“Relocation = Exhaustion”
Isn’t it the first thought that crossed your mind when your employees suggested you relocating the company? Well, we won’t blame you. Relocation is indeed very exhausting. However, it is also immensely crucial from an entrepreneur’s perspective, a.k.a. “You.”
Correct us if we are wrong, but expanding your business has been your goal ever since its beginning. After years of hard work and undivided attention, you were able to achieve your goal.
Yes! You have finally done it! You have successfully searched for a perfect location and commercial space for your company and signed your lease after a successful negotiation. But now what?
Do you think that now you have the keys to your new office, everything is over? If yes, then our dear reader, you are not correct. In fact, now that you have occupied your desired property, you need to handle the post-occupancy phase. How? Well, that’s what we are here for.
To learn- How? Keep on scrolling!
Understand the changes in the premises.
You might think that after shirting to the new premises and settling everything in the office, you can get back to work. But can you? The practical answer is “Yes, but.” Why “But?” It’s because now there is an addition to your work: you need to keep an eye on the changes being made in the premises.
You need to check the physical condition of the premises after regular intervals. This inspection is necessary so that you know about the prevailing issues of the building. And also to check if the clauses written on the lease agreement are true or not. If not, then you can complain about the issues to your landlord. It might also help you in negotiating the price of the lease. Thus, you must inspect the premises frequently.
“Reading before signing” is a crucial rule that you must follow while getting involved in the documentation process. It helps you understand what will happen in a particular situation.
However, even if you do read the documents, it isn’t necessary that you remember everything you read. And such a situation creates “avoidable” challenges. That’s why the professionals at The Genau Group suggest taking the help of tenant representation services. As they will always keep you updated with the changes written in the lease agreement.
That’s not it!
They will also ensure that everything is happening as per the lease agreement so that the landlord doesn’t take advantage of your incomplete knowledge and you don’t pay more than the required amount.
It isn’t surprising that you have to renew your lease contact after some time. That means you have to go through the whole process of negotiation and legal knowledge all over again. To ensure that this process goes smoothly, you need to keep an eye on the market data and rental rate trends.
In addition to this, you should also get legal advice to take full advantage of the renewal process.
To sum it all up!
You must keep in mind that anything that involves dealing with real estate and lease is never easy. You need to stay alert and also updated with the changes happening around you and the market. Only with accurate information and observations, you’ll be able to handle the post-occupancy phase.