What is an agile office lease?
An agile office lease is a direct lease between a tenant and landlord, but with the additional element of Swivel acting as a 3rd party to backstop our member tenants and mitigate risk to our landlords. This allows landlords to offer much more flexible terms than usual so smaller occupiers. Typical agile leases include a minimum lease commitment period with an extended option period where the tenant can choose to move out early and Swivel covers the penalty. This allows tenants to lease as much office space as they need when they need it. It offers portfolio diversity and rent premiums for landlords, affordability and convenience for tenants, and leasing efficiency for brokers.