Option to renew a lease: the commercial tenant’s safety net
Without an option to renew built into your office lease agreement, you can be forced out at the end of your lease, resulting in costly – and possibly serious – disruptions to your business. We make sure this vital protection is built into every commercial lease we negotiate.
Your option is at market. Do you know what fair market is? Your landlord knows!
Determining and negotiating what represents a market rate is crucial to achieve the most beneficial and profitable package. Mazirow Commercial can negotiate a competitive package upon exercising an option or renewing a lease. Tenants need a trusted advisor to minimize costs because the cost of office space directly affects profitability. An existing tenant is in a compromised position with their landlord. Crafting a renewal or option to minimize the rent you pay is a challenging process that Mazirow Commercial can accomplish for you.
Call us as soon as possible, so there is plenty of time to discuss your options and develop a plan that includes potential contingencies your business – and its growth – may require. This kind of front-end planning is similar to an insurance policy, in that it can save you untold costs and frustrations in the future.
Protect your business today – and tomorrow – with professional representation from Mazirow Commercial. Remember: there’s no additional cost to you. Since broker commissions are paid by the landlord or seller, the costs are already built into the rental rate.