Do you stay? Do you go?
As the lease expiry date approaches a business will be considering their next move. Perhaps the business is outgrowing the current space and needs to contemplate moving to a different location. Maybe it's hoping to stay in the existing site and renew the lease, but on better terms.Our lease renewal procedure will ensure that you make an informed, cost saving, decision.
Arming businesses with data driven information to make informed, cost saving, decisions about their next move.
There are several factors to consider when making a decision to renew your lease or relocate to another site. We look at all elements of the market - from the current economic conditions including rent and vacancy rates, the cost of satisfying make-good obligations under your existing lease and whether the current space will support future business growth.
Review our four step process below. It's simple. It's logical. Most importantly, it saves our clients time and money.
We source and analyse the best alternative leasing options. At this stage, we carry out a process which replicates our site selection process. These steps are inclusive of briefing the market of your property requirements, sourcing off-market properties and reviewing submissions from Landlords and their agents.
Negotiate Key Terms
Simultaneously to carrying out the site selection process for alternative locations, we negotiate the key terms of a potential lease renewal with the existing Landlord. The key terms will capture the current market conditions, as well as implementing other cost saving amendments we identified during the lease audit.
We prepare a detailed comparison and cost vs benefit analysis so that the business can make a data drive decision based on real-time lease offers and market insight.