property to clarify.

When you are making this kind of decision for your business, you want to make it as fact-based as possible. Keep detailed notes on different properties and let your business sense rule your decision-making.

If you’re interested in office space for lease in Kansas City give one of our commercial real estate agents a call at 913-685-4100 to learn more about our commercial property management in Overland Park, KS.

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Office Space 101: Understanding Commercial Real Estate in Kansas City

Is your business new to the process of finding an office space for lease in Kansas City? This process can involve a lot of new real estate jargon and some major financial pitfalls for an unprepared lessee. But fear not, here are a few terms and tips to know as you look for commercial real estate, as suggested in the articles “What is the Difference between Usable vs. Rentable Square Feet?” and “You Don’t Need So Much Office Space”:

Commercial Real Estate in Kansas City Terminology

When you’re looking for an office space to rent, there are some basic terms you should be familiar with. Here are a few to add to your list:

  • Usable Square Footage – This is the specific part of the property your business will occupy. If you are renting a full floor, the usable square footage includes everything on that floor, except elevator shafts and stairwells, and would encompass things like janitorial closets, electrical rooms, common areas, hallways, etc. If you are only renting part of a floor, usable square footage is all office space, private restrooms, and storage. Be aware that this also factors in odd areas like columns or recessed entries.
  • Rentable Square Footage – When you are renting an office space, you will also have to pay for areas in the whole building that all tenants use, including lobbies, stairways, meeting spaces, corridors, etc. So rentable square footage includes both the usable square footage and a share of these common areas, generally pro-rated based on how much of the property a tenant occupies.
  • Common Area – This was touched on briefly in usable and rentable square footage,  but can be further broken down:
    • Building Common Area – places a tenant shares expenses for in the entire building space (typically a tenant’s share is 6-8%).
    • Floor Common Area – specific parts of a floor that are common to all tenants on that floor (typically a tenant’s share is about 8%).
  • Load Factor – This is what landlords use to calculate rentable square footage based on the amount of common area in a building. To calculate the load factor, landlords divide the total square footage of the building by the total usable square footage of the building.

These different terms and calculations are essential to understanding how much you will pay in a lease and how much space you will actually get for that rate, so go into tours of spaces ready to do a little math.

Looking for Deals in Commercial Real Estate Listings in Kansas City

Renting commercial real estate can be a huge expense for businesses, so getting a good deal on a space is always a priority. There are a few different ways to do this:

  • Find the lowest price per square foot. This is the most obvious way to get a good deal. Compare rates at different available spaces to see which is the best deal per square foot. Make sure you are aware of rates for both usable and rentable square footage so you are truly comparing apples to apples.
  • Find a smaller space. This does not necessarily mean sacrificing your goals for your space or downsizing. Finding a good deal is a hit or miss thing, but designing a small but efficient space is completely within your business’s control. Companies leasing more space than they need is a really common problem, so avoid this pitfall by taking the time to evaluate a space and think about ergonomics and subtle ways to make the space more efficient.
  • Find quality property. Another way to save money in the long run is to look for a high quality or new building. Because these kinds of buildings will require less maintenance and repairs, tenants can end up saving money in the long run.

Every business wants to find a good deal on their office space, but keep in mind that there are more ways to save than finding a good rental rate. Be creative with how you plan your office space, and start the researching and touring process well in advance of your move so that you have plenty of time to evaluate your options.

If your business interested in commercial space for rent in Overland Park, KS, give one of our commercial real estate agents in Kansas City a call at 913-685-4100 to learn more about our available spaces and even set up a tour!

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Moving to an Office Space for Lease in Kansas City: Planning Your Perfect Office Design

Moving to an Office Space for Lease in Kansas City: Planning Your Perfect Office Design

If your business is ready to find some new commercial real estate in Kansas City, one major aspect of the move to think about is the design of your space. Finding a new office space for lease in Kansas City is a great way to start fresh with a configuration and decor that will help improve the efficiency, comfort, and image of your office space. Here are a few steps to consider as you search for and plan a new office space, as suggested in the article “Aiming to Improve Your Office Space? Consider This Before a Move or Redesign.

#1 Determine Your Needs

Before you can really begin to plan a new office space, you need to come up with some concrete facts and figures regarding your business’s needs. The most basic aspect of this is determining how much square footage you need now and potentially in the future. Look at your current space to see how efficiently you are using the space and realistically how much more you might need – don’t forget to factor in projected growth as well. Also think about ways that your office design could be restructured to make better use of space, as this could be factored into your new plans as well.

