Joe Rosati · Lennard
Lease renewals & relocation
A lease expiry is a chance to reassess your space. We help you compare staying with relocating before time pressure starts making the decision for you.
Start with the dates and the operation.
Review your current lease with counsel to establish relevant notices and commitments. At the same time, assess whether the facility still supports your staffing, storage, production, and growth plans.
Compare the full cost of each path.
Relocation can involve fit-out, equipment moves, downtime, and overlapping occupancy. A renewal can involve compromises in layout or capacity. We build a property comparison that makes these trade-offs visible.
Create a coordinated transition.
If a move is the right choice, the real estate timeline needs to align with construction, equipment, and business continuity. We help coordinate the property process with the professionals responsible for the physical transition.
Make the current compromises visible
Ask the operating team where the facility slows the business down. Separate issues that could be resolved within the premises from those that require a different building. This creates a practical basis for discussing a renewal, an alteration, or a relocation rather than assuming the next term should repeat the current one.
Keep the move in the comparison
A relocation involves work before and after possession. Identify equipment transfers, installation, inventory movement, and the people responsible for each. Compare that effort with what would be required to remain. Use a coordinated plan so the property decision reflects the continuity of the business.
Before we begin
A few good
questions.
When should we start discussing a renewal?+
Start early enough to review your agreement with counsel and explore alternatives before relevant decisions or notices are due. The appropriate lead time depends on the lease and the complexity of a possible move.
Can we explore alternatives while considering renewal?+
Yes. A realistic alternative helps your team compare the operational fit and transition requirements of staying and moving.
What if our business has outgrown only part of the facility?+
Identify the constrained activity first. A different layout, additional premises, or a relocation may warrant comparison depending on the operation and available options.
Your next move
Let’s talk
about what’s next.
A new facility. A better lease. A different direction.
Start with a conversation about your business.