Three Common Lease Renewal Mistakes

Three Common Lease Renewal Mistakes

Lease renewals seem simple. They are not. Common mistakes: Waiting too long to start negotiations. Accepting the first offer without testing the market. Assuming staying is automatically cheaper than moving. From my experience, early strategy creates options. Options create leverage. If your lease expires within two years, planning should already be underway.

/ Commercial Real Estate

About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.