If you’re currently renting an office space – whether for a medical office, law practice, retail space, classroom or other business – the time may come when you choose to relocate to another space that you’ve rented or purchased, or even shut the business down entirely.
And while you may be planning for the logistics of the move, you may not be considering the challenges of surrendering your current lease. If you’re not familiar with the lease surrender process or perhaps were not even aware that there was a process, these are a sampling of questions and requirements that you may face.
Any leasing agreement will have requirements governing the condition that your space must be in upon return to the owner. Most requirements are standard but some can be unique. These can include things like sweeping and vacuuming, painting and patching, removing signage, data cabling or phone systems and other specifics.
And while some may be relatively straightforward – such as patching nail holes in the walls – others, like dismantling phone or data cabling from within walls, may require specialized services.
The extent of the requirements will depend in part on whether the space will be renovated after your departure, but if your lease contains rules about the condition of your space you’ll need to know what those are and ensure that you meet them.
A lease surrender service will provide you with the professional assistance you need to restore your space to an appropriate condition.