Lights, Camera, CASA! Gala

Lights, Camera, CASA! Gala

On September 21st, 2017, CASA of Cook County will be hosting Lights, Camera, CASA! Gala, featuring a live and silent auction, food and live music.

Proceeds from Lights, Camera, CASA! gala will allow CASA of Cook County to accept new cases, recruit and train new advocate volunteers, and continue and develop new training programs for staff and volunteers.

To purchase tickets and/or to donate, please visit: https://e.gesture.com/events/62m/.

For more than 30 years, CASA of Cook County has provided a voice for thousands of children in the Cook County child protection court system who have experienced abuse and neglect. With its group of trained, dedicated volunteers, CASA of Cook County researches cases and provides valuable information which child protection @court judges rely on to make the best decisions about children’s futures. CASA dedicates one volunteer to advocate for one child or family of children, ensuring that the child’s voice is present in court even if the child is not.

The need for volunteer advocates is great: in Cook County there are 5,800 children in the foster care system but CASA of Cook County only has the resources to serve 5% of these children. It is CASA of Cook County’s goal to continuously increase the number of children in care it serves by helping to provide them with a safe and permanent home.

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Leaders Making Business Happen

Amata Attorney River Cruise

Leading attorneys came together last Thursday evening to build their relationships, enjoy a sense of camaraderie, and share referrals and resources. Check out this video and you will see, this is what being part of the Amata network is all about. With only 60 tickets available, the Amata attorney social on the Wendella river cruise was a sold-out event. The exclusive list of attendees ranged from 30 year veterans from large law firms to first year attorneys participating in the Chicago-Kent incubator program that partnered with Amata Law Offices to provide office space and services to the attorneys in the program. Meeting new people, building relationships and sharing referrals and resources is what selecting Amata Law Offices to house your firm is all about. This event was created from a collaboration between Amata and Advitam IP, an intellectual property law firm.

Just about a year ago Richard Gurak, a founding partner of Advitam IP, LLC, decided it would be beneficial if the attorneys at Amata’s 150 S Wacker office got together over a drink once a month to get to know each other. He circulated an invite for drinks and several attorneys took the opportunity to take a break, grab a drink and meet their neighbors. That first social became a monthly event and eventually opened up to legal professionals at other Amata offices where the events have also been hosted. Richard adds that “Amata saw the value in our legal professional’s social group and strongly supported us so we could take it to the next level.”

Richard has spent his career building relationships throughout the world, growing his practice to work with clients in North America, Latin America, Europe, Africa and Pan-Asia. So it should come as no surprise that Richard began building his network soon after selecting Amata Law Offices to house Advitam IP, LLC’s North American offices. For 20 years practicing Intellectual Property law Richard has demonstrated how effective networking and building relationships can be to creating a successful law practice.

Future plans are coming together to continue the attorney socials. On October 26th plans are underway to host an event at The Metropolitan Club on the 67th floor of the Willis Tower. You won’t want to miss this event as Amata shares member benefits of the newly formed partnership with the club and details of the half billion-dollar renovation taking place at Willis Tower will be presented.

The next step: Getting to join the group on the river cruise was just the first step. The next step is to follow up with those you met on the river cruise or would have liked to meet but ran out of time. The attendee list has been distributed so take a few minutes and send a follow up or introduction e-mail introducing yourself. Set up a time for a call or cup of coffee and learn more about each other. Find out how each of you can help the other build your law practices. For all the attorneys I have had the privilege to work with, it is always those that get out and network that enjoy the most success.

Interesting Fact: Did you know that as an Amata member you have access to use services and space at all Amata locations at no additional cost. Today we spotlight the facilities at 150 N Michigan Ave., the white diamond shaped building in the Chicago skyline. Amata Law Offices operates two full floors in this building with views of lake Michigan and Millennium Park that will dazzle your clients. The 8th floor has recently reopened after a million dollar renovation has transformed the common area into a warm and welcoming meeting facility, added huddle rooms, a “live edge” table constructed entirely of one full tree slab from a downed tree in Wisconsin and expanded secretary workstations. Take a break from the routine and book a conference room or just stop in to work for a few hours. The offices have direct access to the Daley Center through Chicago’s underground pedway, so you never have to brave the weather going to court.

