Renew or Renegotiate Your Lease
Rather than relying on the advice from your current landlord, a commercial broker with O'Donnell Commercial Real Estate Inc. will provide you with the expert knowledge to benefit your bottom line. By knowing the rental rate and transaction details of competitive products, O'Donnell Commercial Real Estate Inc. can successfully negotiate for better lease rates and promotions, thus saving you money.
Once a landlord knows you are planning to stay in your current location, you automatically lose all negotiation powers and the landlord can easily take advantage of the situation. Therefore, it is important to seek out other options for the mere fact of showing your landlord he may not be “the only game in town.” The easiest way to do this is to hire an exclusive tenant representation broker, who will help you regain control of the situation and arm you with the knowledge to better leverage yourself.
In addition to our lease renewal and renegotiation services, we can also help you:
- Secure additional money for improvements to the rental space
- Expand or downsize
- Keep a low rental rate and cap operating expenses
- Resolve disputes with the landlord
- Lock in favorable terms for future expansion, renewals, or purchase options
- Reduce or remove security deposits and personal guarantees
No matter how strong your current relationship is with your landlord, their bottom line is to maximize their profits by getting the highest rent possible. Until you create competition for your business, by hiring a tenant representation broker, you’re at the will of your landlord and their terms.
Call us now to discuss your current lease and learn more
about the renegotiation or renewal process.