Lease Renewal

Generally speaking companies experience less advantageous terms renewing their existing lease than when they located to the building originally. Most landlords believe that a renewing tenant should pay a premium for the convenience of not having to relocate. Considering as well that lease transactions are the landlord’s core business and the playing field is hardly level for the renewing tenant.

We guide our clients through the tumultuous waters caused by an expiring lease with a logical and defined process that leads to market renewal transactions. We ensure our clients are educated, organized and have leveraged all potential market opportunities.

M.J. Connell Real Estate levels the playing field by:

  • Reviewing the terms of the current lease to establish a baseline
  • Understanding existing market conditions
  • Understanding the dynamics affecting the landlord’s negotiating position
  • Uncovering and leveraging all existing and potential market opportunities
  • Creating a competitive market space for our clients tenancy

 

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