Lease Enhancement

Lease Enhancement

Q: We are planning to lease a larger manufacturing facility on Long Island. Our broker says the landlord is going to require “lease enhancement”. What does this mean, and how should it be negotiated? A: Lease enhancement refers to a means of providing additional...
Lease Options

Lease Options

When a company is negotiating a long-term lease for a new manufacturing facility, it is important to know what an option is and how it can affect the negotiations of a lease. The definition of an option is a provision in an agreement that gives one party the right,...
Lease Options

Picking the Right Lease Term

Q: What do you recommend as the right lease term for an office lease? A: This is highly dependent on your objectives and the nature of your company. So, let’s start with some of the advantages and disadvantages of short and long terms for a lease. One of the major...
Property Sparkle On A Budget

Property Sparkle On A Budget

Q:   I have a building for lease. I want to make the property attractive for a tenant but have a limited budget. Where do I start? A:  When marketing commercial real estate, there are three major concerns that you should address with respect to property...
Seven Steps for Maximizing Economic Benefits

Seven Steps for Maximizing Economic Benefits

Q: Our company is a thirty-year-old engineering and production company and we definitely need to expand in the next couple of years. As we consider our real estate needs, we are also trying to understand all the economic programs that may be available to us.  Can...
Reviewing the Proposed Lease – Twice!

Reviewing the Proposed Lease – Twice!

Q:   We have found the right office space and will be receiving a proposed lease from the landlord.  Obviously, we will have attorney review the lease.  Is there anything else we should do to negotiate the lease? A:   If you are a tenant,...