How To Effectively Renew Your Lease
You signed a 5-year lease for a 4,000 sq ft office just under five years ago. The landlord spent $200k renovating the new office to your requirements. You are content with the landlord and the space. The lease is expiring soon, and the landlord is proposing a modest rent increase.
Is this a good deal? Is it alright that the Landlord spent $200k on the initial lease but did not provide any improvements on the renewal? How do you prepare for the negotiations? What should you ask for?
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Learn how to navigate the lease renewal process and the importance of hiring a tenant representative.