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Tactics Available to Office Tenants in the OC Market
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Space exploration - Consider more than cost


With the uncertainty of how long low rates will hang around, you may be tempted to commit to the offer with the lowest price tag. However, there are factors that can inflate your actual cost. Utility, maintenance and improvement fees can hide within a hastily signed document.


A careful review with a real estate professional can weed out deals that are too good to be true and help you bargain for favorable terms. For example, a clause that ties rent increases to tangible market figures can avoid exaggerated rate spikes. You can also work to include exit or expansion options.


“Some of the variables to consider when analyzing a new lease include cost, flow-through obligations, taxes and maintenance,” says Martin Pupil, senior managing director, Colliers International Orange County. “I strongly recommend to companies that they get their attorneys involved and partnered with their broker to find out how they can properly use their leverage with a landlord to get a better deal.”


Many property owners are struggling financially, so it is imperative that you research the stability of the landlord. If the building goes into foreclosure, you may be liable for additional costs or be shuffled around by a new owner.


“When a tenant is moving into a building, it’s like a marriage,” Strasmann says. “You’ve got to feel comfortable with the ownership and the ownership has to feel comfortable with the tenant. You’ve got to make sure they have a good reputation and they run their properties with quality and they have a good reputation in the market.”…Click HERE to view the full article.

Source: www.sbonline.com



Submitted by: Stefan Rogers   |   Monday, November 16, 2009 9:52 AM   |   Posted in: Real Estate Leasing Strategies
Tags:
building   cost   deals   estate   financial   help   landlord   lease   market   office   orange county   owner   professional   property   rate   Real   Real Estate   rent   research   search   space   Tenant  



2 Comments
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Interesting Post.!



Green View Enclave offer plots on Delhi Jaipur Highway


Submitted by: Satinder Singh   |   Saturday, September 29, 2012 12:54 AM   |   Posted in: Real Estate Leasing Strategies
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fiogf49gjkf0d
Nice post. Keep Sharing with us .!



Green View Enclave offers number of new plots on Delhi Jaipur Highway


Submitted by: Satinder Singh   |   Saturday, September 29, 2012 12:56 AM   |   Posted in: Real Estate Leasing Strategies
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