1. Indian real estate news

Commercial real estate for landlords and tenants: Office lease restructuring is the way forward

The pandemic enforced prolonged closure of offices which was a massive set up for the office space owners and landlords because of the complexities in the rent paying model. A few landlords could afford to offer waivers to retain their existing tenants by restructuring the lease.

This latest story by JLL India (source) shares detailed insights and working models for how lease restructuring can a win-win solution for the landlords and the tenants. For example—”In case of multiple leases with the same landlord, tenants have the option of blending rents, escalations, lock-in etc to arrive at mutually beneficial terms for the cumulative portfolio.” says this JLL post.

The commercial real estate is already undergoing change because of the changing customer behavior whether in using office space, or for retail and entertainment. Smart investments, and visionary strategy go hand in hand to set up a sustainable business model.

Planning to hire the tenants for longer lease works in the favor of landlords so that they do not need to go through the entire cycle of finding new tenants. The real estate owners in Mohali Aerocity and on different projects on the Mohali Airport Road such as Aero Arcade Mohali can adapt to these changing tenant sentiment so that it is a win-win transaction for both the parties.

People reacted to this story.
Show comments Hide comments
Comments to: Commercial real estate for landlords and tenants: Office lease restructuring is the way forward

Write a response

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Contact 9814210011, 9855063463, [email protected]

Join us today!

Join us for real estate industry updates, news, new projects, trends, reports, and new property updates.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

As the consumer products are becoming technology driven whether for connected devices at home, the voice technology, using integrated apps for house maintenance, it clearly impacts how you select a new home to buy in Mohali and Zirakpur. Whether you are looking for app enabled security system, the power consumption patterns, or the air quality […]

Worlwide

There are no matching posts for this section.

Trending

This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]