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One of the big expenses that a company can incur is for their leased office space foamposites for sale. On one hand, you expect to pay a fair market rent; on the other hand, you certainly want to keep your operational expenses as low as possible. Then there is the fact that there is no such thing as a standard rental contract! So you need to be aware of all of the considerations that enter into most such negotiations so you can be in a position to bargain for great terms and avoid any potential catastrophes if you took any of this for granted! Here are some important facts of which you need to be aware in order to negotiate a great leased office space and avoid any unhappy conclusion in this regard foamposites for sale.Lease terms are almost always negotiable - Dont get locked into a long-term arrangement! Familiarize yourself with all term options available to you. Negotiate an arrangement that will best suit your unique business operational needs foamposites for sale. There are several options that you can consider besides an ongoing long-term contract, which include: short-term with a renewal option; option for cancellation with advanced notice; and a long-term contract cancellation clause. Hire your own tenant representative - Heres an interesting fact about retaining for your business the services of a tenant representative foamposites for sale. These individuals are paid by the landlord no matter who else is involved in the transaction as the landlords representative, who is probably receiving a commission for their work, will have to share their typically 6% commission with anyone else retained and involved in the negotiations. So if a business elects to rely only on the information provided by someone retained to represent the landlord, that business is certainly avoiding the right for fair representation in the contract negotiations process. In addition, the landlords representative will collect the entire fee without having had any concern for the tenants needs.A tenant representative works on behalf of your business, performing any necessary work for your business in this process including an assessment of space needs, comparison of competitive offers and determination of any cost limitations as well as being able to draft any required documents for the negotiations process. Your tenant representative will do all of this and then get paid by the landlord when you sign the lease agreement.Become familiar with some of the exclusive fees and other expenses - Besides the rent, be meticulous in your examination of any contract agreement and see that fees and any other tenant expenses are very specifically listed and explained.
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