Is your commercial lease up for renewal?
Renewal is when you have the most leverage. See what your space should cost, and what to ask your landlord for, before you sign anything.
- Free rent check from a licensed Utah commercial broker
- In most Utah commercial leases, the landlord pays the tenant's broker, not you
- No cost and no obligation
Associate Broker · RE/MAX Associates
Your renewal timeline
Want the real numbers for your space?
I'll compare your rent to what similar spaces near you are leasing for, and tell you how much room you have to negotiate.
What tenants commonly ask for at renewal
What's realistic depends on your market, your building's vacancy and your lease. That's what the free rent check is for.
Free rent
A month or more of free rent for signing a new term.
Improvement money
The landlord pays for paint, flooring or other upgrades (TI money).
A cap on increases
Fixed yearly bumps instead of open-ended ones.
Flexibility
A shorter term or an early-out option if your business may change.
CAM caps
A limit on operating-expense increases, for NNN leases.
A renewal option
Written in for next time, at a set formula.
Three steps, and you stay in control
Tell me about your space
Two minutes: where it is, how big, what you pay and when the lease ends.
I pull the comparisons
What similar spaces near you are leasing for, and your options to stay or move.
You negotiate from strength
Use the numbers yourself, or have me represent you. In most leases the landlord pays my fee.
The landlord has a broker. Do you?
Renewing on your own
- The landlord's broker works for the landlord
- You see one option: the renewal they offer
- A missed notice date can roll you into an automatic renewal
- Little to compare the offer against
With a tenant rep
- Someone whose job is your side of the deal
- Real numbers on what similar spaces lease for
- Other spaces to compare, so staying is a choice
- Deadlines tracked from day one
Get your free rent check
Tell me a little about your space. I'll call or text you personally, usually within one business day.
- What similar spaces near you lease for
- How much room you have to negotiate
- Your key dates, including the notice deadline
Stockton Farnsworth, Associate Broker
Team Utah Commercial · RE/MAX Associates
Tenant questions, answered
Does this cost me anything?
The rent check is free, with no obligation. If you'd like me to represent you, we agree on that in writing first. In most Utah commercial leases the landlord pays the tenant's broker, not the tenant; I'll tell you up front how it works for your building.
I like my space. I just want a fair renewal.
That's the most common case. Knowing what similar spaces lease for, and having a real alternative, is what turns "take it or leave it" into a negotiation, even when you plan to stay.
My landlord already sent me renewal terms.
Good, that's a starting point, not a final offer. Send it over and I'll show you how it compares before you sign.
When should I start?
Ideally 9 to 12 months before your lease ends, and always before your notice deadline. Many leases require notice months ahead, and missing it can limit your options.
Is a rent check a formal valuation?
No. It's a comparison of your rent with similar spaces to help you negotiate. It isn't legal, tax or financial advice; for lease language, talk to a real estate attorney.
Who will I be talking to?
Me, Stockton Farnsworth, an Associate Broker with RE/MAX Associates on Team Utah Commercial. Not a call center.
Don't sign a renewal blind.
A two-minute form today could change what you pay for the next five years.
General information, not legal advice; check your own lease. Commission arrangements vary by deal and are confirmed in writing before any representation.