In its most simplest sense, a lease is an agreement between two parties where the lessor, being the legal owner of the asset provides a tenant with the right to use the asset in return for regular rental payments.
Searching for and finding the “best fit” tenant for your expanding portfolio can be a daunting and time-consuming journey.
Once you’ve found such a tenant and are able to agree on price and other general terms, it is easy to forget that the final step in the process could be one of the most important: effectively negotiating and communicating the specific terms of your lease.
Ultimately, any leasing agreement represents a major investment of money- and trust- between both parties. At our offices, our mantra is to seek a “win-win” approach as much as possible by effectively seeking out the interests of all parties before entering into such an important commitment. With this strategy, it is the best way of reducing any risks between yourselves during the lease term.