You find yourself at a most critical juncture of the entire office leasing experience. You have secured a tenant representation broker, toured office space, gotten through the proposal period and are now staring at a complex office lease of over 25 pages.
The first and most critical thing you need to do is hire a commercial real estate attorney with office lease experience. Your commercial real estate broker is not an attorney and cannot advise you on the office lease language and its ramifications. As commercial agents we do however see what is common in the marketplace around office leases and where common ground can be found between both parties. Below is a short list of things to watch out for that may not seem paramount at the time, but can be very critical to you and your business over the long haul.
The idea behind a lease negotiation is to find common ground between a tenant and landlord by negotiating a fair and equitable contract between both parties. Both parties should have the same responsibility and liability throughout the contract. Be sure to find a great commercial agent and office lease attorney. With a strong leasing team at your disposal, you will ensure the future success of you and your company!