Etiquette for International Business
There are some customs that seem natural to us in the United States. However, when doing business with partners from all over the world, it can be possible to overlook the cultural differences. Consider a few of these helpful international business etiquette tips for your next international client. Time – Being punctual to corporate meetings […]
Office Space Planning: Settle Your Layout Before You Sign the Lease
Your floor plan should drive your lease, not the other way around. How test fits, space per person, and layout decisions shape what you pay and how much tenant improvement allowance you can negotiate.
Setting Up a New Office: Lease Terms to Lock In Before Move-In
A smooth office setup is decided in the lease: build-out control, rent commencement, early access, what the allowance can pay for, and what you owe when leaving your old space.
Subordination & Non-Disturbance Agreements in Office Leases
When an office tenant signs their commercial office space lease, it’s only natural to assume that the tenant will have an undisturbed tenancy and complete access to the premises as noted in the lease. This is often the case, however, there comes a time on occasion when a tenancy is disturbed for one reason or […]
3 Do’s for Office Tenants Before a Renewal or Relocation
Three things office tenants should do before any renewal or relocation: start early, create real alternatives, and negotiate total occupancy cost, not just base rent.
Choosing Office Space: The 2 Big Considerations Are Location and Total Cost
Location and total occupancy cost decide whether an office works. How to weigh commutes, clients, and submarket leverage, and how to compare true cost across buildings.
Benefits of Office Tenant Representation: Why Tenants Use a Tenant Rep
Office tenant representation costs tenants nothing — the landlord pays the fee — and delivers market data, negotiating leverage, and better lease terms. Here are the benefits Chicago office tenants should understand before their next lease or renewal.
Office Space: Expect The Unexpected When Negotiating Your Lease
There are many terms which office space tenants think of during the office space lease negotiation phase. From the rental price to parking inclusions to who pays for the common area maintenance, there is certainly a lot of terms to consider. One aspect which tenants do not always consider during negotiations is what the relationship […]
Office Leasing: Understanding Rentable vs. Usable Square Footage
When you lease commercial property to be used as office space, your future landlord will mention terms such as rentable square footage and useable square footage when speaking about the rental cost. As opposed to having a single rent figure, these square footage calculations are used to determine just how much you’ll pay for your […]
Office Space: What You Should Know About Relocation Provisions In Leases
The office lease is one which contains many terms. Some are in there for the benefit of the landlord while others may help out the tenant in one way or another. One which falls within the former category is the relocation provisions term. This is sometimes found in a commercial office space lease and allows […]