Negotiable Real Estate Lease Terms Real Property Advisor New York Business Tenants Landlord

  1. Determine tenant's spatial and economic requirements.

  2. Survey the market with specific tenant spatial, geographic and economic requirements.

  3. Find, assess and analyze market alternatives.

  4. Convince current landlord that they may lose tenant due to a relocation triggered by the real estate advisor.

  5. Increase negotiating position of tenant.

  6. Act as buffer between tenant and landlord so future landlord / tenant relationship is unimpaired.

  7. Renegotiate and review all current and future lease terms including:
  • Rent
  • Free Rent
  • Security Deposit
  • Electric Charges
  • Work Allowance
  • Escalation Charges
  • Sublease Rights
  • Billing Accuracy


Need to negotiate a new office space lease or renegotiate an existing lease?
Contact an Agent at Wharton Property Advisors, Inc.




MAJOR NEGOTIABLE LEASE ISSUES


REAL ESTATE TAXES:
  • Base Year
  • Certiorari Refund
  • Allocation of Tax Increases

OPERATING EXPENSES:
  • Base Year
  • Tenant's Percentage of Building
  • Limit Yearly Increases
  • Exclude Certain Expenses
  • Cost of Living Escalation

OTHER LEASE ITEMS:
  • Electricity: Direct or Sub Meter
  • Space Measurement
  • Renewal Options
  • Cancellation Options
  • Assign/ Sublease Rights
  • Work Letter Issues





Ruth Colp-Haber
Wharton Property Advisors, Inc.
New York City Office Space Specialists
445 Park Avenue, 9 Fl., New York, NY 10022
Phone: (212) 759-0408

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