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Ron Bockstahler has worked with individual attorneys and law firms for the past 30 years, gaining an in depth understanding of the business of running a law practice. He is the co-founder and CEO of Amata Law Offices and Managing Broker for Amata Realty Group, LLC, a real estate firm dedicated to consulting attorneys on their office space needs. Ron can be reached at [email protected] or 312-924-0204.

 

Joel McFarlin has worked with individual attorneys and law firms for the past five years, leveraging his growing network to act as a connector with other attorneys and businesses throughout Chicago. He is the Vice-President of Sales for Amata Law Offices and Broker for Amata Realty Group, LLC. He enjoys making short videos around Chicago. You can watch his latest video from the Attorney Social River Cruise event here: https://youtu.be/CorfRXxh42Y. Joel can be reached at [email protected] or 312-924-2823.

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Growing Your Law Practice CLE with Steve Fretzin and Dan Lear

Steve Fretzin and Dan Lear

Last Thursday I had the opportunity to sit in on the CLE hosted by Steve Fretzin, Attorney Coach, contributing writer for the Chicago Daily Law Bulletin, and Attorney Dan Lear, Director of Industry Relations at Avvo. I am not an attorney, but since my clientele is made up of over 800 attorneys I make it a point to stay up to date on as many legal matters as possible.

The subject matter was of particular interest to me since I have been all-hands-in with my own online marketing efforts lately. To be honest, the presentation and materials were great and about 10 minutes into the class I was sitting at attention and taking notes, no small task for someone who has dealt with a level of ADHD all his life. When Dan starting talking about branding a law firm, he keyed in on three themes: authenticity, knowing your ideal client and consistency. I guess these are all easy concepts to understand, but try practicing them and see how easy they are.

As you would expect from someone with experience working at Avvo, Dan brought up several examples to demonstrate these three points, but two really stood out for me. The first was an east coast law firm that specializes in 2nd amendment compliance & consulting. The firm is named Think Pink Law and uses the tagline “We do law. Differently”. Pink is not the last name of a partner, but it sure stands out and is very memorable. If I ever learn of someone in need of legal advice dealing with the 2nd amendment, I am quite sure I will remember Think Pink Law.

The second example I clearly remember from Dan’s presentation is from an immigration attorney who targets a specific clientele by offering assistance in filing Form I-864 for financial support. The target audience is divorced spouses of green card holders. Now I am sure this is only one part of their immigration law practice, but this one very targeted campaign really hits home with their clientele. After they provide quality service to this group, how many client referrals are they adding to their monthly intake? Target marketing such as this is a great way to grow a law practice.

Dan then went into a Top 10 Intake list for lawyers which was very insightful. You can view Dan’s entire list here. Many parts of this list is inspired by this article by Chicago-based Gyi Tsakalakis Lawyerist.

Then if all this wasn’t worth the price of admission (and the free lunch), Steve launched into understanding the “buyers’” mindset and started asking questions like, “What is your motivation for doing business development?” and “What makes someone successful at business development?” (I guessed at this one, somewhat incorrectly). Just for clarification, I translate “business development” to “keeping your new client intake machine churning even when you are on vacation.” Steve explained how behavior influences attitudes which in turn affects beliefs.

To me, this partially explains how a very knowledgeable attorney with a discomfort of speaking to strangers (think networking in an unfamiliar group) is able to change their attitudes and beliefs by attending more networking events and interacting with others. Steve also discussed how to choose the best networking opportunities and how to make the most of these sometimes-difficult learning experiences. If you are serious about growing a thriving law business while also enjoying the business of life you really need to attend Steve’s classes.

