Negotiating the Major Office LeaseJuly 2008
Negotiating a major office lease follows the same basic format as negotiating a typical office lease but, just as flying a jumbo jet is inherently the same as flying a two engine prop plane, in many respects that is where the similarities end. When a large tenant seeks to occupy a substantial portion of a large office building, the leasing exercise by its very nature becomes significantly more complex and time consuming and the consequences impact more people and more dollars. Beyond utilizing a comprehensive checklist of items in evaluating any lease, even otherwise routine issues take on a more significant role since the stakes for both the landlord and the tenant are far greater.
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