Negotiating a commercial lease renewal in San Diego is an excellent opportunity to provide increased services and additional profitability for your business. California commercial leases have become much more complex over the past several years. The ingredients of a successful commercial lease is much more than the amount of your monthly rent. A commercial lease spells out the specific rights and responsibilities of each party.
It may appear that present conditions in San Diego strengthen the position of the commercial landlord. The fact is the experienced commercial lease and real estate attorneys at the Watkins Firm can add power to your side of the transaction while achieving important concessions and agreements which increase the value you receive from your commercial lease.
Central issues such as the amount of monthly rent, annual increases and services included within the agreement must be thoroughly addressed. For example, what exposure (if any) do you as the lessor have in the event of fire or other damage to the premises? Are you responsible for maintenance of your offices or upkeep of Common Areas and associated Common Area Maintenance (CAM) expenses?
One of the most common forms of leases in San Diego is known as a “Triple Net Lease” or an “NNN” lease. These leases pass most or all of the property expenses on to you as a tenant. It may be possible to negotiate a “Modified Gross Lease” where specific expenses are assigned to each party or shared between your company and the landlord.
What access do you have within your office space or outside of your own offices to amenities such as rest rooms, kitchen and break areas and even dedicated parking spaces?
When negotiating a commercial lease renewal in San Diego it is possible to work with the Watkins Firm to strengthen your hand and negotiate a long-term commercial lease which provides more benefit and value to your company. We invite you to contact the Watkins Firm or call 858-535-1511 for a free consultation. Learn more about how we can help your business and increase the strength of your position in this crucial negotiation.