Steve has a great understanding in the field of building successful law businesses. After all, he has consulted hundreds of attorneys, both experienced and new practitioners, written two books on the subject, and speaks to lawyer groups around the country. Steve’s full presentation can be found here. You can also visit his web site and learn more about his newest program for attorneys, Origination Station, at www.fretzin.com.

As I mentioned earlier, Steve Fretzin is a contributing writer for the Chicago Daily Law Bulletin, and his June article, which can be found here, analyzes if the Differences Between Sales and Legal Business Development are just Semantics? and is a great read, offering some great tips to get away from the traditional “pitch” to clients and how to hold back to better understand what will motivate the client to hire you.

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Ron Bockstahler has has worked with individual attorneys and law firms for the past 30 years, gaining an in depth understanding of the business of running a law practice. He is the co-founder and CEO of Amata Law Offices and Managing Broker for Amata Realty Group, LLC, a real estate firm dedicated to consulting attorneys on their office space needs. Ron can be reached at [email protected] or (312) 924-0204.

Steve Fretzin is an Author and Attorney Coach and can be reached at [email protected] or at 312-981-0119.

Dan Lear is the Director of Industry Relations for Avvo and can be reached at [email protected] or 206-508-3012.

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Telecommute and Open Up Your Options As a Working Attorney

Telecommute and Open Up Your Options As a Working Attorney

Updated: 2/27/18

“I am breaking away from my big law firm to practice law my own way. But a permanent office is not in my budget.”

“As a solo practicing attorney, I only want to commute to the city when necessary.”

“My family is important and I need to spend more time at home without giving up my practice or taking time off.”

Do any of these sound familiar to you?

Amata Law Offices can provide the solutions you need.

Yes, this is blatant self-promotion for Amata Law Office Suites, but only because we have over two decades of experience working for our attorney clients who in turn have helped us shape our company to better support them.

Providing Chicago Attorneys with Options

Self-promotion aside, I want to start this article by pointing out that the most important aspect of our centers is actually a concept built directly into the structure of all shared office space, ours and our competitor’s alike, and that’s the ability to give attorneys options.

So many options, in fact, that we need to narrow down the conversation just to explain how flexible a shared office space truly is.

Flexibility of Telecommuting

Let’s start where most small practices do and talk, not about renting space, but about telecommuting.

When you break telecommuting down, you have two immediate pros: The days you don’t commute to the office will save you time and money, and when you do commute you have options.

Pros of Telecommuting for Attorneys

Like all choices you make for your business, telecommuting has its pros and cons, but the biggest pro is the amount of choices it provides to burgeoning and established practices alike.

Access to Multiple Locations

Through all of our programs, for instance, our clients have access to every Amata center to work, receptionist services, and to meet with clients and partners, no matter which center they decide is their firm’s mailing address.

Convenience When You Commute

If you are coming into the city solely for a deposition, book a conference room at our 150 South Wacker office, a mere twenty feet from Union Station.

Spending the morning at court but need a small room to meet with a client in the afternoon? We have two locations a block from the Daley Center.

And when the kids have a day off school all of Amata’s offices can provide you a quiet cafe or solitary day office to work in.

Eliminating the Cons of Telecommuting for Attorneys

On the con side, bouncing ideas off fellow attorneys is part of the fun of a law firm practice, and if you are leaving a bigger firm to start your own you may find you miss that daily interaction.

A Large Group of Attorneys To Interact With

For the tenants at our 180 North LaSalle office one of the highlights is ending the day catching up with attorneys over a glass of wine in the Cognac room; brilliant attorney and masterful storyteller, Paul Goodman, makes me laugh every time we grab a drink. Not all clients are able to join in such impromptu weekly rituals and for telecommuting clients this is especially so.

Exclusive Attorney Networking Events

To combat this, we work to create opportunities for all our lawyers to have the community experience by organizing dozens of events throughout the year, from casual attorney socials after work to grander scale river cruises, and we have even gone so far as to build an online community that allows attorneys to network no matter where they choose to be. Whether they prefer working at home in the Chicago suburbs, or even at home in a completely different state.

