Lack of Details Causes Too Much Rent to Be Paid
Landlord inflexibility on factors including current occupancy rates in their building, competition, lease length, tenant's use, parking requirements, financial strength of tenant, etc.
Not obtaining accurate and current market research of competitive rates and not using industry specific rent rate guidelines may result in paying too high of rental rate.
Negotiations are especially important with lease renewals, since Landlords are most competitive when the space is placed on the open market.
Lack of Attention to Future Flexibility for Business Change
Growth, downsize, rightsize, outdated technology or even a new partner or merger can result undue rent cost. Tenant's need as much flexibility as possible.
Experienced professionals can help construct language to allow modifications of the lease under specific circumstances. Even to include available up-to-date technology.
Lack of Understanding of the Financial Condition of the Landlord/Owner
In today's business climate, a Tenant never knows when the facility will be forced to be sold or have new ownership. When ownership changes, the old saying "A new broom sweeps clean" may apply which can mean rent rates and other items change on demand. Tenant beware!!