Friday, May 15, 2009

Why Use a Tenant Representative?

Are you looking to relocate, consolidate, sublease, acquire new space or dispose of excess space? For most companies this is not an every day occurrence but a task possibly every 3 to 5 years or more. But before beginning this process, ask you yourself if you have the time and expertise to research the market of available opportunities? Do you know the market leasing rates and incentives being offered today? Do you have the time and expertise to negotiate with landlords while handling all of your other job responsibilities? If you answered no to any of these questions, then consider engaging a tenant representative to work on your behalf.

The leasing process is generally a complex, time-consuming task and full of potential problems. Hiring a good tenant representative can eliminate many of the hassles, save you a substantial amount of time and generate cost savings.

What are some of the benefits to using a tenant rep?
- Acts as your guide through the leasing process
- Analyzes your space needs to avoid leasing too much or too little space
- Shares their knowledge of asking rates and incentives available in the market
- Assists in negotiations to obtain terms that meet present and future needs of your business and avoids critical mistakes
- Serves as a buffer between you and the landlord to keep your relationship with the landlord cordial
- Handles the paperwork necessary to complete the transaction and other details of lease negotiation

Your primary business is running your company. Allow a tenant rep to help you find the right space with the best possible terms and conditions and save you time and money. Call today for a free copy of an Office Space Planning Checklist.

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