Tuesday, May 30th, 2017
Understand Commercial Leases, Negotiations, and How You are Paid.
Facility research, property inspections and comparison analysis can usually be completed in a week or so by motivated companies already familiar with the local market. However, those tasks are only the tip of the “time drain” iceberg, and several commonly overlooked complications needing to be factored into the relocation timeline:*
Negotiations with the Landlord and preparation of the lease can take weeks,(even months).
Once the Lease is signed the interior usually needs to be finished or renovated, which can take one to two months.
Before renovations can begin, building permits need to be obtained which can take one to two months, and before permits can be obtained, architectural plans must be completed, and may take one to two months.
Completed build out could take 6 to 9 months.