Renewing Your Commercial Lease

Representation is Paramount

Lease renewals are the most common transaction in commercial real estate. 

More healthcare tenants find themselves being taken advantage of by their landlord during renewals, than in any other transaction, as many landlord’s definition of a “market lease rate” is whatever the most is they can get a tenant to pay. 

Additionally, the majority of landlords negotiate professionally for a living and often with the assistance of professional real estate brokers and listing agents. 

Losing money during a commercial lease renewal negotiation can dramatically reduce your profitability, considering that real estate is typically a practice’s 2nd highest expense behind payroll. 

Level The Playing Field 

With this much at stake, hiring professional representation to protect your interests is paramount. We have the medical office leasing expertise you need to get a fair deal. 

Lease Renewal Negotiation

There are three things you should clearly understand during a lease renewal:

  1. You have the right to professional representation
  2. You should have a defined strategy before entering negotiations
  3. The same concessions available on a new lease can also be obtained during a lease renewal

Commercial landlords are in business to maximize the value of their properties. Their goal is to charge the highest lease rates while giving the lowest amount of concessions.

At CARR, we level the playing field during lease renewal negotiations and ensure our clients receive the best lease rates possible along with the most concessions available.

DON’T BE TAKEN ADVANTAGE OF WHEN NEGOTIATING A LEASE RENEWAL

There are three ways landlords often treat existing tenants worse than new tenants:

  1. They attempt to charge higher lease rates
  2. They offer fewer concessions
  3. They tell tenants not to hire representation

Their approach is intended to give them a distinct advantage over the tenant during negotiations.

The most successful companies in the world engage professional representation on their behalf and so should you.

Refuse to be taken advantage of during your lease renewal negotiation by hiring an advocate that will ensure you are protected and help you capitalize on your next commercial lease term.

Golden Ridge - CARR commercial real estate

Lease Renewal Strategy

  • Hire an expert real estate broker
    • Perform a detailed lease analysis 
      • Identify the top viable options in your area
      • Compare your current lease terms to the market
      • Evaluate purchase vs. lease scenarios
      • Customize a strategy based on your objectives
      • Allow your team to execute on your behalf to protect your interests
      • Capitalize through skilled negotiating

      3 Common Mistakes Healthcare Professionals Make During Lease and Purchase Negotiations

      Believing The Best Terms Are Offered First

      Determining Your Value by Asking Your Neighbors

      Not Knowing Market Availability and Comparisons

      LOOKING FOR MEDICAL OFFICE LEASING EXPERTS?

      You’ve come to the right place. CARR will work with you to ensure you get a fair lease that allows your practice to succeed financially. Contact us today for a free lease evaluation

          Thousands of Healthcare Providers Trust Us

          “CARR negotiated a lower price and saved me a great deal of money.”
          John Arns, DC

          Thousands of Healthcare Providers Trust Us

          I highly recommend CARR. They took care of the entire lease negotiation process on space for my start-up veterinary practice.
          Grace Kemp, DVM

          Thousands of Healthcare Providers Trust Us

          “Everything was executed in a professional and timely manner. CARR was a strong advocate and made us feel like a priority.”
          Heidi Kopp, OD

          Thousands of Healthcare Providers Trust Us

          “With CARR’s help, our tenant improvement allowance increased from $30,000 to $130,000 and we negotiated for a below market lease rate.”
          Matthew Paden, MD

          Where We Work

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