If you need office space, or it’s time to renew your current lease, or you want to consider buying a building, should you use a tenant rep? In this episode we address these questions and plenty more!
Why should someone use a tenant rep, and, what exactly does a tenant rep do?
Conflicts of interest.
How can someone know who represents who in a transaction?
Can’t a broker represent both parties to a lease or sale?
Can’t the agent work exclusively on one deal for the tenant and exclusively on another deal for the landlord?
Does a conflict of interest occur only if a broker tries to represent both sides of the same transaction?
What does a company have to do to make sure they have a broker work exclusively for them?
Doesn’t the landlord’s rep know the building better than the tenant rep does?
Shouldn’t companies use more than one tenant rep to be sure they don’t miss something in the market?
It seems like there is a lot of specialization within commercial real estate. Why is that?
How should a tenant interact with their landlord once they hire a tenant rep?
What does it cost to use a tenant rep?
What if the landlord offers to pay the tenant the commission if they don’t use a tenant rep?
What issues do tenant reps negotiate in addition to the rental rate?
So how does someone find the right tenant rep to help them?
Many people pick their tenant rep based on who they know from college or the country club. Is that a good idea?
If someone has a great relationship with their landlord, should they still engage a tenant rep?
Once the lease is negotiated, does a tenant rep’s service end?
Thanks to our sponsor, REATA Commercial Realty, Inc., which is a tenant advisory firm exclusively representing companies and non-profits which lease or purchase office, medical, flex and warehouse space.