Another thing to consider is the current aesthetics of your office, particularly the ways that your design or color scheme could be adjusted to better reflect your corporate culture, promote the comfort of your employees, and impress visiting clients.

#2 Tour New Office Spaces

Commercial office space for rent in Overland Park, KS, can range from move-in ready to completely empty spaces, so think about how much work you want to put into configuring your office space to help narrow down what kind of spaces you want to look at. If you want to be really involved in the design process, something that is more raw and has plenty of open office space might be a better fit for you, but if you are looking to get into a new space sooner rather than later, you might just focus on move-in ready listings.

Once you have a rough idea of how finished you want a space to be, consider the different ways you use your office space. Are cubicles, a few private offices, and a conference room enough for you, or will you need a more diverse range of amenities? Will you need a sizable reception and waiting room area? What about a kitchen, break area, or screening room? Try to make a ranked list of what is absolutely essential to your business and what you would ideally like to have to help you narrow down options even further.

#3 Put Yourself in Control of the Process

Finally, if you find an office space and decide to tailor it to your business’s needs, it is important to stay proactively involved in the whole process to make sure you achieve your intended outcome. The first thing you can do is start to assemble a team of people to help you, selecting the best construction and design professionals for your budget based on references, their past project work, and any other background information you can find. Here are a few roles you might consider filling:

  • Company Representative – Find someone from within your own office, possibly an office manager or even CEO, to act as a liaison between your business and any external construction or design services. This person does not have to be particularly well versed in technical construction concerns; they just need to be able to communicate your business’s interests, maintain regular contact with construction companies, and make decisions as needed.
  • Architect – It is a good idea to engage the services of an architect early on and ask them to join you on tours of potential spaces. This way they can have your needs in mind and give you a more accurate assessment of what you can accomplish with a space. Once you choose a space, they can draw up designs to pass a long to a contractor.
  • Small Project Manager – If you are only interested in a small buildout, you might be able to designate someone internally to manage the daily aspects of the project. However, if you are considering something larger, it might be better to go with an outside professional.
  • Contractor – A general contractor will be in charge of the actual construction project, including managing daily construction work and setting up the services of other vendors, such as plumbers, electricians, etc. The cost of these other vendors will be built into the agreed upon price for the contractor.

In addition to assembling an expert team, make sure you regularly check in to confirm that deadlines are being met and all projects are staying within your budget.

You do not have to be an expert to smoothly execute a buildout or renovation of a new space, just make sure you consult the right people, both internally and externally, to ensure that your business’s needs are being fulfilled and you are getting the best possible services for your budget!

If your business is interested in finding an available office space with commercial property management in Overland Park, KS, give one of our commercial real estate agents in Kansas City a call at 913-685-4100!

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Commercial Real Estate in Kansas City: 6 Leasing Tips to Protect Your Business

Commercial Real Estate in Kansas City: 6 Leasing Tips to Protect Your Business

If something happens that means you have to leave your office space for lease in Kansas City early – hopefully the fortunate case of your business outgrowing the space, but also the possibility that your business is no longer able to afford the space – it is in the best interest of both you and the landlord to have an exit strategy that protects everybody. When you are negotiating a lease, you have to take the time to work out what will happen if you need to leave, and make sure the terms are clearly spelled out in the lease – it is not pleasant to think about, but you need to do more than just sign a lease hoping for the best. Here are some tips for protecting yourself in the event that you need to terminate your lease, as described in the article “Getting Out of a Commercial Lease”:

