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:
- You have the right to professional representation
- You should have a defined strategy before entering negotiations
- 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
There are three ways landlords often treat existing tenants worse than new tenants:
- They attempt to charge higher lease rates
- They offer fewer concessions
- 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 by hiring an advocate that will ensure you are protected and help you capitalize on your next commercial lease negotiation.
TRANSACTION SERVICES
- Hire an expert real estate broker
- Perform a detailed lease analysis
- Compare your current lease terms to the market
- Identify the top viable options in your area
- Evaluate purchase vs. lease scenarios
- Customize a strategy based on your objectives
- Capitalize through skilled negotiating
- Allow your team to execute on your behalf to protect your interests
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
TESTIMONIALS
WHAT OUR CLIENTS SAY
I just got the absolute best deal on a lease renewal and I couldn’t have done it without CARR!
Lauretta Justin, OD
Millennium Eye Center
TESTIMONIALS
WHAT OUR CLIENTS SAY
CARR negotiated my lease, getting me months of free rent. This deal was done in about 6 weeks! I could not be happier with the service, speed and quality!
Kathleen Alter, MD
MDVIP
TESTIMONIALS
WHAT OUR CLIENTS SAY
They researched the demographics, were well-educated on every matter, negotiated a great lease rate and helped get money for my build-out.
Moniquie Weldon, DVM
Loving Family Animal Hospital
TESTIMONIALS
WHAT OUR CLIENTS SAY
I would encourage anyone contemplating a purchase or lease negotiation to look no further than CARR.
Adam Saeks, DDS
Niwot Dental
TESTIMONIALS
WHAT OUR CLIENTS SAY
I refer procedures to specialists due to their expertise. Having CARR handle my lease extension was much the same.
Cynthia O’Dowd, DDS
Cynthia O’Dowd Dentistry