Extra Profit From Commercial Leases
The Key Is a
all companies grow, shrink or diversify over time. So they
need more, less, or different types of space.
If you negotiate your office rental agreement effectively,
youíll save the cost of relocating every time your company
changes size or direction. For that matter, you can use your
lease to generate extra income.
Thatís why itís a good idea to periodically audit all
leases, including those of your company's branches or
divisions. Check for modifications you might need when itís
time to renew the contracts.
Here are some
When you renew your lease, ask the landlord
to provide extra improvements or several months free rent,
in the same way a new tenant is provided with extra
benefits. This makes good sense in markets where office
space is plentiful.
If your company is growing, calculate the
growth rate, then rent enough space to accommodate future
expansion. Negotiate a clause that allows you to sublet the
space you arenít using yet or rent out space periodically
for a one-time fee.
For that matter, check your offices once a
year for efficient use of space. For instance, you might be
able to consolidate staff and equipment. Then you can allow
your customers to use any space you have left over for
seminars or employee training in return for a fee.
Always measure your floor space to ensure
that you're getting the full amount of space provided by the