Leasing Process
Having the right Tenant Representation throughout the leasing process will allow you to focus on your core business, while having the wrong Tenant Representation will take you away from what you do best. Here is our approach to make sure you have the right experience during your leasing process:
Phase I - Discovery of Requirements
- Interview Key Personnel
- Examine Current Lease / Existing Floor Plan
- Create a Space Program
- Determine a Target Geographical Location
- Determine Budget
Phase II - Identify / Qualify Alternatives
- Search the Market for Potential Locations
- Identify the Top Locations
- Tour Top Locations
Phase III - Undertake In-Depth R&D
- Determine Short List of Properties
- Engage Architect to Develop a Space Plan
- Develop a Request for Proposal (RFP) to send to Short List
- Receive Proposals from Landlords and Analyze Them
- Begin Estimating the Cost of the Improvements to the Space
Phase IV - Negotiate Terms & Conditions
- Develop a Letter of Intent (LOI) for Top Choice
- Agree to Terms
- Agree on Space Plan
- Negotiate Lease Terms with Attorney
- Determine Construction Schedule
Phase V - Execute Transaction
- Sign Lease Documents
- Monitor the Construction Process
- Final Walk Through
- Move In
Phase VI - Post Lease Support
- Create a Lease Abstract
- Provide Operating Expense Audits
- Help with Expansion Office Space, or to Dispose of Office Space during Lease Term
- Renewal Negotiations
Office Leasing Simplified
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Patrick Braswell
Assistant Vice President
Colliers International