Telecommuting Options for Locals and Non-Locals Alike

Yes, you read that correctly. Telecommuting is not just an option for new or small law firms. When you have put your years in and finally decide to pursue that isolated cabin in the woods, telecommuting allows you to continue doing the work you love.

A few years ago, one of my best friends moved just outside Chattanooga, Tennessee, yet he still maintains his successful law practice in Chicago, which boasts three attorneys and two support staff. He choose to commute 2-3 days each week and spend the rest of the days working at home in Tennessee.

He retained the physical space he needed for its Chicago employees, as well as the shared office space’s built-in manager who deals with all the nitty gritty: the phone system, the copier, office supplies and shredder and any issues that may come up with them all.

But now when the receptionist processes his calls, his clients are transferred to his cellphone even while his coworkers still maintain their physical phones, and we forward and scan his mail wherever he needs, at his request.

Make Telecommuting Work For You

Telecommuting is just one, small example of how Amata Law Office Suites can work for you and your firm. Speaking from many years of experience as a shared office space provider, I can offer a few tips:

As you begin your search you will find that people and writers like to argue about the layout of shared office space — open vs. closed.

As Jacob Morgan points out in his article Five Things You Need To Know About Telecommuting, the debates are absolutely pointless. I will reiterate the fact I opened this article up with: all shared office spaces are built to provide options, it’s implicit in its design.

What you really need to pay attention to when searching for your perfect space are the details.

Does the office atmosphere boost your company image when clients come to visit?

What if your firm were to grow so big taking traditional space was more affordable; would you be able to take your established phone number with you when you leave?

These are questions you must ask before signing any contract.

But if you are just starting out, and haven’t even thought about the details of a contract yet, I have one simple tip: pay attention to who the shared office space chooses as their partners.

If they aren’t partnering with business that are meant to help you and your firm grow, then maybe you should keep looking.

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Ron Bockstahler is the CEO of Amata Holdings, LLC and managing broker for Amata Realty Group. His companies have served the legal community for over 30 years and Ron regularly consults with attorneys on business development and space needs. You can contact Ron at [email protected] or call him at (312) 924-0204.

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The Need for a Virtual Office

We Are A Full-Service Support Solution For Professionals

Chicago_Virtual_Office_Defined

With today’s rapidly evolving technology, it is increasingly common for businesses to embrace the virtual or work life. Virtual office users range from early stage start-ups looking to grow their presence without overextending their budgets, to established businesses that are gradually expanding. No matter your type of company, a virtual office can provide you with the amenities of a complete office and set you up for a success.

Benefits Of A Virtual Office

Leasing and maintaining an independent office for your business can become costly, depending on the stage of your business and its growth plan. Why strain yourself or your budget when a virtual office reduces overhead cost, increases flexibility for meeting and staffing needs, and provides access to class-A building services when needed. Here are a few benefits a virtual office can provide:

  • Virtual Phone Answering Service: A personalized call answering program promotes work productivity. This cost-effective program allows you to prioritize workflow while never missing an important business or client call. Amata provides a personalized call answering service for your business with an after-hours auto attendant and a designated number for call forwarding.
  • Phone Automation: Automation is an interactive voice response system that interacts with callers. It allows businesses to respond to customers promptly and in an organized manner. Once the appropriate information is given to the customer, a member from your team may reach out in a more personal response. This is a great service for small businesses when competing against larger businesses to create a personalized customer experience.
  • Virtual Access: Virtual access gives your business the opportunity to grow with access to a shared office space, coworking rooms, common areas, cafés, and conference rooms during standard office hours. Amata offers a virtual access package, which is perfect for people who work remotely, such as frequent business travelers andthose with a home-based office who require the professional appearance of a formal office.
  • Prestigious Business Address: A prestigious business address projects a professional image to your clients while you work from home. This is a great option for those whose business is not yet ready to rent an actual office space. Amata gives you the option to choose from one of six prestigious business addresses to impress your clients on paper. As an added bonus, mailing addresses also allow you access to common areas, cafés, and coworking rooms.
  • Conference Rooms: A virtual office gives you discounted access to conference rooms where you can conduct meetings or conference calls. Give your business a professional appearance and some of downtown Chicago’s best views when you have meetings with potential business partners or clients. Amata provides multiple conference rooms in every center. Book your room here.

