Check Your Understanding: A Tenant’s Guide to Space Searches and Moving

If your lease is expiring in roughly nine (9) to twelve (12) months (or less) and you have no intention to renew, you should believe that it’s too early to start looking for new space that is suitable for your business and financial needs.

If you are a retail tenant, the tenant advisor you select should be cognizant of every location in the market with good retail mixes and appropriate foot traffic and have the perfect blend of demographics suitable to your business.   

When the construction is deemed “substantially completed” by either the landlord or tenant’s contractor, tenants should arrange an inspection of the space and make sure that only minor punch list items (e.g., those which do not impact the tenant’s ability to move in and enjoy the space but for minor inconvenience) which the contractor cannot complete within 30 days remain.