Office Space Leasing FAQ

We offer both short-term and long-term leases. Here are some helpful tips for negotiating a flexible office lease.

Yes you can! Boxer has in-house Space Planning and Construction teams that will work with you to configure a space to suit your business needs. These are called Tenant Improvements or TI’s. They refer to any modifications that need to be made to a space either prior or during occupancy. Time and cost to complete improvements depends on how extensive they are.

Rent typically includes taxes, maintenance, and janitorial services. The tenant is responsible for telecom, parking charges, or other charges related to the tenant occupying the space. Some buildings are + Electric which means the tenant pays the base rent for the space and their pro-rata share of electricity. Different buildings offer different leases, so make sure you ask this question when touring workspaces. During the leasing process, some provisions are negotiable.

Boxer has suites in many sizes available immediately across 16 cities. We also offer competitive rental rates with a simple leasing process and flexible terms. You can also expand at any time during your lease term, even if you need to move to another building.

Boxer offers some of the most competitive rental rates in the market. We may occasionally offer additional incentives and expansion specials for existing tenants depending on the building. Contact Boxer today to inquire about any current specials.

You are responsible for the entire contracted lease term and amount as noted on your lease. If you feel have to move out before your lease term has expired, most leases offer the right to sublease.

Yes, you  can move in mid-month, we would pro-rate the rent for that month.

Boxer has leasing agents for all of our buildings so a broker isn’t necessary if you don’t have one. We also happily work with brokers if you have one.

Yes, that’s okay your company name does not have to match your tenant name.

First month’s rent and security deposit must be paid to get your keys today.

The acceptance of premises is a document that indicates the tenant accepts the premises as is. The client signs it when they get their keys.

Leases have annual fixed rental increases and increases based on inflation to account for rising costs to maintain the building due to inflation. These increases are called escalations. Some Landlords use a base year operating expense escalation and others use a CPI escalation. CPI stands for Consumer Price Index which is an Index published by the government to measure inflation. Boxer uses the CPI method of escalation. This means that rent will be adjusted by the percentage change in the level of the CPI between the base year and the level of the CPI on each annual anniversary for lease terms longer than 1 year. A CPI escalation is advantageous to the tenant because the Landlord has no control over the index as opposed to the operating expense escalation where the Landlord is responsible for controlling their operating expenses. It kicks in after the first year.

Prospective tenants need to supply some form of government ID to the leasing representative. This is typically in the form of a drivers license, passport, or state-issued id.

In a triple net lease (Net-Net-Net or NNN), the tenant agrees to pay all real estate taxes, building insurance, & common area maintenance on the property, in addition to any normal fees under the agreement such as rent and utilities.

Boxer’s Expansion Special includes 2 months free on the expansion portions for each year of the lease term extension.

When considering a new space, you should ask about windows, any upgrades such as glass inserts or flooring, on-site delis, ATMs, and garage parking.

A full service lease includes taxes, insurance, common area maintenance, and electricity.

Our leases request a security deposit & 1st month’s rent, which is standard when leasing any space.

Useable square feet (USF) refers to the actual square footage.

A: Rentable square feet (RSF) is the usable square footage plus the common area factor. The common area factor includes the common areas of the building that all tenants use such as the restrooms, hallways, and elevators. This common area factor is proportionately distributed to the usable square feet (USF) of all spaces within the building.

During construction modifications to an office space, walls, glass, outlets, and switches cannot be moved.

Tenants are able to downsize at the end of the lease term.

Contiguous space is a space that is adjacent, or next door.

SNDA stands for Subordination, Non-Disturbance and Attornment. Every lease is subject to the LL’s loan.

ROFR, or Right of First Refusal, means that the tenant with the ROFR has the first right to lease the space. The tenant with the ROFR is typically the one who most recently leased the space.

An effective rate is the actual rate you get after you take out all of the expenses of the lease.

The holdover percentage in the lease is 200%. Holdover refers to the time when tenants remain in the space following the lease expiration date.

An addendum includes additional items to the lease. For example, a signage addendum appends items when the lease is signed.

The “Right to Occupy” is a clause in a will that gives the beneficiary the right to occupy a property for a period of time. In our leases, the maximum number of days that can be offered are 30 days.

A T.I. (Tenant Improvement) is associated with a signed lease. This refers to improvements or upgrades to the premises prior to or during tenant occupancy, and may be paid for by the landlord or tenant. A M.R. (Move-in Ready) is associated with vacant space.