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Squarefoot

Commercial Real Estate On Purpose

Intelligent Commercial and Industrial Leasing for Businesses

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Leases, like any agreement, require good communication and fairness.

Squarefoots experience has proven to be equally effective when working with Landlords or Tenants.

Leases serve both Landlords and Tenants:

  1. A lease is part of the foundation a business needs to operate; it provides stability in expense and location.
  2. A lease is the financial covenant Landlords makes to lending institutions to demonstrate how they will repay debt to develop and operate the building.

The basis of a good lease is respecting each other’s needs and obligations within the Tenant/Landlord relationship.

Mintent’s team recently and suddenly grew, changing our office space requirements very quickly. With a limited amount of time to dedicate to searching for a new office, we reached out to Squarefoot. Shannon and Linda efficiently compiled a roster of potential spaces for us based on our requirements. They took the guesswork out of the entire process and negotiated strongly on our behalf. Squarefoot helped us seal our deal within a week. I highly recommend them. Their market knowledge is superb!

KRISTA LARIVIERE
Get Mintent

TENANT REPRESENTATION

Mintent

Serving Landlords

To attract and retain good Tenants, we work with our clients to decide on several key items that will encourage the best-fitting businesses to accommodate in their buildings.

Together, we consider several questions and scenarios – some which may be negotiable for the right Tenant and some that may be non-negotiable. We create an offering and marketing plan that will align with our Landlords’ assets and, if in a multi-unit building, their current tenant mix as well.

Considerations when looking for a Tenant:

  1. What term of lease is required?
  2. Do you have your own offer forms and credit application?
  3. Are you offering any incentives, i.e. free rent, leasehold improvement allowance – assuming O.A.C.
  4. Do you have restrictive covenants (with the land, building, zoning or other tenants) that we need to honour?
  5. What are your expectations on the ‘repair & replace’ of interior fixtures?
  6. Are there janitational services included in the lease?

Serving Tenants

A lease is a contract between a Tenant and Landlord. All terms that are vital to a business need to be put in writing. Verbal agreements will not stand up when there is a change of heart, financial circumstances, or ownership. We help our clients choose the space and Landlord that are the best fit for their business and operational needs.

Considerations when preparing to sign a lease:

  1. Where are you in your business cycle -- start up, growth/expansion, or looking to sell in the near future?
  2. What is the size requirement, including offices, storage, warehouse, retail and outside storage?
  3. What parking is required staff and customers?
  4. What zoning is appropriate for your use?
  5. Do you require specialized leasehold improvements?
  6. Do you need to be on a bus route?
  7. Office users – Open Concept, Cubicle or Private offices?

Contact us to set up a meeting today.