This form is intended for a major commercial office complex. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Detailed Office Space Lease with Lessee to Pay Pro-rata Share of Expenses
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10 Important Rental Lease Clauses. #1 Rent Liability. #2 Severability Clause. #3 Access to Premises. #4 Use of Premises. #5 Holding Over. #6 Sublet Rules. #7 Disturbance Clause.
Don't pay asked base rent. But landlords don't actually expect anyone to agree to that amount. Come in with your counter offer at 10-15% beneath what they're asking for. After that, you'll typically be able to work out a number in between that works for both of you.
The Parties & Personal Guarantees. Lease Term & Renewals. Rent Payments and Expenses. Business Protection Clauses.
Property address. Monthly rent, generally calculated by square footage. Deposit amount. Purpose for which the space is being rented. Start date for the lease agreement. End date of the rental agreement. Names & signatures of all parties.
Start Early. Create Competition for Your Tenancy. Take Your Time. Let the Landlord Approach You. Ask Questions of Your Landlord. Talk to Other Tenants. Ascertain if New Tenants are Receiving Tenant Inducements. Ask for More Than You Need.
Justify Why You Need Free Office Rent. Don't just ask for it for no reason. Build-Out Period. Base Rent Free OR Base Rent & Operating Expenses? Early Occupancy. Ask For More Free Rent Than You Need. Consider Adding More Term to The Lease. Offer to Spread The Free Rent Out Over a Period of Time.
As the landlord of a commercial property, your main responsibilities will be to keep up with any maintenance and repairs to the property and to ensure it is a safe place for people to work.
Depending on how granularly you want to get into the details, an office lease can take anywhere from one day to a year or more to negotiate. Most commonly it will be in the three to nine month range.
1) Absolutely engage the services of a tenant representation broker. 2) Introduce competition into the negotiation. 3) Start early. 4) Do not accept the landlord's first proposal. 5) Ask for more than you can get. 6) Ask for more than just a great rate. 7) Do not expect returns on your good tenancy.