Commercial Tenant Representation has made a name for itself during the past 15 to 20 years, since real estate agency laws required real estate brokers to disclose the party for whom they are working. Your goal in working with a tenant rep is to obtain true economic savings and secure space on terms that best serve your interests (not the landlord’s) over the life of your lease. While working exclusively on your behalf, a good commercial tenant representative will generate savings and benefits. Did you know that nearly 25% and as much as 40% of a company's budget is spent on real estate costs? Did you know that added to the rental rate is the cost of real estate broker's fees which will be paid entirely to the listing agent (Landlord's broker) and worst of all you will not have been represented?
I am a Commercial Tenant Rep. in the El Paso TX area. Below is my lease process:
1. Need analysis - this includes space analysis and finding properties that are most appropriate for your needs;
2. Market analysis- market research of target area;
3. Site inspection- property tours are scheduled. Coordination with architect, and or contractor to assist in final property solution;
4. Site selection- lease proposals, cost analysis of alternatives; and
5. Lease negotiations - terms are negotiated with assistance of legal counsel and Lease is drafted.
A typical lease agreement, depending on its complexity, may take between 2 to 4 months to complete.
Call for a free consultation to (888)845-2408 or Contact Us today.
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