Top 12 Mistakes Tenants Make When Leasing Space (part 6 of 12)
#6 Most Common Mistake
Limiting Future Flexibility
How fast is your business going to grow? Will it be necessary to expand or downsize? Tenants need as much flexibility as possible to remain relevant in business. Failure to anticipate potential changes in the amount of space required can lead to bottomline disasters that could have been prevented. Negotiating certain provisions in a lease allowing cancellation or modification are critical.