A lease does not have to be renegotiated at its termination. There are advantages to locking in rates and terms earlier.
Early recasting allows tenants to deal with immediate issues, such as a need to expand or to reduce space, or to improve their premises.
Depending on the situation, it may also be possible to reduce the remaining lease term, to reduce long-term rates or to restructure the lease agreement.
NKF Devencore can help you:
- Define your future needs and their potential evolution
- Understand and evaluate the opportunities that exist in the marketplace
- Assess your current landlord's overall situation
- Develop a strategic negotiating approach to ensure an advantageous transaction