10 Reasons You Need a Commercial Tenant Rep on Your Side

Think you can handle your own lease and rental for your commercial property? While it is possible having a tenant representative on your side can really benefit your business in a variety of ways. Here are 10 reasons you need a commercial tenant rep on your side.

#1. You may not know exactly what you need.

Companies can move into buildings believe that the location is perfect and they have the right amount of space only to find out later they've misjudged their estimates. Using a tenant rep ahead of time, they can help evaluate your needs and match you with the space that's perfect for you and your company.

#2. Time is money.

Do you want to spend the time and money it takes to track down and research the best spaces to lease? If you give these responsibilities over to a tenant rep broker you can devote more of your time to actually running your company or business.

#3. The landlord is not on your side.

The landlord is there to make money and even if you're dealing with an ethical person, they don't have your best interest at heart at all times. They will want a deal that benefits them so tenant representatives can act as your advocate to get you the best deal.

#4. Avoid legal jargon.

Even landlords have a hard time with all of the lawyer verbiage but a tenant rep can explain the sometimes confusing legal words and jargon so that you don't have to bust out your dictionary just to understand the logistics of the contract.

#5. The market can be tough.

Understanding the real estate market in your area is crucial to getting the right deal from your landlord. Using a tenant rep broker that knows the market inside and out can give you a better idea of the condition so that you don't overpay for a space.

#6. Lengthy lease negotiations.

Lease negotiations can take a long time during a commercial lease transactions so your tenant representative will be on your side the entire time explaining the process and ensuring it goes smoothly so that you get the best deal.

Related: Cost Saving Strategies to Reduce Rental Expenses

#7. Commercial leases can be confusing.

Your attorney should review your commercial lease but is still important that you understand all the terms to which you are agreeing to. An experienced tenant rep can explain every detail and help you understand the terms in plain English.

#8. A connection to the industry professionals.

A tenant rep has excellent connections to real estate attorneys, architects, construction professionals, and space planners and can provide supportive business and ownership support.

#9. Conflict free service

If you're working with a dedicated tenant rep you have a conflict-free relationship that you can trust your tenant rep and know that they're putting your interests first. Real estate agents have multiple clients that need their attention at all times but a tenant rep is usually singularly focused on one commercial business venture at a time. Contact Pam Pester with MobilitiCRE for more details on this.

#10. Upfront consulting.

Tenant reps understand that you are an expert in your own business; it's what you know and what you do. So a tenant rep will spend time with you to understand your business, how it operates, its history, and where you plan to go. From here, they can work with you on the specifics of the space needed and use their knowledge to refine it getting you the best deal on the best location.

A tenant rep is definitely a good way to go when it comes to finding the right location and space for your business, Fort tenant representation in the Tampa Bay area, contact Pam Pester.

Need an agent in the Tampa Area? Contact Tampa Team TLC