A Perimeter Center LOI that says "Suite 400, approximately 6,200 square feet" is not a deal. It is a placeholder. The lawyer cannot invent base rent, term, free rent, and TI. We write those numbers while both sides still remember the tour.
Swartz Co Commercial Real Estate handles tenant and landlord representation across Metro Atlanta. If the business terms are still "to be discussed," stop. Do not pay for a first draft of a lease that has no economics.
Name the money on one page
Base rent by year, operating expense treatment, security deposit, and who pays for the buildout. If TI is a dollar amount, write the amount. If it is a turnkey, write what "turnkey" includes. Gwinnett industrial and Buckhead office do not use the same sentence. Be specific.
Term and options are business terms, not boilerplate
Five years with two three-year options is a different company plan than three years with a kick-out. Put commencement, delivery condition, and early access in the LOI. Renewal review is a different article. The LOI is how you avoid painting yourself into that corner later.
Contingencies that actually matter
Financing, board approval, and a hazardous-materials look at an older Norcross building belong in writing. A vague "subject to due diligence" is how both sides stall. See current listings only after the economics can be compared on the same sheet.
What we need before we send the LOI
Use, headcount, parking need, and the rent you can actually live with. Call 678.973.2776. More Georgia notes sit on the blog and areas we serve.
Talk with our team
P: 678.973.2776
info@swartzcocre.com
Office: 5064 Roswell Rd b201, Sandy Springs, GA 30342
Call when your Georgia property needs a clear next step on the commercial real estate decision in front of you.