Sometimes half the battle when negotiating a lease is knowing the right questions to ask. There are a lot of things you will want to ask your landlord before signing, and many of these questions should also be directed to an expert such as a lawyer or commercial real estate broker. The questions you ask will vary based on the needs of your business, but here are a few examples of things you might want to enquire about:
- Does the deal look like it might saddle your business with unforeseen and unnecessary expenses?
- What are your operating costs based on— the percentage of space you occupy in your building, or are they divided up amongst the number of tenants in the building, forcing you to pay for the costs associated with empty units?
- Does the lease lower your rental rate if you renegotiate another term after the lease expires?
- Does your business have first right to lease the space for a longer term if you are currently only renting month-to-month?
These are just a few questions, but hopefully they get you thinking about other details you want to address in your lease. Asking questions consistently as you talk to different landlords will help you become a better negotiator, and getting answers from an expert will confirm that you are on the right track in protecting your business’s interests.
Looking for Overland Park office space for lease? Give a DDI Commercial real estate broker in Overland Park a call at 913-685-4100 to find out about our available spaces!