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When a lease approaches its expiration date, misunderstandings can result in tremendous expenses and losses. By working with Macro Consultants, clients can rest assured there will be no outstanding lease issues, and every obligation regarding the decommissioning of the space will be met. This expertise is the result of having worked on both the landlord and tenant sides in hundreds of lease transactions.
Macro often begins by providing the most senior-level advice and counsel, to help a client determine which sites to maintain, and which to shut down. If these decisions have already been made, Macro immediately moves into action to ensure all lease-end requirements are met.
With so much attention paid to the construction and move-in dates for the new space, the importance of proper decommissioning planning for the vacated space is often overlooked. To help overcome this inadvertent shortfall, Macro’s in-house team has the expertise to:
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Read and understand the lease to identify cost-savings and cost-avoidance opportunities, as well as possible landlord concessions;
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Negotiate with the landlord, sub-landlord and new tenant on the client’s behalf;
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Determine and negotiate as to what improvements can remain and which must be removed – including cabling, HVAC, lighting, woodwork, staircases, walls, and so on;
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Bid, design, implement and supervise the field work;
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Reduce or eliminate costs associated with the removal of unneeded assets;
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Negotiate with the landlord or sub-landlord on the client’s behalf to take on discarded assets.
Macro provides valuable counsel regarding how to handle the disposition or resale of furniture and equipment, optimizing the client’s return on its initial investment. Having saved clients millions of dollars, Macro has tremendous expertise in securing top value for existing assets.
Working on the client’s behalf, Macro coordinates and manages internal teams and sub-contractors to ensure plumbing, electrical, mechanical and fire safety systems are all in appropriate working order. By the time the premises must be vacated, Macro will have helped the client avoid significant cost overruns and unanticipated expenses resulting from disregarded schedules and commitments.
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