Is your office space lease up for renewal? If so, you most likely have a Renewal Deadline to provide your Landlord if you will be renewing your lease. Should you renew your lease? Or relocate your office? Now that is the question. Before you make your decision, avoid these three traps if you want to reduce your financial risk, maximize your monthly rent and providing the most long term flexibility for your company.
Continue reading “Your Map To Avoiding Hidden Traps When Renewing Your Office Space Lease” »
What you need to know – Landlords use the Operating Expense Reconciliation to, well, reconcile the difference between the money they projected you would pay as part of the Common Area Maintenance (CAM) fees and what you actually paid and owe them for that space for the year. Of course, landlords don’t go around waving a sign, reminding you of how much they need from you and what you’ll be paying to help upkeep the building during your lease so it’s crucial that you stay on top of tracking these expenses.