The right space. The right deal.

Delivered with integrity, intelligence, and transparency.

We only represent tenants.

Vicus never acts as a landlord's agent.

Why? So we can act as our client’s unwavering advocate, free of the conflicts of interest that are inevitable when attempting to represent both landlord and tenant. Since the lease negotiation process is oppositional in nature, this freedom is crucial in serving a tenant’s best interest.

Why You Need a Broker

Rent

This one’s obvious. Your rent is what you pay per rentable square foot per year. Expert rent negotiation can save you thousands of dollars every month.

Free Rent

Some landlords will offer 1-12 months at the start of a lease term. We know how and when to ask for this to get you the best deal and the breathing room you need.

Sublease and Assignment Clause

This is a provision that gives you the ability to maneuver should you wish to shrink, grow or merge. This clause is a minefield. Make sure you understand what you are agreeing to.

Operating Expense Clause

Your rent is going to go up yearly to account for the escalating cost of operating a building. Will it be tied to the building’s actual increase in expenses or as a straight percentage of the rent?

Free Freight Time Elevator Charges

When you move into a building, you are entitled to some free hours on the freight elevator. Moves typically happen at night and over-time elevator charges can be steep. Get what you deserve.

Real Estate Tax Clause

You’re going to pay a proportionate share above a base year. If they go from $100,000 to $120,000 and you have 10% of the building, you’re going to pay 10% of the $20,000 increase or $2,000. Make sure you have the right base year.

Electric Clause

Electric is a profit center for many landlords. They understand it in a way you never will: connected vs. demand load; rent inclusion vs. sub-meter; watts per square foot usable vs. rentable. We can guide you through it so you don’t leave money on the table.

Expansion Options

You can have a “put” on space which means you have to take it at a certain time for a certain price. You can have a right of first refusal or a right of first offer and it can be for a fixed price or it can be for some percentage of “fair market value” often 90 or 95% of FMV.

Renewal Terms

Renewal terms guarantee that you won’t be kicked out. This in and of itself can be valuable. Like expansion options, price can be fixed or based on a percentage of fair market value.

Tax Treatment of a Landlord's Contribution

Depending on how the lease is worded, the million dollars the landlord is spending to build your space could be recognized as income to your organization. Don’t let this happen.

Relocation Clause

Landlords want this with smaller deals because they don’t want to lose the option to do a big deal because you have a thousand feet and they can’t move you. What’s important is that if they do move you within the building, it’s not going to be to worse or smaller space. The landlord should move you at their cost and expense and

Initial Construction and Alteration Clause

If the landlord is building your space, you want to understand what is and what isn’t included. Do you have special power needs? Who is paying for the Class E hookup of the life safety system.

Selected Clients

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Logo Vicus Client  0000 Acxiom
Logo Vicus Client  0001 Assembled Brands
Logo Vicus Client  0003 Breeders Cup
Logo Vicus Client  0004 Cargill
Logo Vicus Client  0006 General Assembly
Logo Vicus Client  0007 General Electric
Logo Vicus Client  0008 Handel Architects
Logo Vicus Client  0009 Incapture Technologies
Logo Vicus Client  0011 Leukemia Lymphoma Society
Logo Vicus Client  0012 Mt Sinai St Lukes
Logo Vicus Client  0013 Marathon Asset Management
Logo Vicus Client  0014 Members Only
Logo Vicus Client  0016 Nyc And Co
Logo Vicus Client  0017 Patek Philippe
Logo Vicus Client  0018 Skanska
Logo Vicus Client  0020 Sasha Primak 2
Logo Vicus Client  0021 Rw Baird
Logo Vicus Client  0022 Ruder Finn
Logo Vicus Client  0023 Wiss
Logo Vicus Client Hover  0000 Acxiom
Logo Vicus Client Hover  0001 Assembled Brands
Logo Vicus Client Hover  0003 Breeders Cup
Logo Vicus Client Hover  0004 Cargill
Logo Vicus Client Hover  0006 General Assembly
Logo Vicus Client Hover  0007 General Electric
Logo Vicus Client Hover  0008 Handel Architects
Logo Vicus Client Hover  0009 Incapture Technologies
Logo Vicus Client Hover  0011 Leukemia Lymphoma Society
Logo Vicus Client Hover  0012 Mt Sinai St Lukes
Logo Vicus Client Hover  0013 Marathon Asset Management
Logo Vicus Client Hover  0014 Members Only
Logo Vicus Client Hover  0016 Nyc And Co
Logo Vicus Client Hover  0017 Patek Philippe
Logo Vicus Client Hover  0018 Skanska
Logo Vicus Client Hover  0020 Sasha Primak 2
Logo Vicus Client Hover  0021 Rw Baird
Logo Vicus Client Hover  0022 Ruder Finn
Logo Vicus Client Hover  0023 Wiss

Latest Articles

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3 Things Non-Profits Should Know When Negotiating a Lease

3 Things Non-Profits Should Know When Negotiating a Lease

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