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If you have to live with a rent escalation clause, try to negotiate a predetermined fixed increase for example, a rent of $5,000 a month the first year that would only increase to $5,200 a month the second year and $5,400 a month the third year. Then, try to get a cap on the amount of each year’s increase. If your landlord insists on rent escalations, try to arrange for a CPI rent increase that does not kick in for at least the first two years of the term. Sometimes, landlords insist on annual increases based on the percentage increases in the Consumer Price Index (CPI). Fixed rent over longer-term leases is relatively rare.
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Some landlords will give free rent for the first month or two of a lease. RELATED: 9 Ways to Find Affordable Office Space to Support a Growing Team 3. Often, you are able to negotiate a “tenant improvement allowance,” which is an agreed sum of money that the landlord will provide for the improvements and alterations you want. Ask for a clause that says you can make alterations or improvements with the landlord’s consent and that the consent won’t be unreasonably withheld, delayed, or conditioned. Most form leases provide that the tenant can’t make any alterations or improvements without the landlord’s consent. Who pays for these improvements (a new paint job, new carpets, reconfiguring the space) depends on how tight the commercial office space market is in your city. Your new space may need some improvements or alterations. Try to negotiate a shorter-term lease with renewal options-a two-year lease with a two-year renewal option, for instance, rather than a four-year lease. However, your company’s needs may change and you may find yourself locked into a lease that is too small, too big, or with rent that is above-market if demand for space subsequently declines. Landlords are typically willing to make concessions for longer-term leases.