Formulating an Exit Strategy from Your Existing Building

Formulating an Exit Strategy from Your Existing Building

27 June 2017

The search for new office premises is exciting and energising, but the same cannot be said for the process of an exit strategy for your current location. The anticipation of moving to a brand new location is an exciting time to hit the refresh button, to implement all those bold fit-out ideas that you and your colleagues have been wanting to do, to have your space arranged as you’ve always wanted but would be too disruptive to daily operations to spend time doing.

However, all of this is overshadowed by the need to move out from your current premises as efficiently and as cost-effectively as possible. That’s why it is important to have an exit strategy in place, with tangible goals and timelines to work to in order to ensure that nothing goes wrong.

Things you need to be aware of

The most important considerations when it comes to moving out from your current address are your lease obligations. Lease obligations go on until the end of the lease term, and it is essential that you review your lease carefully in order to fully qualify and quantify all of your responsibilities.

Developing an exit strategy

To plan your departure, it is essential that you:

Think ahead and develop an exit strategy
Assess all dilapidations and obligations
Quantify disposal costs
Review lease obligations

As the experts in office relocations and make goods, CR Commercial Property Group can help you develop an effective exit strategy that ensures that the process is as smooth as possible for you. To speak to one of our project managers, simply call 9299 2777.

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