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Checklist: Signing a Lease
Signing a lease is an important -- and expensive -- proposition, and you can't afford to enter into one lightly. This checklist outlines the issues you must consider before signing a lease for office space.
- Amount of space, both actual and usable
- Permitted uses of the premises
- Primary lease term; length and start and end dates
- Rent amount, including increases and schedules
- Common area maintenance, HVAC, and operating costs
- Tenant improvement considerations
- Repair and replacement considerations
- Utilities
- Assignment and subletting
- Indemnity and disclaimers
- Lease default considerations
- Landlord’s warranties
- Option to renew
- Right of first refusal or first offer for additional space
- Security deposit
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