Office Spaces for Rent 6 Questions Every Tenant Should Ask

Answer these six questions to see what lease negotiation services can do for you.

1. Have you got time to call the leasing agents at every building becausethis is the only way you'll ensure that you know about every listing - many landlord and other real estate websites are not frequently updated. Do you knowwhat to ask and what not to say to a landlord or his agent?

2. Are you familiar with commercial real estate jargon and pricing - net lease,triple net, gross lease, semi gross, gross up, load charges,CAM, BOMA, etc. This is confusing to most tenants.

3. Are you familiar with real estate lease negotiation? Landlords and their agents are. They negotiate real estate deals on office spaces for rent on a daily basis.

4. Do you know what you you need to know before you hire a commercial real estate agent? Not all agents are the same and picking the right agent is one of those critical issues that can save you tens of thousands of dollars!

5. Do you know that the Landlord's standard lease is extremely one sided containing clauses like the right to terminate your lease early for his convenience, to relocate your premises to undesirable parts of the building even before your lease commences,and to legally double charge you for many additional costs?

Do you know that he also has ways to limit your lawyers ability to change these clauses. Are you aware that there are ways to protect your rights before you call in a lawyer and the lawyer tells youit's too late!

And once the lease has started, do you know that many landlords make huge errors in calculating maintainance and tax payments that they charge back to you?

Better still, are you aware that you can hire experts to uncover and recover these overpayments that can add up into the tens of thousands of dollars?

6. Has a Toronto commercial real estate expert custom designed your initial leasing documents, read your landlord's lease and answered the questions 1-5?

You may be in a hurry to get into your new office space. Landlords hire agents to make sure their buildings produce the highest rents possible. As business person you are on your own to find your own professional support. Hold yourselfin check and get the help you need before you go to the market.