#tenant representation

Maximizing the Tenant Improvement Allowance

Maximizing The Tenant Improvement Allowance

Maximizing the Tenant Improvement Allowance (TI Allowance) is crucial in lease negotiations when building or retrofitting office space. Landlords consider the premises' condition, lease term, rental rate, and the tenant's financial standing when offering an allowance amount. For existing office space, basic upgrades like carpet replacement and painting are often all a tenant can...

Tenant Representation - what is it and why do you need it?

TENANT REPRESENTATION – WHAT IS IT AND WHY DO YOU NEED IT?

Tenant Representation - what is it, and why do you need it?  Why is Tenant Representation so important?  Landlords are experts in managing and leasing their properties. When you, as a tenant, sit down with a landlord to negotiate, you can be sure that they have come to the table armed with information from in-house and outside real estate professionals. The landlord's broker has significant fiduciary...

How much lead time is enough when renewing your lease?

WHEN RENEWING YOUR OFFICE LEASE – HOW MUCH TIME IS ENOUGH TIME?

How much lead time do you need when renewing your office lease? Too often, tenants comfortably ensconced in their office space simply forget about their lease until they get a call from the landlord and receive an offer to renew a few months before their lease expiry date. This is a landlord's dream—they have a “captive tenant” who does not have enough time to move. Tenants in this situation have...

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