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 In addition to retaining legal counsel (See: Why Select Your Lawyer First) and a broker (See: How to Select a Broker), the tenant will need a number of other professional consultants to effectively manage the leasing and initial construction process. In most cases, such professionals include a professional engineer to help in properly inspecting the space for regulatory compliance and for correctly evaluating the space to meet the tenant's physical requirements; a licensed architect to plan the tenant's build-out of the space to suit the tenant's needs and to satisfy the building code requirements (See: The Space: Preparation for Tenant's Use); a licensed insurance agent to address the insurance concerns including the indemnities and liabilities to which the tenant is subject under the lease, as well as the landlord's requirements; and a public accountant to address the tenant's tax and financial concerns. The tenant will also need a sub-specialty team, headed by the tenant's inside facilities manager who knows tenant's specific needs concerning traffic and space, as well as how to build, move, fixture, furnish and decorate the space that will work best for the tenant. If the tenant does not have an inside facilities manager, it would be wise to retain an outside project manager for this same purpose. There are many highly-qualified consultants that specialize, often by industry, in understanding the needs of businesses that are relocating into new space. The tenant's outside project manager or its own internal facilities manager will also coordinate the efforts of the tenant's architect, engineer and broker in reviewing the suitability of any candidate spaces as well as reviewing the provisions of any work letter or other description of Landlord's Work (See: The Space: Preparation for Tenant's Use) to understand, early in the process, how landlord's proposed work relates to what is actually needed by the tenant. |
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