Story Time: Negotiating a Warehouse Lease
Steve tells a hands-on story about negotiating early occupancy and a penalty clause into a warehouse lease, and the aligned-incentive tactics that got a contractor moving fast.
Steve Simonson
On-air link:awesomers.com/89
Show notes
In this Story Time with Steve, he walks through negotiating a warehouse lease for a Chinese-owned company that needed to move fast out of an old space.
He breaks down how he used early occupancy and a per-day rent penalty to align the landlord, contractor, and tenant around the same deadline, and what went wrong when the estimate for buildout costs turned out to be way off.
Useful for anyone negotiating a lease or a contractor relationship where timing matters.