What to Watch for When Negotiating Commercial Office Leases

What to Watch for When Negotiating Commercial Office Leases

By: Jim Wilson and Steve Burman

Your association makes a big financial commitment when it enters into a lease agreement for office space. To get the best outcome, make sure you understand the legal and business issues you will need to negotiate with a potential landlord before you sign on the dotted line.

If your association is like many, the lease for your headquarters office may be the most important contract to which your organization is a party. Not only do most leases typically have a much longer term than other contracts, but the financial obligations also are likely among the largest in your budget. Also, since the lease governs your association's occupancy of its office, it can materially affect how you and your employees and visitors go about your daily business....