Lease Negotiation Services
This is where we shine!
During these very trying times for retail tenants, landlords and franchisees, we want to make the lease negotiation process as easy and comfortable for the client as can be. Retail leases are complex, lengthy and very detailed and require a comprehensive and thorough review so that all terms and conditions of the proposed lease are in line with the client’s offer to lease or letter of intent (LOI). We will also ensure that no new negative terms or conditions have been introduced in the proposed new lease.
Deborah and Bill have worked together for over 35 years for some of the largest shopping center developers in the country and have done literally thousands of retail leases in all types of settings, be it a shopping center, enclosed mall, strip center, stand-alone building or lifestyle center. Our clients can rest assured knowing that the new proposed lease will be thoroughly reviewed and negotiated by a very seasoned and respected legal professional, Deborah Metzger, who will only have the client’s best interests at heart. It takes a very experienced legal professional to notice and correct very subtle issues in a retail lease that could negatively affect a client’s business. Our clients will also have access to Bill Rowe, our experienced and highly respected retail construction Project Manager who can oversee any construction issues in connection with the client’s proposed new lease from the work letter and letter of intent (LOI) stage to architect selection, plan review, permitting, bidding, contractor selection and construction.
Our team includes an experienced and highly respected leasing professional with over 35 years of leasing experience who can advise on the terms of the client’s letter of intent (LOI) as well as rental and other economic terms contained in the client’s proposed new lease to make sure that all economic terms are in line with the market in which the client’s business will be located.
We are very experienced in legal, lease and construction issues relating to franchisees. We will guide the client through the entire process from where the client is now until the date the client opens for business. We will ensure that the terms and conditions of the client’s new lease are explained in a clear and non-intimidating way, and are in line with the client’s understanding and expectations. We will also make sure that the client is made fully aware of all essential terms and provisions, as well as any risks contained in the proposed new lease. This allows the client to make the best decisions for its business.
New Leases
Depending on what stage of the lease negotiation process the client is at, we will begin with a thorough analysis of the offer to lease or letter of intent (LOI), or if the case may be, the proposed new lease as well, and will discuss all terms and conditions with the client prior to offering our recommendations and realistic expectations. If we are negotiating a new lease on behalf of a retail tenant, then at tenant’s option, we will approach the landlord or landlord’s representative to negotiate the terms and conditions of the tenant’s proposed new lease, keeping the tenant advised every step of the way as we progress through the lease negotiation process. Upon full execution of the client’s new lease, we will provide the client with a fully executed copy and a professional report containing an itemized list of our professional activity on the client’s behalf.
Renewals
Renewing or extending a retail lease can be a very stressful time for retail tenants especially during these trying times. The tenant may want to stay in its same space but needs the terms of its renewal lease to be in line with its business. We will begin with a thorough and comprehensive review of the tenant’s existing lease, any pre-negotiated business terms, and any renewal lease or extension agreement that may have already been drafted. We will offer our analysis, recommendations and realistic expectations upon completion of our review. We will then proceed to negotiate the terms and conditions of the tenant’s renewal lease or extension agreement, as the case may be, keeping the tenant advised every step of the way as we progress through the lease negotiation process. Upon full execution of the tenant’s renewal lease or extension agreement, we will provide the tenant with a fully executed copy as well as a professional report containing an itemized list of our professional activity on the tenant’s behalf.
Landlords
For retail landlords, we can handle the negotiation of your leases providing you with the same expert lease negotiation and construction services we provide to retail tenants. Having worked for some of the largest developers in the country, we are the perfect advisors for you as well!
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Do you need help negotiating an amendment to lease, termination agreement, assignment of lease or any other document that changes the terms of your lease? We are here to assist you in negotiating an agreement that clearly reflects the terms and conditions you have previously agreed to with the same expert advice we offer for lease negotiation services. Our comprehensive review will provide you with a thorough analysis of the document along with a summary of the terms and conditions contained therein to enable you to clearly understand all terms and conditions of the document to make the best decisions for your business. We will explain our findings to you in a non-intimidating and least complex way so that you can fully understand what each provision, term or condition contained in the document really means so that you can plan accordingly.
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Do you need help understanding any terms or provisions of your current lease or other previously executed documents related to your lease? Understanding key provisions, such as exclusives, co-tenancies, renewal options, termination rights, etc. in your lease or any other related documents is critically important to running a successful business. Knowing the possible operational and financial risks that could arise with important business provisions such as these is of paramount importance. Have you received an estoppel certificate or other ancillary document from your landlord that you would like help interpreting so that you know best how to proceed, including if you should in fact sign any such document, we are here for you. Our comprehensive review will provide you with a thorough analysis of your lease, document or particular provision in question, along with a summary of the terms and conditions contained therein. We will explain our findings to you in a non-intimidating and least complex way so that you can fully understand what each provision, term or condition contained in your lease or other related document means so that you can plan accordingly.