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News

21 Nov
New lease on corporate life begins with the right team

In our last newsletter, we touched on the role of the company director in commercial leasing.  Property and office accommodation costs are typically the second biggest company expense after payroll. We suggested that directors engage professional consultants to secure the best leasing deal and to advise how to best minimise relocation costs.
 
It is essential that companies have a clear strategy on how to secure and fit out a new office and that they enhance success by engaging proven talent to deliver on that strategy.
 
A winning strategy includes:

  • Identify the need (for new premises)
  • Select the right location and commercial premises
  • Negotiate the best commercial terms
  • Reflect those terms in the lease document
  • Maximise office space with the right layout design and fit out
  • Plan the relocation “migration” to minimise the impact on the company’s operations; and
  • Establish processes to ensure the lease is competently administered throughout its term. 

 
You may need assistance from a wide range of property professionals including town planners, architects and interior designers, building and services engineers, commercial tenant advocates, commercial solicitors and project managers. We can help you assemble the right team and ensure that you get the best outcome.
 
Make sure your professionals are well and truly on board to handle the lease negotiations with the building owners or their agents. Or you could find yourself falling into one of the eight common lease traps for corporate tenants. Read on. 

 

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