5 Reasons Why You Need a Tenant Representative
harkins / November 7, 2016
If you are looking for a commercial real estate space to lease for your business, a tenant representative should be a necessity to make sure that you get the right deal for the right price. There are several reasons why a tenant representative should be included in your acquisition of the right commercial real estate space. Here are five of the most convincing reasons.
Easier to Acquire the Right Space
As would be expected, the best commercial real estate spaces go rather quickly. In fact, many of these spaces are taken before they are even available to public systems. A tenant representative has the tools necessary to acquire these spaces to ensure that you get the right space for your business rather than a leftover.
Tenant representatives are experts in the markets that they work. Based on their knowledge of their specific market. They will be able to tell you whether or not you are getting a good deal or a bad deal. They also will know which lease terms are common in the area that they work, which will allow them to tell whether or not the offer from the landlord is reasonable.
Negotiations for commercial real estate can be long and complicated. However, tenant representatives are experts in the negotiation of these deals which means their involvement will help to ensure that you will get a much better deal than if you attempted to negotiate it on your own.
Looking Out for You
When you are negotiating a commercial real estate deal, the landlord will most likely have a representative that is ethically and legally bound to looking out for the best interest of the landlord. So it is only fair that you have someone looking out for you too. A tenant representative will be there to make sure that your interests are protected.
It’s Already Been Paid For
Both sides of a commercial real estate transaction are almost always paid for by the landlord. Because of this, the fee for a tenant representative is included in the cost of the space you are looking to lease. So if the tenant representative has already been paid for, there is no reason not to use it.
When you are looking for a commercial real estate space, a tenant representative can be your best friend. They are experts in their particular market and at negotiating commercial real estate deals. They will also be there to look out for you during the process. If you are in need of a tenant representative for your next deal, call on Harkins Commercial Real Estate.
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