Austin office space lease and leasing negotiations
There are many provisions in an office space lease and leasing negotiations which are included in a lease document. Does your business relies on foot traffic? It is possible have some negotiations on vacancy protection for your Austin office space lease. Services such as insurance, accounting , medical , chiropractic are geared to foot traffic , so before you pick a location, ask yourself what would happen if some of the tenants next to you in a multiple tenant property were not there?
There are some basic provisions to review within an office space lease.
1. You want to look at the language around the HVAC. Make sure you understand if you are in a standalone office space lease and leasing negotiations who is responsible for keeping the HVAC in working order? Make sure you ask the landlord to verify and inspect the HVAC unit or units to make sure they are in working order. Keep in mind a typical HVAC system is going to last anywhere from 15-20 years depending on how hard it is worked. Let’s face it , in the middle of the summer in Austin it is pretty darn hot so that HVAC is going to be working pretty hard. It is also possible to ask the landlord when you negotiating an Austin office space lease if the landlord will warrant the operation of the HVAC unit for a period of time.
In general, you as a tenant for your Austin office space lease and lease negotiations are going to be responsible for the lighting and maintaining the HVAC unit within the office space. Another important piece of your Austin office space lease and lease negotiations is parking, you want to make sure that the parking ratios fit your direct requirements. If you have an office space lease located in a downtown or CBD area, expect to pay for covered parking or any parking. Is parking negotiable? It should be and your commercial real estate broker should be able to shed some light on what is possible for you.
During the investigation stage, you may be able to find parking incentives for your office space lease and leasing negotiations.
Also with an office space lease and leasing negotiations is signage, where is your signage or information going to be displayed? If you move into a standalone office space then you need to understand what is allowed? Can you use an existing pylon sign, what are the restrictions?
Make sure during an Austin office space lease and lease negotiation, there is a relocation or moving provision within your office lease. There are going to be standard costs involved with your office space lease, to include phone, internet, fax line, and stationary costs incurred by you for your office lease. Are your moving costs are covered by the landlord. It is also important to make sure that you are placed into a similar office space for lease.