What if I merely want to renew my lease for my current lease space, do I need a Commercial Tenant Rep Real Estate Specialist?
Your landlord is in the business of leasing commercial real estate. The primary business requires they implicitly know the market to include competition, rents, and other data surrounding the property. Likely, your landlord has an ongoing legal obligation to report to investors and lenders regarding facts and data regarding the property and surrounding market. Trust they know where they stand in the market before you start talking. In this vein, your landlord undoubtedly has a listing broker and dozens of relationships with brokers, property managers, and appraisers to keep abreast of the market. So, the question is really best answered with a question. Wouldn’t you want similar data and information, and more importantly knowledge of your actual, meaningful options before you engage in negotiations? Since it is in your landlord’s capital expense budget to pay your Commercial Tenant Rep Real Estate Specialist, and since the market will dictate terms and conditions for your transaction,
Related Questions
- Does the Commercial Tenant Rep Real Estate Specialist have a conflict of interest if money to pay their fees comes from a seller, or owner?
- What is the difference between a Commercial Tenant Rep Real Estate Specialist, and any other commercial real estate broker?
- How is a Commercial Tenant Rep Real Estate Specialist paid?
