{"id":2263,"date":"2024-01-24T14:13:38","date_gmt":"2024-01-24T13:13:38","guid":{"rendered":"https:\/\/parella-group.nl\/?p=2263"},"modified":"2025-07-31T11:58:53","modified_gmt":"2025-07-31T09:58:53","slug":"missed-opportunities-at-end-of-term-office-lease","status":"publish","type":"post","link":"https:\/\/parella-group.nl\/en\/missed-opportunities-at-end-of-term-office-lease\/","title":{"rendered":"Missed opportunities at end of term office lease"},"content":{"rendered":"<h1>Missed opportunities at end of term office lease<\/h1>\n<h1><\/h1>\n<blockquote>\n<\/blockquote>\n<p>Within the office market each lease has a fixed lease term, in most cases five years at a time. If you, or your landlord, do not give notice, the lease will automatically be renewed under the then prevailing terms. Few companies choose to move every five years &#8211; we recently researched that an office tenant in the Netherlands stays in its location for an average of 17 years &#8211; but what is our advice when your lease term ends? Many tenants fail to utilize this moment, and that&#8217;s a shame.<\/p>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-oxfte-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-oxfte-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-135\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"a2ed6c8a-6db5-432f-970d-e0f9b436302a\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<h4>Theory<\/h4>\n<p>The majority of leases include a notice period, often twelve months, and in most cases it can be evoked by both parties. You start to examine well before this notice date whether your office still meets your needs, whether the rental conditions are still in line with the market and before the notice date you make sure you have a plan for the next five to ten years. Especially if the landlord can also give notice, you do not want to be surprised with a thank-you note.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"53e0f941-a552-4c15-b98b-fbbe13ff4705\">\n<h4 class=\"markdown prose w-full break-words dark:prose-invert dark\">Office lease in practice<\/h4>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex justify-start gap-3 empty:hidden\">\n<div class=\"text-xs flex items-center justify-center gap-1 self-center visible\">\n<p>Yes, the reality is different. Many tenants have no, or too late, insight into the end date of their lease term, or find out too late, and do get surprised by their landlord. Or they miss significant financial opportunities. In either case, this is unnecessary. When a lease expires, there are simply two options: you move or stay put. In this blog, we give you tips for both choices.<\/p>\n<h4>Stay or leave<\/h4>\n<p>That is the key question. But how to answer it? Sometimes the choice is obvious, and you have a clear vision of how you see your housing or office lease for the coming years. However, often a lot of homework and therefore time precedes this decision. And that&#8217;s our message: take the time to prepare properly. Too often, we get calls from tenants who have started the process too late and find themselves in an uncomfortable position. Or we get the message: &#8220;We can extend for five years, so everything is fine.&#8221; The office rental anecdotes are to die for, but significant opportunities are missed.<\/p>\n<\/div>\n<\/div>\n<p>As a rule, we recommend starting to think about future housing two years before the end of the lease term. This sounds long, but be aware that you only have twelve months before you have to give notice and thus commit. If moving is a real (or necessary) option, you need this time. Consider drafting a program of requirements, perform market research, contract negotiations and a renovation to make a potential new location suitable for you.<\/p>\n<p>Even if you do not intend to move, we recommend to\u00a0too start thinking about the future of your office lease in time. Is the leased floor area still suitable? Are there things the landlord can or should improve? And the most obvious: am I paying too much rent?<\/p>\n<h4>Downsizing<\/h4>\n<p>Due to hybrid working, we see many organizations downsizing their office space. A new lease term is an excellent opportunity to reassess space requirements and perhaps make new agreements with the landlord about the leased floor area.<\/p>\n<h4>Building improvements in office leases<\/h4>\n<p>If you are considering to extend for several years, it is important that the quality is up to standard. The indoor climate, fit-out, sustainability, quality of the sandwiches &#8211; you name it. It\u2019s good to make an inventory of possible improvements in advance. <a href=\"https:\/\/parella-group.nl\/en\/who-keeps-your-office-space-up-running\/\" target=\"_blank\" rel=\"noopener\">(We previously wrote a blog about who is responsible for the sustainability of your office, the office owner or the tenant? Read here)<\/a><\/p>\n<h4>Rent<\/h4>\n<p>Especially if you have been renting in the building for a long time, the rental price may have risen substantially above market level (this is the rent the landlord would receive if he were to lease the office to someone else). Also, consider the recent exorbitant price increases due to high inflation. No way market rents rose by 14% in a year!<\/p>\n<p>Take these three issues into account in a contract negotiation and realise that landlords often have a strong interest of keeping you in the building.<\/p>\n<p>Some final advice: the landlord will not alert you to the possibilities we&#8217;ve outlined above. So, make a note in your calendar two years before your lease end date and then read this blog again.<\/p>\n<h4>Finally<\/h4>\n<p>You can take these three matters into account during contract negotiations. Realize that landlords often have a strong interest in retaining you as a tenant in the building.<\/p>\n<p>As a final tip: the landlord will not draw your attention to the possibilities outlined above. Therefore, mark two years before the end date of your lease term in your agenda and then review this blog again.<\/p>\n<h4>More information?<\/h4>\n<p>At Parella, we understand the challenges that tenants can face. Therefore, we are ready to help you minimize risks and find suitable solutions. Feel free to contact us for more information and advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Missed opportunities at end of term office lease Within the office market each lease has a fixed lease term, in most cases five years at a time. If you, or your landlord, do not give notice, the lease will automatically be renewed under the then prevailing terms. Few companies choose to move every five years&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[115],"tags":[170,169,171],"class_list":["post-2263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","tag-empty-office","tag-peaks","tag-valley"],"acf":{"hero_banner_background_color":"#f9efe7","subtitle_blog":"When will you take action at the end of your lease term?","introduction_blog":"","diensten_selection":[847],"titel_download":"what is your Total Cost of Co2?","omschrijving_download":"In this whitepaper, we scrutinize the impact of CO2 in three essential areas: The energy consumption of your office, the commuting habits of your employees and the design of your office space.\r\nYou\u2019ll gain insight not only into how these factors contribute to the total CO2 emissions but also practical suggestions to reduce this emission. Download the \u2018Total Cost of CO2\u2019 whitepaper now and take the first step towards a more sustainable future for your company!","usp_1_whitepaper":"","usp_2_whitepaper":"","usp_3_whitepaper":"","gravity_form_download":"17","medewerker_selection":4307},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Missed opportunities at end of term office lease - Parella Group Netherlands<\/title>\n<meta name=\"description\" content=\"Will you take action at the end of your office lease contract? If you don&#039;t cancel, it will be automatically extended. 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