As an office-based business in Sydney, there may come a time when you need to re-negotiate your commercial lease throughout your tenancy.
However, due to the issues we’re facing with the COVID-19 pandemic and associated restrictions, businesses are seeing an increased need to re-negotiate.
Whether that’s due to needing to reduce your existing office space in the same premises (such as re-negotiating to one floor instead of two) due to downsizing or a larger number of remote staff, we can help.
Niche Tenant Advisory helps you gain leverage with your current landlord by conducting a thorough process involving market exploration and comparison. This ensures that you are getting the best deal possible on your lease renewal.
We negotiate hard on your behalf with your current lessor on cost and lease terms to ensure you not only receive the best value for money, but to also protect you against any surprises when your lease expires.
Here’s a brief rundown of our process.
Open a Dialogue Early
The most important aspect of any negotiation process is open communication.
Therefore, it’s imperative that a dialogue is opened early on in the process; when the time comes to re-negotiate your commercial lease, contact your agent or landlord right away.
This helps to minimise the risk of any miscommunication or ill feeling between either party, which can hinder the process down the track.
Moreover, poor communication can cost you money and affect the lease terms when it comes to signing off on a new Sydney commercial lease agreement.
Market Exploration and Comparison
When re-negotiating a lease, it’s essential to have a backup plan. Therefore, exploring the market is always of the utmost importance.
At Niche Tenant Advisory, we’ll help you do your homework and shop around. This means we can gauge the market for the best deals available.
That stops you from paying overs for your new lease, and gives you leverage when it comes to the actual negotiation process.
We’ll Negotiate for You
It’s essential to have an experienced Sydney tenant advisor on your side during the commercial lease re-negotiation process.
Thankfully, at Niche Tenant Advisory, we handle the negotiation process for you. That means we’ll deal with your landlords and leasing agent directly.
With years of experience, market intelligence and a large amount of research behind us, we know exactly how to negotiate to get the best deal for your business.
For assistance with your Sydney commercial lease re-negotiation, get in touch with Niche Tenant Advisory here.