Wichita Real Estate City

Wichita Leasing Information - A Tenant's Perspective

In today's uncertain and volatile commercial real estate markets, it is essential that a tenant protect its interests throughout the term of the lease by negotiating a tenant-oriented lease document.

The Six Step Approach
Step 1: Analyze Requirements
Step 2: Analyze the Market
Step 3: Identify Opportunities
Step 4: Goals and Objectives
Step 5: Develop Strategy
Step 6: Execute Strategy

Key Issues in a Lease
A Tenant's Perspective
Non-Disturbance
Non-Disturbance and Memorandum of Lease
Tenant's Rights to Make Repairs
Assignment and Subletting
Abatement of Rent When Tenant Is Prevented from Using Premises
Quality of Construction-Standard for Maintenance, Repairs & Operations
Definition of Fair Market Rental Rate
Default by Tenant
Operating Costs, Taxes & Utilities
Tenant's Indemnification
Administration Fee

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