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Get connected to leasing resources including tips, tools and strategies.
Negotiating a good commercial lease is essential to the successful operations of nonprofit. It is important to be familiar with common lease terms (pdf) and the types of commercial leases (pdf) available.
The current economic climate presents a new set of challenges for companies leasing office space. Besides deciding on location and lease terms, tenants must now consider the financial stability of the landlord. Reading leasing tips (pdf) and reviewing sample rules & regulations (pdf) will allow organizations to familiarize themselves with the process. Leasing information specific to San Francisco is available to help tenants better understand smart leasing in the city.
Lease negotiations often take much longer then expected. It is common for organizations to submit a Letter of Intent to Lease (pdf) while the negotiations are taking place. Often landlords will have their own lease agreements but it is important to read a sample agreement (Word) and a sample sublease agreement (Word) in order to familiarize yourself with the common lease terms. Before signing any legal documents, it is critical to consult an attorney.
At the onset of a search for office space a real estate broker will invariably want to know right away how much space will be needed by the prospective tenant. If you have been through this estimating the right amount of space required for a new facility can be tricky. Leasing too much space and cash flow can be hobbled by an excessive rent payment and under-utilized space, too little space and staffing growth will be limited. This may result in the need to relocate, prior to your lease expiration—potentially a very expensive exercise.
Looking for a Pro Bono Architect?
Before a nonprofit signs a lease it’s important to have an architect review the space to make sure is the right fit for your operations. Nonprofits may be eligible for pro bono design services through The 1% Program. You can request the kind of assistance your organization needs, whether you seek design sketches for capital campaigns or construction-ready drawings that you can use to apply for permits. Typical services include capital campaign materials, facility needs assessment, building and space identification, code and accessibility compliance, healthy and sustainable environments, interior design & brand integration, as well as facility renovation. Register your project online and The 1% Program will match you with an architect.
