Entering into a commercial lease can be a complex and overwhelming process. Is it realistic to expect tenants to know every detail of the lease, understand exactly what to ask for, and negotiate effectively? Does this require months of training and effort to perform competently? The entire process can indeed be daunting. Fortunately, tenants don’t have to go through it alone. A tenant representative can guide them every step of the way.
Typically, a tenant representative is a licensed commercial real estate agent who advocates for the tenant during lease negotiations and discussions with the landlord and their representative. While having a tenant representative is not mandatory, their expertise can be invaluable in ensuring all the details of a lease are thoroughly addressed. These knowledgeable professionals are dedicated to protecting your interests.
Landlords are not obligated to inform tenants of their right to a representative, but doing so can prevent misunderstandings and complications before and after the lease is signed. Including this information helps ensure that tenants are not overwhelmed by the complexities of the lease.
A tenant representative can provide a range of services for their clients. They can conduct a location analysis to determine if relocating is beneficial for the business, assess the building’s condition, recommend necessary repairs, and address safety concerns. Having a reliable tenant representative increases the tenant’s negotiating power simply by having a professional on their side. As long as the representative has no conflicting interests and clear payment guidelines are established, their primary goal is to simplify the tenant’s life.
If you want to learn more about commercial real estate or need the services of a tenant representative, EASE CRE is here to help. Contact us to find out more.
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