Negotiating a Commercial Lease: Your Real Estate Agent is a Great Resource!
Negotiating a commercial lease takes a particular skill set. That’s why partnering with a real estate agent for your commercial lease is so important.
If you’re planning to move your office or upgrade the space you already have, you’re likely going to be navigating a commercial lease. This takes a particular skill. For a business owner who is wearing too many hats already, the idea of discussing lease terms, reading clauses, looking for loopholes and working out every other detail to ensure a good deal is time-consuming and tedious. This is why partnering with a real estate agent for your commercial lease is so important.
If you are already consumed with your company’s customer service issues, distribution details, marketing strategies and all the rest, then the time it takes to negotiate a commercial lease is time that you could be using in more productive ways. Hiring a commercial real estate agent to do the negotiating for you lets you concentrate on what matters: running your business.
Get a Better Deal
You know how to run your company. You probably do not know the ins and outs of a commercial lease. A real estate agent does. Understanding how leases work and how to get the best deal for you is his bread and butter. He can negotiate the length of the lease and look for hidden clauses. He can examine each clause and ask for more favorable ones. He also has the resources and contacts to quickly research comparable rents in the area to ensure that you are not paying too much. He knows the market in ways that you do not and uses this knowledge to your benefit.
Peace of Mind and Less Stress
Even if you take the time to read every word of a commercial lease, are you sure you really understand it? What if you sign it and then realize that it has a clause that could hurt your business? Hiring a real estate agent to navigate a lease’s terms is a way to avoid this stress. It ensures that you have not misinterpreted or overlooked something important and gives you the peace of mind that surprises will not pop up down the road.
If you are in the market for a new construction or a renovation, then please contact us. Our friendly, professional staff is standing by to assist and looks forward to working with you.