Lease Renewal Negotiation
Putting Your Interests First
When your lease term is winding down, the easiest way forward is for the landlord to simply advise you of the new rates and watch you sign the renewal. Rarely, though, is that the best way to serve your company’s operating costs, needs and future plans. Miller Industrial Properties is very active in representing tenants during lease renewals – we add negotiating elements that tenants do not possess, including:
- Up-to-date, detailed market lease knowledge.
- Years of expertise with various tenant options.
- A strong relationship with your landlord.
Northern Nevada’s commercial real estate market is very active. Conditions are constantly changing, with vacancies in specific sub-markets moving up and down and changes to landlord concessions, lease terms/conditions and most importantly, rates.
Lease Renewal Negotiation – What You Need to Know
The time to start the lease renewal negotiation is many months prior to your lease expiration date. Don’t wait until the week before – give your agent enough time to carefully review and consider all options to determine what will best serve your negotiation position. We can save you time and money by streamlining this process – it’s our business. Let our expertise help you while you tend to how your business makes profits.