Suburban business owners who are looking for that ideal office space often find what they are looking for in an office setting. However, there are certain times when the space may not be exactly what the office tenant needs in an office. Fortunately, landlords will usually allow specific improvements to take place so that the office tenant is 100% satisfied with the office space end result. Here is what to expect in tenant improvements in suburban office space:
Landlords May Not Allow Every Desired Tenant Improvement
When you want to add certain amenities and additions to a leased office, you may know exactly what you want. Keep in mind, however, that your landlord may not allow every type of tenant improvement in their premises. After all, the landlord still owns the building and you are simply leasing it for awhile. Therefore, it is reasonable that there will be certain improvements which won't be allowed. Make sure that you thoroughly discuss these changes with your landlord and have the results of the conversation in writing so that there is no miscommunication along the way.
Tenant Improvements Can Be Pricey
Depending on what type of work you wish to complete, the end result can be costly. You should decide upfront what type of construction you want to make and be sure that you will be able to afford the improvements. Some landlords will pay for construction while others will allow such improvements but have the cost be the responsibility of the tenant alone.
Certain Leases Will Accommodate for Tenant Improvements
For the lucky office space tenants, there may be a clause within the office lease which states that the landlord will pay for certain tenant improvements. This will allow the tenant to get what they want out of the space and not have to pay the cost for doing so. A good tenant representative will be able to negotiate with the landlord and have them add this desirable clause into the final lease.
Pre-Existing Condition Clauses May Exist
For those office tenants in the suburbs who complete tenant improvements, they may need to ultimately return the leased premises to its pre-existing condition once their lease is up. These pre-existing condition clauses in the lease safeguard the landlord and ensure that the property will look exactly as it did prior to the tenant improvements. This is always something which the tenant must consider before making big changes to the leased premises since returning the structure to its prior state may be costly in the end.
Tenant improvement clauses are beneficial for suburban office tenants who want to make changes to the property. The tenant should see if the landlord will pay for such changes and whether they will have to return the property to its former state once their lease term is up. All of these things should be clearly outlined in the lease for the benefit of all parties involved in the Clifton Park office leasing agreement.