Comments on: How to Avoid Being Ripped Off When You Lease Office Space, Part II

By: How to Lease Office Space–A Saga in 3 Parts

How to Lease Office Space–A Saga in 3 Parts — Fri, 22 Apr 2011 20:49:37 +0000

[...] Part 2: Fourteen provisions to consider negotiating before your company signs a commercial lease for office space. [...]

By: Henry

Henry — Tue, 01 Sep 2009 18:35:30 +0000

I entered into a 10yr lease with a mall operator. As you know everthing start to fall apart last year. Now the mall has only remaining 1 of 3 anchor stores and foot traffic is horrible in the food court. I am in the RED big time and already having to put in extra $$ to keep up with rent. Landlord would lower the rent and if we terminate we are liable for the remaining 9yrs. I was told that since we signed our name on the contract and not as an officer of our company we are personally liable and they can go after personal asset which we dont’ have much. I made the mistake of trusting the franchise lawyer to review contracts and now I am stuck in the hole. What are my options. should I try to hang on and see if things get better or walk and find a way to paid the 100k they ask for as termination? Please help.

By: Joe

Joe — Tue, 01 Sep 2009 12:22:13 +0000

Great article, its definitely important to realize the conflicts of interest other parities may have when you are a business searching for space. Sometimes they don't have the best interests of your business in mind.

In the current market tenants should negotiate hard for concessions from landlords. Space vacancy rates are continuing to climb and there are very few businesses expanding. Check out Rofo.com if you are looking for office, retail or industrial space in California.

By: Joe

Joe — Tue, 01 Sep 2009 12:22:00 +0000

By: Chris @ Serron serviced offices

Chris @ Serron serviced offices — Thu, 28 Aug 2008 04:45:58 +0000

In the Serron business centre our tenants license their offices, they do not lease. This overcomes the legal complexities and the long term commitment required by a standard commercial lease, allows tenants to hire and use offices on a month by month basis and avoids expensive lawyer fees. Chris

By: How to Avoid Being Ripped Off When You Lease Office Space, Part III : The Startup Lawyer

Tue, 01 Jan 2008 05:53:54 +0000

[...] is Part III of a series about how to lease office space. You can begin with Part I or skip to Part II.In Part III, we’ll continue discussing the provisions that your startup company needs to [...]

By: Ryan

Ryan — Tue, 01 Jan 2008 03:09:32 +0000

There are a few ways you can find a commercial tenant rep:

(1) Try your local chamber of commerce. They will usually have a free referral or two for you.

(2) Drive around and look at the “for lease” signs in commercial properties.

(3) Try searching for properties on http://www.loopnet.com as all the listing will have the building’s tenant rep.

(Note that with #2 and #3 above, I’m not advocating you contact the rep of the building or space you want to lease.)

As for the type of lawyer, either a real estate attorney or corporate/business lawyer will be able to help you review/negotiate a commercial lease.

By: Audrey

Audrey — Fri, 28 Dec 2007 23:01:44 +0000

where do I find a rep and what kind of attorney should I seek to review docs