Lease Process Guide

An office space lease sets out the parameters of a business relationship, much like a partnership agreement. Just about any standard lease serves both parties, but the test of a good lease hinges on hiccups that could occur during the terms of the arrangement. Tenants often loose sight of the fact that the standard form lease represents the landlord’s wish list and, if not appropriately modified, may not serve their interests when issues arise. On the other hand, an overzealous tenant can often request changes to the lease that, if not fully understood, can cause unforeseen difficulties.

Adversity between the tenant and landlord can result from many things, though initial lease negotiations are typically directed toward base rent and concessions. The potential for other concerns remains, however. It is imperative that the more significant issues are highlighted in the negotiation phase and practical ideas and suggestions are offered to assist tenants in:

The process of signing a lease requires an evaluation of the tenant’s own needs for office space, but looking entirely at the process from the tenant’s perspective is ineffectual. Successful negotiation for office space requires knowledge and empathy regarding the significant issues faced by the landlord.

The following articles will introduce clients to a number of steps that will lead to a balanced arrangement on issues typically affecting negotiations of office space.

New York Office Space is a full-service commercial real estate firm specializing in Manhattan commercial properties for local businesses and companies looking to lease space. Our brokers are experienced, dedicated experts in New York’s real estate market, including many facets not limited to; the geography of the city and the availability of the buildings across Manhattan.

NYOS guides its clients through the entire process, beginning with the initial search, through all showings, negotiations and even architectural and construction plans.

Please call or email a New York Office Space broker for details.