Lease Renewal
TENANT SERVICES
Seize the Opportunity to Reduce Portfolio Occupancy Costs
Rent is often a company’s second largest recurring expense after personnel. SRS helps our clients negotiate better occupancy costs and lease terms through our lease renewal and restructuring service. Our experts in lease negotiation work to reduce or to enhance our clients’ contractual position for improved lease agreements. We help our clients develop individual location strategies. We focus on rent reductions, blend and extends, terminations and other lease actions to deliver significant occupancy savings.
From a Few Locations to an Entire Portfolio
SRS brings the experience of negotiating tens of thousands of leases since our inception to assist clients with the renewal and restructuring of leasehold obligations. SRS has successfully handled some of the most complex portfolio management assignments for some of the biggest companies in the world. For just one client, we successfully renewed, restructured, and terminated hundreds of locations, saving them over $100 million in future occupancy costs.
Dedication and Skill Make SRS the Best Choice for Portfolio Management
SRS starts each assignment with a single-point-of-contact and core team of dedicated lease portfolio management experts to renew and restructure existing portfolio leases. These transaction managers leverage comparative data and local brokers in each market to perform market rent assessments and broker opinions of value. A unique strategy is devised and agreed to with the client for each location. The transaction managers then negotiate directly with landlords to renew or restructure leases in the form of rent reductions, blend and extends, virtual downsizing, clause modifications, or whatever creative strategy has been determined to maximize occupancy cost reduction and/or improved lease language.