Office leasing

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Leasing an office

Office leasing is a major commitment for most tenants. A tenant leases office space only a few times in his/her business life, but landlords lease space time and time again. This is one reason why you should find a knowledgeable commercial real estate broker who will offer you special assistance in finding the office that will fit your needs and budget. A reputable real estate agent will be able to help you find the right
office space and obtain the best deal possible, as well as help you to avoid some
costly mistakes.The cost of leasing office space will not only affect your bottom line,
it can also effect employee satisfaction and performance, as well as your company's growth and image.

One clause in the actual lease that seems to cause some confusion is the Lease Insurance Clause. It may benefit the tenant to have his/her insurance agent read the clause before signing the lease. Once your insurance agent has read the clause and you have your insurance in effect, there is one thing most tenants forget. The lease most likely requires you to name both the landlord and their "agents" (such as the property manager) as an "additional insured". Then the tenant should send a copy of the insurance certificate to the property manager's office. If the tenant fails to do this, he may be in default according to the terms of the lease. Therefore, it is important to check both your lease and your insurance policy.





 


 


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