Tenant Rep Tips

When you sign on with a tenant representative, you want to be ensured that he/she will handle your business’ best interests. It is important that your relationship with your tenant rep is strong, and your needs are served before the landlord’s. When you consider how many times you expect to lease office space, compared with how often a property owner rents out buildings and offices, using the services of listing agents and Realtors, you might expect that you do not have the upper hand. This doesn’t have to be the case, for a tenant rep can save you money in the long run. Here’s how.Fees: A reputable tenant fee will be paid for the amount of work done, whether hourly or by predetermined flat rate.

Market Knowledge: A tenant rep is always up to date on real estate trends and incentives, and will know where to find the best deals for you.

Financial Knowledge: A tenant rep has the financial experience to analyze the cost effectiveness of one property over another.

Negotiation: A tenant rep lends professionalism to your negotiations with landlords. With representation, your business will know where to draw the line if and when you reach an impasse with a landlord.

Documentation: Tenant reps have the training to cut through legalese and help you understand what is going on in the leasing process.