  1. Set Income Projection Goals. One possibility that would protect you is to negotiate for the right to end your lease if your business is unable to reach reasonable income projection goals by a certain date, for example one year or six months into the lease. This way, if your business is in a position where it cannot afford the space anymore, you will be able to leave without incurring that financial burden.
  2. Option to Renew. Landlords always prefer tenants to sign longer leases, while new businesses generally favor shorter term leases. But there is a happy medium – try to negotiate for a short term lease (1-2 years) with options to renew, for example two options for 1-2 more years or one option for 3 years. This way you have the opportunity to reevaluate your business’s status frequently and decide if it is worth the risk to continue in the space. Usually landlords will want you to exercise this option by a certain deadline – for example, three months before the end of the lease, and possibly they will require a small increase in rent, which could be doable for your business if you are doing well enough to extend your lease of the space.
  3. Ask the Landlord to Terminate. If you are really in a difficult situation, you could try to simply ask the landlord to allow you to leave. There is definitely no guarantee that they will agree, but if the market is good and they can quickly find a new tenant – perhaps even at a higher rental rate – they might be willing to allow the termination of your lease.
  4. Break the Lease. If worst comes to worst, you could simply leave the space and accept the penalties. In all likelihood you as the guarantor will be on the line for rental payments for a period of time, but the law does require landlords to be reasonable in mitigating this penalty, and they must be actively searching for a new tenant to fill your space. Once they find a new tenant, you are no longer obligated to pay rent.
  5. Find a Replacement Tenant. Another way to protect yourself in the event that you have to walk away is to put a clause in your lease saying that the landlord cannot unreasonably reject a new potential tenant. This means that if you need to leave you can speed the process of occupying the space along by looking for a new tenant yourself to sublease or transfer the lease to.
  6. Buy-Out. A final option would be to ask your landlord about the possibility of a buy-out. This option might be difficult to exercise if you have a lot of time left in your lease, but perhaps your landlord will be open to making a deal or keeping your security deposit in exchange for letting you leave.

Your best defense in this situation is making sure that you are protected upfront in your lease. Try to negotiate for various provisions that you can fall back on in the event that you need to unexpectedly leave.

If your business is looking for new commercial real estate in Kansas City, give one of our commercial real estate agents in Kansas City a call today at 913-685-4100 to find out more about our commercial property management in Overland Park, KS, and our available commercial office space for rent in Overland Park, KS!

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Office Space For Lease in Kansas City: 7 Common Leasing Issues

Office Space For Lease in Kansas City: 7 Common Leasing Issues

Signing a lease is a big step for any small or new business. If you are looking for a commercial office space for rent in Overland Park KS, here are seven common problems that you might come across when you are going over your lease, as well as a few solutions for these issues, as outlined in “12 issues to consider when leasing a commercial office space”:

  • The Lease Term: The term of a lease simply refers to how long it will last. When negotiating your lease, it is definitely a good idea to understand exactly how long your lease lasts before signing it. Few things would be worst than having to move out of your space earlier than you thought, so make sure your lease term is exactly the length you would like. Most landlords are flexible in negotiating leases with longer lease terms, since this means they don’t have to find a new tenant soon, so if you want a longer lease term you might also use this as leverage for other provisions you want.
  • Subleases/Transfers: It’s definitely important to think about what will happen to your space over the years of the leasing term. If you think that you might need to move or your business might change within the next two or three years, it might be a good idea to ask questions about subleases and transfers. A sublease is when you allow another company or individual to rent out your space for the remainder of the lease term. Transfers are commonly referred to as assignments, and allow the tenant to transfer the terms of the lease to a third party. If the lease does allow a third party in either a sublease or a transfer, the original lessee must remember that they are liable for any damages this other party might cause during the remainder of the lease.
  • Rent: A decision-driving factor that most people are concerned with at the beginning of their search is the rent of the space. It’s easy to get sucked into a situation where the rent starts off lower and ideal for you but then it escalates. So it’s important to pay close attention to the escalation clauses in your lease and to negotiate for a fixed rent for the entire term. Rent may fluctuate because of market conditions and perhaps even general the general financial status of the area or landlord. If you do have to accept escalations in rent, make sure you understand how and when the escalation will be calculated.
  • Common Spaces: When thinking about signing your lease for your new commercial space you should physically visit and evaluate the exact space to find out what is really included in the rent. This means that you should discuss hallways, restrooms, elevators, lobbies and other common areas with the landlord. Understand where your office stops and another begins and exatly what square footage was quoted in your rental cost by the landlord. Having a clear understanding of the space will help you really determine whether the price is fair.
  • Disputes and Resolutions: Companies that take legal action regarding their lease can accumulate costs relatively quickly if the dispute gets out of control. Some leases might include some sort of clause about this situation and how to deal with disputes. So it is a good idea, especially if you are a smaller and newer company, to look into alternatives to traditional court proceedings like mediation and arbitration. In these situations, neutral third parties could help facilitate discussions and solutions to disputes with a landlord.
  • Security deposits: Before you sign your lease, find out what can and cannot be deducted from the security deposit you pay before moving in. The most common deduction from the security deposit is for general cleaning and large damages to the space. But remember there are laws that specifically prohibit actions relating to security deposits, so make sure you understand the expectations outlined in the lease.
  • Repairs/Termination: Trying to negotiate a right to an early termination within your lease benefits you because you will avoid relying on a court to determine damages for the landlord and you will be in control of repairs. Before signing your lease, you should make sure you understand the conditions in which you can terminate a lease prior to any renewal that might be automatic. Also, before ending the lease, make sure that you know who is responsible for what kinds of repairs. This will help with both ending the lease properly and making sure you get all of your security deposit back,

So when going over your lease, make sure that you make a checklist with this information and it may save you some money in the long run! These common problems can be avoided with the right precautions and awareness.

