Question?

How far ahead of your lease expiration or new premises lease commencement date should you start searching for or negotiating with your current landlord? Answer: Begin the process early. This provides you with negotiating leverage. Depending on the complexity of your requirement, start at least 9-12 months prior to your lease ending date. Researching the alternatives can take 3 months, negotiating a lease can take 2 months, and constructing new improvements at another location can take 3 months. Also, allow additional time for unexpected delays in the leasing process.