Work Smarter Not Harder

As large corporations transition employees to remote work positions, the playing field is leveled a bit more for small market businesses and entrepreneurs. Now, both employees of large and small companies can enjoy greater work-life balance through the convenience of a virtual office. Reduce time and money wasted on daily commute. If your business is looking to conserve budget or gain an additional location without entering into a lease, a virtual office space is right for you.

See if a virtual office is right for your business. Contact Amata for information about the virtual office plan.

As your business weighs the importance of the image it projects through its office presentation and location, make sure you take charge of its online reputation. Continue read this helpful article for more insight: Take Control Of Your Online Reputation.

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Samurai Business Group: From Trusted Advisor to Trusted Asset

Samurai Business Group: From Trusted Advisor to Trusted Asset

The founding partner of Samurai Business Group, Bob Lambert, gives an insight on how to transform a well-trusted advisor into a well- trusted asset.

What is a trusted advisor?

A trusted advisor is someone whom you trust that gives you valuable insight on a subject. The important word here is “trust” which poses two key components: character and competence.

How do you earn trust?

Trust is an important factor in a successful relationship. It is important to understand how your buyer evaluates whom they work with. Here are four basic criteria a buyer may use:

  1. Does your product/service overcome the pain of change?
  2. Do they believe your solution meets their compelling reasons to buy?
  3. Is your solution viable for them to implement?
  4. Does the buyer trust you and your company to deliver on your commitments and promises?

What is the role of a trusted asset?

Below, Samurai Business Group provides the key differences between a trusted advisor and trusted asset. In order to develop skills of a trusted asset, understand what your buyer values. However, more importantly, always put your client first while going beyond your professional opinion. The way one sees a trusted asset is the equivalent to a trusted friend.

Trusted Advisor vs. Trusted Asset

Source: Samurai Business Group

Apply the standard components of a trusted asset into your business practice today!

To learn more join us next week as Bob Lambert will be the guest speaker at Amata’s lunch & learn: Beyond Trusted Advisor – Becoming a Trusted Asset

Click to download Samurai’s Business Group Full Article

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The Power of Persuasion

The Power of Persuasion

Amata recently hosted speaker Anne Smith, founder of Neuro Focused, at our Michigan Avenue location for the insightful lunch and learn event The Power of Persuasion. Anne explained how our brains are social and actually crave social connections, a fact that we can use to persuade others, particularly in our business communications. The trick is learning how people think when they are in social settings.

Key Tactics for Persuading People in a Group Setting

Mitigate People’s Bias

It is hard to recognize conformational biases within ourselves, but working in groups and communicating makes it easier to recognize these in others and mitigate. Once you know someone’s biases, you can use the tips below to work around them. Below you will find the most common biases people have and how you can mitigate them to create influence:

  • Similarity: People who feel as if they resemble another person and are better than others. A solution would be to find commonality between yourself and that person.
  • Expedience: A person feels and believes that if a certain belief or idea is right then it must be true. To overcome this, try to paint a complete picture to open up their thinking.
  • Experience: People who relate to your experience. Try presenting new perspectives through narration or visualization.
  • Distance: People tend to defer to those who are near them, rather than further away. To overcome this bias, try leading with a simple suggestion or invitation. You can also incorporate the solution for a similarity bias because finding a common ground will encourage them to overcome the distance.