If you are interested in commercial real estate in Kansas City, give one of our commercial real estate agents in Kansas City a call at 913-685-4100 and set up a tour with the commercial property management in Overland Park, KS.

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18 Common Sections in a Lease for Commercial Office Space for Rent in Overland Park, KS

18 Common Sections in a Lease for Commercial Office Space for Rent in Overland Park, KS

As you get closer to the end of your search for office space for lease in Kansas City, you will come to the negotiation process of finalizing a lease. Before really entering into this phase, it is wise to familiarize yourself with some of the terms you should expect to see in a lease. Below are explanations of some of these sections in a bit of detail, as described in the article “Commercial Lease Documents Explained: Typical Sections in a Commercial Real Estate Lease”:

Deposit: This section will detail any circumstances in which the security deposit payment may be forfeited or returned to the tenant.

Use/Restrictions: This describes what can and cannot be done on the premises of the property; for example, signs and sub-leases may be discussed in this section.

Term: This section describes when the lease begins, ends and or can be renegotiated. This is important, because even something as simple as your exact start date can have a big impact on things like finding insurance coverage for your business while in the space.

Parties: This is where the lease will state who the tenant and landlord is and their official names.

Taxes and Insurance: This section will include a requirement for the tenant to have insurance of some sort on the property to protect both the landlord and the tenant. It is also common in this section to discuss the division of property tax.

Parking: This should discuss details on handicapped parking, employee and customer parking, as well as the availability of space for parking.

Maintenance: This section discusses who is responsible for what in terms of minor or major damages to the space. Most tenants will be responsible for minor damages, while landlords will be responsible for failure of equipment and larger problems.

Hold Over: This term describes the consequences in the event that the tenant does not leave at the end of the leasing term.

Premises: This section describes what exactly you are paying rent for and how the space is divided.

Utilities: This section will describe utility costs, specifically how they are metered and distributed among the tenants. It may also speculate if the tenant needs to pay the landlord utilities and what will happen if they are not paid on time.

Subordination, Non-disturbance, and Attornment: This section will protect the tenant from foreclosure from the landlord. It will most likely describe what will happen if the bank or a new landlord takes over.

Rent: This section will discuss how the rent is distributed and calculated, as well as the common area maintenance and other associated costs that might be included in the rent.

Estoppel: This section touches on what will happen if there is any sort of change landlord’s position, and to verify if the tenant is holding up their leasing responsibilities.

Destruction/Condemnation: This clause will discuss what will happen in the event of the destruction or condemnation of the property.

Assignment and Subletting: If the landlord permits subleasing, this part of the lease will discuss the steps a tenant can take in the event that they want to sublease part of their space.

Options: This section will discuss the possibility of buying property or renting additional space within the same building.

Defaults and Remedies: Describes what the consequences are if one party defaults on the lease agreement, as well as what remedies are possible for the other party.

Once you have gone over your lease it might be a good idea to review the lease with an attorney. This can help you better understand more specific terms and conditions within the contract.

So if you are looking for Kansas Office Space For Rent, give one of our commercial real estate agents in Kansas City a call at 913-685-4100 to set up a tour of one of our spaces or learn more about our commercial property management in Overland Park KS!

