A tenant representative is a professional realtor who is educated and trained to handle all aspects of a commercial lease including negotiations with the building owner regarding all the terms and conditions of such a document. Most employees of a company are not educated to handle these potentially difficult negotiations.
One of the most common impressions of hiring a tenant representative is the expense it will cost to the business; however, consider the list below showing the advantages of getting such an agent before you let cost be your only factor of consideration:
Reports to Help with the Decision - Part of what these agents do is to gather all pertinent information and present it to a client to help make the decision that is best for their client. You know your own agent is representing only you and has your best interest in the negotiations. The report your tenant representative provides is a detailed analysis of factors that should be considered for the best interests of the company.
Personal Advocate -This agent has only one primary interest and that is what is best for your company. Whether you decide to remain where you are or move to another location, a tenant representative will inspect the physical office space for damage and recommend repairs, negotiate the lease with the landlord and generally overlook the whole process. You can find a tenant representative on this website!
Saves Time - It would take time for the business owner or a designated worker to do the necessary research to make a wise financial decision when it comes to where to locate your business. The tenant agent will do all the work for you, present it to you in a usable format, and leave you able to make the best decision for your company. You will be free to keep working and not worry about any re-negotiation process.