Offer Sheet:

The exhaustive search for the space results in a collection of offer sheets: Offer Sheets are interesting documents. They provide the asking bid from the landlord. Similar to a listing sheet when buying a home, the offer sheet list: Location, Term (commercial usually a three or five first with renewal options for five or ten years) , size of the space, net rental whether it includes CAM (common area maintenance), Date of Possession, condition (as is, with some build out funds for tenant improvements), a preliminary restriction on signage, and the amount of security deposit. Everything on that sheet is negotiable…nothing, nothing is set in stone. The offer sheet is the window sticker on an automobile, a starting point, an opening negotiating position. We will discuss about negotiating the lease on a future post.