When it comes to leasing a property, hiring a tenant rep can make things much easier. Tenant reps are aware of city codes and regulations that could end up costing you way more than initially expected. It is their job to provide you with their expertise and inform you whether or not the space you are interested is leasable.
Tenant representatives are also knowledgeable in the value of commercial real estate in their market. Why is this important? They know the worth of the property that you are interested in leasing. Tenant reps will inform you whether what you will be paying is over-priced or if it is what the market standard is.
Another reason that the reps help you out is through negotiation. Their job is to align your leased space with your business goals. They will handle termination options, right of first refusals, a renewal option, as well as other factors that would be difficult to obtain without professional help.
If you would like to know more about obtaining a tenant rep, feel free to contact Bender Commercial.
To read more about the importance of tenant reps visit The Broker List.