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Category Archives: Tenant Representation

About Tenant Representation and Why You Need a Tenant Representative

As a tenant; you may negotiate one lease every three to five years. However, landlords negotiate leases almost every day. Who then has the upper hand?

Having a dedicated tenant representative on your side levels the playing field. A professional, client centric, tenant representative will listen to your space needs and specific criteria as well as understand your business plan and budget expectations. Only when they have listened and taken the time to learn your specific needs and requirements can they truly go into the marketplace and work hard to provide viable solutions for you and your business.

Can you afford to be away from your business, driving around writing down phone numbers? Wondering if the leasing agents or property owners will even return your calls? Will they think you are just “kicking tires?” How would you know if you are getting lease terms that are fair and within what the market is currently dictating?

Utilizing the expertise of a top tier tenant representation specialist will: (change it to a bullet point list)

* use all available property data bases to quickly research available space in a given market area based on your specific search criteria – saving you the time and inconvenience of driving around, leaving messages and waiting for a phone call that may never come.

* speak “their” language because they are licensed brokers and agents working specifically on commercial leasing and purchase transactions.

* know current trends in the local market – you benefit from their years of experience in negotiating deal points.

* will have NO CONFLICTS OF INTEREST – they will not show you “their” buildings because they do not represent Landlords or property management companies.

* provide continuous, dedicated representation through the leasing process – they don’t get paid until YOU are satisfied with the term and execute a lease.

* will continue the relationship after you commit to a space – providing ongoing support and advice to get your new office, retail or flex space up and running.

* keep your terms and concerns confidential – unlike a leasing agent who will relay your comments back to the Landlord to be used in the negotiation.

* work hard to earn your trust. Their business depends on referrals as they do not have signs on buildings like landlord representatives and property managers.

* will present honest, unbiased feedback on all spaces and buildings then assist with analyzing the options prior to scheduling a property tour.

* create leverage, to your great advantage, during lease terms negotiations.

Click to learn more about Tenant Representation or get in touch with us today!