There is no need to wait until the end of your office space lease to negotiate new terms!
Contrary to what many tenants think, you do not have to wait for the end of your office lease to renegotiate the terms and rent. You can actually do this prior to any termination option, even if you do not wish to move.
Not only are office rent prices & conditions affected by the economic climate, but the annual indexation of rental prices in Belgium often increases the difference with reality considerably.
Costs and taxes can also add up significantly. A cursory audit will already reveal an incorrect allocation key or unjustly charged owner fees.
What do you need to know to successfully renegotiate a lease?
You should of course keep a close eye on the notice period and preferably make the necessary preparations for a a year before the break-date.
When negotiating a lease, the odds are often against the tenant because the landlord knows the market and its potential. Do not underestimate the commercial skills of these professionals. It is therefore essential to be assisted by a professional who knows perfectly the market conditions, the opportunities and the landlords' expectations.
You can put different priorities first. Do you want more flexibility in terms of contract duration? Do you wish to get the rent down? Optimization of your workplace? It is important to list your needs in advance and prioritize.
Transparency cannot be taken for granted. A lot of brokerage firms have conflicting interests. So choose an independent commercial real estate agent with regional knowledge without a conflict of interest with the owners. An advisor who also knows the opportunities and not just the exclusive mandates of the brokers!
Pay attention to the underlying clauses related to common expenses.You can avoid unpleasant surprises thanks to good market knowledge and lease agreements.
Contact us to increase the chances of successfully renegotiating your lease agreement.