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Office Space for Lease in Kansas City: Understanding and Negotiating CAM Fees

Office Space for Lease in Kansas City: Understanding and Negotiating CAM Fees

No matter what size business you are or how much commercial real estate in Kansas City you are looking to rent, it is always worthwhile to ask for a better deal before signing your commercial lease. One area that can be confusing for businesses leasing a space is CAM fees, although this is an area that deserves attention in negotiations, as these make up a notable portion of the expenses you will be responsible for during your lease term. Here is some information on what CAM fees are and how to deal with them, as outlined in the article “Tips on How to Negotiate CAM Fees in Commercial Leases”:

  • Understanding CAM Fees – The most basic step is to understand what these fees are and what they cover. CAM fees typically cover the maintenance and repair of common areas that affect all tenants, including elevators, stairways, lobbies, restrooms and hallways, plus sometimes even the parking lot, sidewalks and landscaping of the property. Make sure your business’s CFO understands how to factor these fees into your budget.
  • Administrative CAM Fees – If you see this in your lease, these fees are something you definitely have grounds to reject. These are the fees that are related to operational or management expenses and should usually be taken care of by the landlord.
  • Beware of CAM Fees for the Exterior – Another aspect of CAM fees that you should push back against is exterior building maintenance. In theory, the landlord is making money from these buildings through the rent that you pay, so maintenance of this aspect of the property should be paid for by the landlord through the rent you pay.
  • Review the Bills – If your landlord won’t budge on your refusal or negotiation of certain CAM fees, you can ask to see proof of these expenses. Write it into your lease that you have permission to review these bills to make sure the expenses are being calculated correctly and appear reasonable.
  • Cap the Increases – Make sure that you negotiate for a cap to how much CAM fees can be raised annually. This could either be a percentage or a stipulated maximum amount. Make sure that you address this specifically, separate from other rent increase clauses.

In order to be prepared to negotiate the best lease possible for your business, it is important to know what you are dealing with in a commercial real estate lease. CAM fees are a major expense you will be responsible for beyond your regular rental payments, so it is important to understand how these work and how to make sure that your portion of these expenses is fair and reasonable. Do the due diligence on how to deal with CAM fees for office space for lease in Kansas City and save your business some money in the long run!

If your business is looking for commercial office space for rent in Overland Park, KS, give one of our commercial real estate agents in Kansas City a call at 913-685-4100 to learn more about the spaces our commercial property management in Overland Park, KS, has available!

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10 Commercial Real Estate in Kansas City Terms You Should Know

10 Commercial Real Estate in Kansas City Terms You Should Know  

When you are looking for commercial office space for lease in Kansas City, the best place to start is to familiarize yourself with leasing terminology. Here are a few terms to become acquainted with before going in search of your perfect office space, as outlined in the article “Typical Leasing Terminology”:

  1. Lessee. The individual or business who leases the property, also known as the tenant.
  2. Lessor. The owner of the property, referred to as the landlord.
  3. Rent Rate. The rent rate is listed for a space on a per square foot basis. Be sure to clarify whether the listed rate refers to rentable or usable square footage.
  4. Gross Rental. In a gross rental lease, the tenant’s rental payments cover all services, such as insurance, property taxes, and often some maintenance services. This type of lease is different than a net lease, which charges for each of these expenses separately.
  5. Option to Renew. This is a clause that a tenant can negotiate into the original lease, which allows the tenant to renew the lease before it expires at a pre-determined rental rate. This option is especially useful for tenants who are not sure where they will be in a few years, as it gives them the option to extend their stay or move on if they have outgrown the space.
  6. Rent Free Period. Many landlords offer this as an incentive to tenants, which can go into effect at the beginning of the lease or be spread out through the course of the lease, depending on the negotiated terms.
  7. Date of Possession. This is the date agreed upon in the lease when the tenant officially begins their occupation of the premises. Starting from this date, the tenant assumes liability for anything that might happen in the space.
  8. Property Maintenance. The tenant is typically responsible for maintenance costs both inside their space and in common areas of the building. However, the landlord or property owner generally is responsible for the maintenance of the outside of the building.
  9. Assignment. This clause allows a tenant to pass their lease on to another tenant for the rest of the lease term, usually because the original tenant needs to leave the space due to financial difficulties. The choice of a new tenant is subject to the landlord’s consent. Potential lessee’s should consider trying to negotiate for this clause to be included in their lease to protect themselves in the event of financial difficulties.
  10. Novation. In this situation, an entirely new tenant moves into the premises before the end of the original lease and draws up a new lease directly with the landlord.

Before you start looking for commercial real estate in Kansas City, take the time to familiarize yourself with the vocabulary of the commercial real estate market. This will help make the process of finding a Kansas City office space for rent feel much more in your control.

If you are looking for commercial office space for rent in Overland Park, KS, give one of our commercial real estate agents in Kansas City a call at 913-685-4100 to find out more about our available spaces and commercial property management in Overland Park, KS!

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