Tenant Representation Tips

Add Up the Savings of Tenant Representation

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You already pay for tenant representation in your rental rate for a commercial real estate lease. Take advantage of it and you’ll see how much you end up saving.

 

A rental rate quoted for a space includes

  • the marketing costs for any leasing representative
  • the developer’s in-house marketing
  • compensation for the tenant representative.

If you don’t use your own tenant representative, the landlord’s listing agent—and advocate—gets the entire fee. You paid without having an advocate of your own. (more…)

Working With a Tenant Representation Firm

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Find out how a tenant representative works in the best interest of business owners who are looking for a commercial real estate lease or purchase.

 

Tenant representation describes a licensed real estate professional who represents only tenants and users of commercial real estate.

As the client of a tenant representative, you are certain that your agent has no conflicts of interest regarding building listings and landlord contracts. Your agent is on your side and represents only your interests.

Retaining a tenant rep is adding a partner devoted to the success of your company and to an efficient, economical and error-free real estate process. (more…)

Brokers Who Serve 2 Masters

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Ignoring the Elephant in the Room?

From “ITRA,” March 2008 Issue XXIII

DUAL REPRESENTATION BROKERAGE IS THE REAL ESTATE BROKERAGE INDUSTRY’S “ELEPHANT IN THE ROOM.”

Dual agency occurs when one commercial real estate company represents both the tenant and the landlord in a lease transaction. Sometimes it is one individual on both sides. Other times it is two individuals within the same firm.

When you use a dual agency, there’s an elephant in the room that you should not ignore. That is questioning where the agency’s or individual’s loyalties truly lie—with you the business owner or with the landlord? (more…)

Should You Hire a Commercial Real Estate Agent, Full-Service Broker or Tenant Representative?

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Each has a specific function and duty. Make sure you pick the right person for your commercial site selection needs.

You want to save time and money when it comes to selecting, negotiating and signing a commercial real estate lease or purchase. You want someone with expertise in the office, retail or industrial market that interests you.

In short, you need a commercial real estate broker, whether you’re looking for property in Tucson, Arizona or anywhere else in the world. (more…)

Give Yourself Plenty of Time to Relocate Your Business

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Many elements affect when you can move into new commercial real estate space. Here’s a schedule to keep you on task.

Ready to relocate your business to Tucson or elsewhere? You should begin your relocation efforts four to eight months before your move date. (more…)

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