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Commercial Lease Negotiation Specialists | Tenant Only Representation

Leases
A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.

Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid.
Lease Amendments
Once a lease has been signed, you can usually change its terms only if the landlord and tenant agree and sign a written amendment. The amendment, together with the lease, then constitutes the final, complete and exclusive statement of the agreement between the parties regarding the subject matter and supersedes any and all prior and contemporaneous understandings or agreements of the parties.

The amendment usually provides that it may be supplemented, amended or modified only by the mutual agreement of the parties by stating that no supplement, modification or amendment of the amendment shall be binding unless it is in writing and signed by both parties. A common amendment to a lease is a change in rent.
Lease Renewals
Tenant may only renew the lease with the consent of the landlord. If a lease contains an automatic renewal clause, the landlord must typically give the tenant advance notice of the existence of this clause tenant is required to notify the landlord of an intention not to renew the lease. A lease renewal may be negotiated with different terms from the current lease.

Local laws vary, so it’s advisable to consult an attorney for applicable law in your area.
Request for Proposal (RFP)
Publication of detailed requirements by a prospective buyer or Lessee in order to receive vendor offerings.
Letters of Intent (LOI)
A letter of intent describes the details of a real estate transaction before it is finalized. A letter of intent is a non-binding agreement stating two or more parties' desire to enter into a real estate transaction, such as a sale or lease. The letter provides an outline of the proposed transaction so the parties can negotiate before committing to a contract.

If any party is not satisfied with the terms, he can propose a counteroffer. If the counteroffer is accepted, the letter of intent is revised and reviewed again by all interested parties. Any party can decide against the deal at any time before the final sale contract or lease is signed.

Let a professional tenant representative negotiate your lease or lease renewal and save you money.
Contact us today to schedule your free consultation 1-800-986-9201