It is not an uncommon practice for landlords to raise the rent when it comes time to renew your commercial lease. What you might not know is that you don’t just have to accept your destiny and pay more money. When a lease is up for renewal, this is the time for companies to assess their current position as a renter, revisit the commercial real estate market, and use that information to negotiate a better lease agreement.
Market conditions and availabilities may have changed since you last signed your lease. There could different contract terms that may offer benefits to you, such as:
Less Debt
Lower Taxes
Desirable Amenities
Competitive Rental Rates
Favorable Clauses (co-tenancy, subleasing, etc)
Building Signage Opportunities
Don’t just renew your lease- improve it! With PSR, we can maximize your negotiating leverage and get the best transaction possible. We will make sure that your interests are protected and that you are getting the best deal. The reason landlords prefer to negotiate commercial leases with you, the client, rather than with a tenant broker involved is not because it will save them commission. It is because they know they will make more money.
Lease Buyout
A commercial lease buyout is when a tenant pays the landlord who owns the commercial property a sum of money to end a lease before it officially expires according to the lease contract. A lease buyout can be a fairly simple process. We can help you figure out what each person wants in the deal, and try to cater to the landlord. Some buyout options are written into original leases, while others are agreed upon later by tenants and landlords.
