Certain “events” may constitute a default of your lease. As a tenant, you should expect these clauses to cover financial distress and avoid any impact when your company is perfectly healthy. For example, when you move out for a more spacious area next door and are trying to sublease your old office, it should not be defined as abandonment as long as you continue to pay rent.
To compete in today’s business environment, corporate tenants must demand more from their commercial lease. After all, real estate often represents a company’s second greatest expense after personnel costs.
Now more than ever, a commercial lease must be more than just a liability on the balance sheet. It should be nothing less than a flexible, powerful asset, tailor-made for a business.
At Choyce Peterson, we make this goal a reality for corporate tenants nationally, with a local focus on Fairfield and Westchester counties.
Choyce Peterson delivers unique tenant brokerage services, providing corporate tenants with a competitive advantage in the search, negotiation and administration of their real estate needs.
Now more than ever, deep knowledge of a local market is essential to success for building owners, investors and landlords.
Choyce Peterson provides building owners, investors and landlords with a distinct alternative to local branch offices of distant headquartered national chains. The same access to key market data combined with a unique, in-depth knowledge of the area; a firm with roots not branches.