The who, what, when, where & why of Tenant Representation.
Property agents and landlords are working on behalf of owners, although these businesses may also offer tenant representation they will benefit from both fees paid by you and commission made selling and leasing properties for owners creating a conflict of interest in some cases. Here at Tenant Leasing Group we work solely in the interest …
What does “no conflict of interest” really mean? Read More »
Your Tenant Representative should bring experience, market knowledge, and a proven track record to the table. When you’re entering into a 3, 5, or 10 year lease (or longer!), you need to know you’ve got a practiced professional negotiating the best deal for you. Choose a Tenant Representative with a strong background in your key …
Tenant Representatives have access to the same database of available properties. Using more than one representative can result in more inquiries to the same property, resulting in the building owner misinterpreting demand and inflating rental rates. It would be more effective to find a tenant rep with more experience rather than more tenant reps, it …
Will I benefit from hiring more than one tenant representative for the same search? Read More »
Firstly - consider it if you are unsure of anything, and want clarity. Before renewing a lease consider negotiating new terms or obtaining needed improvements. Even with an option to renew, the tenant is always able to renegotiate the terms. Often the marketplace has changed and the terms of your option-to-renew that looked good five …
Are there any other times to consider engaging a tenant representative? Read More »
You should expect a tenant representative to act only in your interest, and to give you advice tailored to your situation. The tenant representative should help you determine how much space you need, what is your most important selection criteria, and then find and negotiate the space that best fits your needs. When it comes …
If I hire a tenant representative, what should I expect from them? Read More »
Yes, the leasing agent has the listing of the property and represents the interest of the owner of the building, whereas a tenant representative works for the interest of the tenant in the lease. Some agents work exclusively on listing while others take on tenant representation only. Other agents will work with both.
If you start talking to a tenant representative as soon as you start thinking about opening a new space you are able to establish your needs, get a better idea of costs involved with the lease and leasing process, and make the most of off market opportunities.
Tenant representation is when an industry professional works on behalf of someone entering a lease, and supports the tenant throughout the leasing process. Here at Tenant Leasing Group we specialise in working with a range of business and non-business clients to fulfill retail, commercial, industrial, and other property needs. Get in touch.