Tips to Renegotiate Your Commercial Lease & Potentially Save $$$

It’s been almost five years since you started your company, and you’ve done better than most companies out there… you’re still in business. As you move forward you have many things to consider. One important, but often overlooked, area of business is the commercial lease. A commercial lease can be one of the biggest investments for a company with larger leases costing millions of dollars over the lease term. Savings for these larger leases can amount to hundreds of thousands of dollars when negotiated correctly.

George PinoApril 25, 2017TipsComment

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A Tenant Representative is Your Best Ally During Lease Renewals

After 30 years of being in the business, I still hear from tenant clients on their lease renewals: “Why should I use a broker to represent me, wouldn’t I get a better deal if I just used the landlord agent, or just negotiate a term direct with the landlord.” Many tenants also believe that either they have to pay a commission, or if a landlord doesn’t have to pay a commission to the tenant’s broker then the landlord will pass along the savings to them. Lastly, many tenants believe that since they’ve been through lease negotiations in the past, then they know what to do for a lease renewal. These lines of thoughts may and usually does not get the tenant the best deal.

COMMERCIAL BROKERS INTERNATIONAL