COMMERCIAL LEASING CHECKLIST The Space （商业租赁清单空间）.pdf

COMMERCIAL LEASING CHECKLIST (Office Lease – Tenant Oriented) The following checklist addresses many common issues which arise in negotiating an office lease. Retail and industrial leases trigger many of the same concerns, plus additional ones unique to the proposed use. For many companies, their leasing obligations are their largest financial commitments, so it is highly recommended than the company have its leases reviewed by an attorney with relevant experience. WHAT IS BEING LEASED? Are the Premises described in sufficient detail so that a stranger could find the space? Is the square footage correct? Does the load or loss factor make sense? Is the floor plan accurate? Does it include any extraneous equipment rooms, corridors, vertical penetrations or other areas? What is the project? Is it a multi-building and/or multi-use project? Are all the buildings in place or are they being constructed in phases? If so, how will changes affect operating expenses and taxes? Is there a mechanism for measuring the space? Tenants prefer the following provision: The parties hereby agree that the actual rentable areas of the Premises and the Building have been determined by Landlord’s architect in accordance with the rentable standards set forth in ANSI/BOMA Z65.1-1996, as promulgated by the Building Owners and Managers Association (“BOMA Standard”). Tenant’s architect shall calculate and certify in writing to Landlord and Tenant the rentable square footage of the Premises. If Tenant’s architect determines that the rentable square footage of the Premises is different from that stated in this Lease, any provision which is based on rentable square foot