Skip to content

Tenants’ Insurance Costs Up in California – Gone are Industry Standards

March 14, 2019

Note for 2019, insurance requirements by landlords are on the rise, not just for the amount of coverage, often doubling and tripling, but also the addition of new coverage catagories designed to fully protect landlords’ assests at tenants’ expense; no end in sight and no industry standards to rely on!

Negotiate in advance. As always, check the requirements per the lease well before negotiating the final lease rate and know that a lower lease rate is the single most effective way to adjust the overall costs wherever one may find them in the lease. As John Scatoloni notes, “Be prepared to pay for more higher coverage as insurance becomes a barrier for businesses in leasing space”.

Contact Encon Commercial for more strategies to reduce and minimize additional costs in leasing commercial space.


From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: