Don’t Get Stuck Overpaying: Critical Tips for Lease Renewals
Автор: iOptimize Realty® CRE Tips Channel
Загружено: 2024-10-30
Просмотров: 39
Don’t Get Stuck Overpaying: Critical Tips for Lease Renewals
Renewal clauses in commercial leases can be tricky, and it's essential to treat them with the same diligence as signing a new lease. In this iOpt Minute, Don Catalano, SIOR, CCIM, MCR, discusses why you should never assume a renewal is the best option without exploring the market. Markets change, and what seemed like a great deal 5 or 10 years ago may no longer be favorable. Learn why it's crucial to have a tenant rep scour the market before you decide to renew. Subscribe for more insights on smart commercial real estate decisions.
Chapters:
0:00 - Introduction to Lease Renewals
0:16 - Challenges with Renewal Clauses
0:29 - Importance of Market Research for Renewals
1:06 - Final Thoughts on Lease Due Diligence
Relevant Hashtags:
#LeaseRenewal #TenantRepresentation #CommercialRealEstate #iOptimizeRealty #RenewalClause #OfficeLease
Search Terms:
Commercial lease renewal tips
How to negotiate a lease renewal
Tenant representation for lease renewals
Office and industrial lease renewals
Avoid overpaying on lease renewals
Market research for commercial leases
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