Learn How People Visualize

People are more likely to update their belief when information is presented in graphic form. The brain is able to easily recognize pictures and interpret images before interpreting the text. Any time you can add graphics to your argument, do so to boost your persuasive power.

Make It Short

The human working memory is limited- so carefully explain important details you want others to retain and keep it short. Our brain can only focus on one concept at a time. Therefore, we best digest information in brief chunks- such as seven to eleven words in a sentence.

Now you know the three most important applications to use in a business communication, simply follow these three applications above to persuade your audience in the direction you choose.

Who Is Neuro Focused?

Anne Smith, is a certified professional coach who specializes in brain-based approaches to create a new way of thinking. This approach is a three-step process that includes reflection, insight, and action while learning about the brain. If you want to enhance your thinking and improve your communication with clients and key stakeholders, learn more about Neuro Focused.

Watch the full video of guest speaker Anne Smith: The Power of Persuasion.

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How To Grow Your Law Practice in 7 steps

Attorney Michele Katz, Co-Founder of Advitam IP, in her corner suite at 150 S Wacker

Guest speaker, Steve Fretzin, advises Amata members on a multi-step approach to grow your law practice. It is important to implement a set goal as workload or day-to-day distractions arise. Keep in mind that a plan should push you towards your goal. Follow these simple tips below to keep your firm’s growth on track.

  1. Create a Marketing Plan
    First, think of the overarching goal you are trying to accomplish. Reference back to last year, were you able to follow through with your goals? If not, your objectives need to have a stronger strategy.
  2. Develop Strategies
    Focus on 2-4 strategies to grow your business that work best for your particular practice. Examples of strategies include networking, sending emails, development of strategic partnerships, and cross marketing.
  3. Develop Tactics
    For each strategy, develop 5-7 tactics to achieve those strategies. Tactics are methods to achieve your strategy and answer how to be effective, how to follow up, and how to execute. A tactic should answer who, what, where, when, and how.
  4. Create and Prioritize a Database
    Your contacts should be reflected in your database. Think of everyone you know. Now prioritize them based on their ability to help grow your practice. Can they be a potential client, or do they have an avenue of introducing you to potential clients? Group them by A, B, or C- those who are directly useful, those who might be a useful connection (these two lists will be used to execute your tactics), and those who will be of no use to grow your practice.
  5. Attend and Utilize Events
    Networking is your chance to grow from the bottom of the pyramid to the top. Be sure to research events before attending and not just attend the ones you hear about. Events that you should attend need to have your two targets: referral sources and actual clients. Don’t spin your wheels to attend events to keep active- that approach wastes time and money. Ask yourself where should I be and what types of events are good for my practice?
  6. Control Networking Meetings
    Attending an event is the initial approach, but how you work and follow through an event is crucial. To see if a person is a target you want to ask a few thought-out questions to understand if this is someone you can help or vice versa. If not, its time to excuse yourself and move on. You don’t want to waste your time or theirs.
  7. Improve Client Experience
    How do you plan to retain clients? All clients are not created equal and bring different values to your business. Simply break up your clients into categories for different approaches on how to retain them. Each approach may vary and be as simple as sending a newsletter, meeting once a quarter or calling to check-in. Keep in mind you are a lawyer but also a friend, so maintain a good relationship with each client. Lastly, don’t be afraid to ask your clients if they can help you by referring your business. Using the above steps to create strong relationships with your clients will help you feel more comfortable asking them for this favor.

These simple tips will help grow your law practice. Don’t forget in the midst of getting tied up with the little things it is important that your plan has a focus and clear direction. Don’t put off creating your plan. Start today to grow your business.

Steve Fretzin will be presenting What They Didn’t Teach You At Law School on March 21st at 180 N LaSalle, Suite 3700.

Watch the full video on How To Grow Your Law Practice In 7 Steps:

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Take Control of Your Reputation Online

Take Control of Your Reputation Online

For most businesses, reputation is everything. Luckily with internet marketing, you have the ability to control how your business is portrayed online.  Online Reputation Management is a commonly overlooked marketing strategy that requires some pro-activeness, time, and patience. But once set-up correctly, you see how valuable and cost-effective this type of marketing strategy can be for your business.

