Renegotiating your lease can be daunting.
In reality, you’re just looking for a fair deal for the premises you rent.
Our team of expert negotiators have considerable experience of working through all the complexities of your lease and will negotiate the best possible terms for you.
Because we have access to local market intel and historic (tenancy) data, we know how to secure a good ‘deal’ with landlords and how to counter any complex strategies they might adopt.
If renegotiating your lease is not the right choice for you, take a look at your other options.
Our team has just one goal - your success.
Finding the right advisors to help you make the right decisions for your business is a skill we have.
That is why we make sure we go the extra mile to make you comfortable and confident about the advice we give you and our implementation skills. Every member of our team has deep expertise and experience across a broad range of property disciplines, which ensures that our clients always get the right result, on the best terms, at the right time.
Review your workplace strategy
Is it time to review your workplace strategy and/or your financial relationship with your landlord.
Employees expectations of work practices have changed, which is why employers are now reviewing their workplace strategies. To ensure you secure the best ‘space’ on the optimum terms, research the market and identify the evidence you need to negotiate with your existing or prospective landlord.
Unless you are good at it, appoint a seasoned lease negotiator to represent your interests.
Many business owners/managers think that the only bargaining chip they have is rent. Wrong; there are other factors which need to be considered to ensure you do not commit to any expensive long term liabilities or, are locked into unfavourable (and expensive) terms.
Common lease negotiating variables include:
- Negotiate a lower rent
- Adjust the frequency of rent payment
- Soften repair obligations
- Add or remove break clauses
- Reduce the size of a premises
- Secure upgraded premises with the same landlord
NOTE: a landlord may have their own reasons for wanting to change the terms of a lease – for example, they may want to redevelop the property. It is important that you are aware of issues like this when entering into a renegotiation.
