🏁 Lease Milestone Tracker

Identify target market, engage a tenant rep broker, define space requirements (SF, layout, amenities).

Tour candidate spaces, narrow to 3–5 finalists, create comparison matrix.

Submit LOI on preferred space outlining key economic terms. Negotiate LOI with landlord.

Receive landlord's initial lease draft. Review with attorney and identify negotiation points.

Exchange redlines, negotiate key clauses (CAM caps, TI, renewal options, exclusivity, termination).

Final lease signed by all parties. Security deposit delivered. Lease fully binding.

Submit construction plans. Obtain building permits, health department, zoning, and fire approvals.

Tenant improvement construction begins. Coordinate landlord TI draw requests and inspections.

Final construction inspections, certificate of occupancy, punch list completion.

Rent begins per lease terms (after free rent period if applicable). Record commencement date.

Furniture, fixtures, and equipment installation. IT/telecom setup. Staff training and onboarding.

Operations begin at new location. Document move-in condition with photos. Lease lifecycle tracking starts.