{"componentChunkName":"component---src-templates-articles-js","path":"/articles/3-things-non-profits-should-know-when-negotiating-a-lease","result":{"data":{"craft":{"entry":{"__typename":"Craft_Articles","title":"3 Things Non-Profits Should Know When Negotiating a Lease","slug":"3-things-non-profits-should-know-when-negotiating-a-lease","uri":"articles/3-things-non-profits-should-know-when-negotiating-a-lease","id":1099,"postDate":"1507003200","body":{"content":"<p><strong>1. </strong><strong>Rent is a critical component of your overhead</strong>: Real estate decisions are critical to non-profits for many reasons, including because rent is often the 2nd largest expense. You want to find the right space that balances supporting your budget and your mission. <br /></p>\n<p><strong>2. You will almost always pay real estate taxes</strong>: in traditional NYC office buildings, non-profits are typically responsible for their portion of a building’s real estate tax increases because the owner still pays them; if you have 10% of the building, you’ll pay 10% of the increase above a base. Exceptions arise when the building owner is exempt, and does not need to impose these taxes on tenants.</p>\n<p><strong>3. Security deposit is standard: </strong>don’t be blindsided by a security deposit. Though negotiable, asking for several months in security deposit is standard in NYC. The good news is typically you can negotiate 1 month of security deposit returned back to you every 2-4 years of your lease.</p>\n<p><em>We would love to be a resource for you. For more information, please contact Jane Brody at 212-880-3738 janebrody@vicuspartners.com or Matt Hopkins at 212-880-3743 mhopkins@vicuspartners.com. </em></p>\n\n<p> \n\n</p>"},"featuredImage":[{"__typename":"Craft_PrimaryAssetsVolume","url":"https://vicuspartners.imgix.net/the-big-apple-understanding-office-options.jpg","focalPoint":{"x":0.5,"y":0.5}}]}}},"pageContext":{"isCreatedByStatefulCreatePages":false,"id":1099,"house":"Gryffindor","fixed":false,"headerVariant":"default","showBurgers":false}}}