Warsaw landlords eager for early lease renewals

Landlords of Warsaw’s office buildings don’t want to stand idly by as hundreds of thousands of square metres of new office space are comes onto the market in upcoming months. They will go the extra mile to retain their tenants and propose renegotiations and lease extensions well before they expire. The typical lease length on the office market is five years and – in line with good market practice –tenants that want to stay on should start talking to their landlords a year or a year and a half before their lease ends. Some landlords are now suggesting that parties to a lease agreement should sit down at the negotiating table halfway through the lease term. A longer lease for me, savings for you Through lease renegotiations landlords want to secure long-term income streams wherever possible. Therefore, the longer the lease, the more the tenant will get. This is a major difference between negotiating a new lease and a renewal. Here the parties already know each o