Below you will find a few tips on how you can control your online presence:

  • Claim Your Identity
    Start by prioritizing which online directory platforms can be best optimized in your industry. Focus on a few platforms then work your way down a list as your business grows. Google, Yelp, and Bing are one of the most used directory sites and should be at the top of your list.Some believe that their business may be too small to attract anyone; however, as business starts grow, many visitors will want to validate a business’s reputation from major 3rd party (unbiased) sites. If you do not claim or optimize major directory listings, you could lose out on lead opportunities due to low reviews or a very common reason, lack of correct contact information. Do not miss out on this! Optimizing listings will take time and effort to set up at first, but once it’s set, you just let it sit and do its work!
  • Monitor Your Reviews
    A common question we get most often is what to do about negative reviews. It is important that you address any negative reviews that have been left on directory platforms immediately. Your reply should ideally resolve the issue in a non-defensive manner.It may be hard to recover from a negative review but you can confide in your loyal customers. Don’t be afraid to ask a customer who has verbally expressed positive feedback to post a positive review online- this can range from their expectations, satisfaction, atmosphere, customer service, and more. If the customer/client was genuinely satisfied, s/he will be more than happy to post a positive review for you and your business. Have your directory links conveniently saved at all times so you can share the link with your customer/client. As you continuously generate reviews, prospective customers will overlook the negative reviews in a glowing bundle of positive ones.
  • Maintain Your Reputation
    Today, anything we say or do can end up online- even if it was meant to be private. It is crucial that you focus on how you want to be portrayed on the web by living up to your reputation in-person and address when customers or clients did not get what they expected. Amata provides a directory service for attorneys to help local clients find them online. If you are an attorney and interested in listing your law practice on the aLawCenters.com directory, please be sure to contact us!

For more information on Online Reputation Management and Campaigns, contact Connections Marketing.

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What You Need to Know Before Leasing Commercial Real Estate

When leasing commercial real estate, one of the biggest mistakes people make is committing to a lease without understanding the terms.

The most common types of lease agreements and terms include:

What You Need to Know Before Leasing Commercial Real Estate

Unlike residential real estate, commercial leases do not follow standard terms. Tenants are responsible for negotiating the terms of their lease agreements.

Tips to consider when negotiating a lease:

  • Protect your interests by hiring professionals. A commercial real estate broker can help negotiate your lease terms, including the addition of certain clauses like early-termination terms, sublease rules and assignability (transferring your lease to someone else). Have a real estate attorney review your lease before you sign it.
  • Understand costs and fees up front. Most leasing costs are calculated per square foot. However, depending on the type of lease you have, additional costs—like property taxes, insurance, utilities, trash collection and CAM costs for shared areas like courtyards and entryways—might be included.
  • Find out what amenities are included. Amenities can make a big difference in what location you choose to lease. Ask about basic amenities (like wiring for high-speed Internet, shared versus private bathrooms and central air) or unique bonuses (like fitness rooms, special partner discounts and security systems).
  • Negotiate the length of your lease. Landlords typically favor longer lease agreements, but shorter, 1- to 2-year leases with options to renew give tenants the flexibility to reevaluate how things are going financially after their leases are over. Consider your company’s future growth, and find out your options for expanding in that location.
  • Discuss signage rules. Ask what rules and options are in place for your business signage.
  • Know that you’ll likely have to sign a personal guarantee. Most landlords will do a personal finance check and require tenants to sign a personal guarantee, saying they are liable if the business isn’t able to pay the rent.

Amata Realty Group can help!

If you’re searching for a new space, expanding or renegotiating a contract, contact Amata Realty Group. Amata Realty Group uses its market expertise to match tenants with office spaces and services that meet their needs. Don’t hesitate to contact us when you need help!

Sources

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