What to Expect During the Tenant Representation Process
If you are considering a tenant representative to guide you in finding the right commercial real estate for leasing, you may wonder what to expect from the process. Experienced tenant representation is a way to find not only the ideal location to lease but also to understand and negotiate the lease to set your business up for success. Let’s take a closer look at what you can expect when you have the right tenant representative on your side.
What Is Tenant Representation?
Tenant representation is a form of commercial real estate brokerage. This means you have an agent who focuses on your needs and interests. The role is similar to that of a buyer’s broker for someone in the market to purchase a property. However, in this case, you are leasing. A tenant representative will guide a tenant through a commercial real estate leasing transaction—from start to finish. They take the stress out of the property finding and leasing process.
What Does a Tenant Representative Do?
Your tenant representative will handle several tasks related to your commercial real estate search and leasing experience, including:
- Helping you decide whether it’s best to relocate or renew a lease
- Finding the ideal commercial real estate space to meet your needs
- Explaining the conditions and details of a lease agreement
- Successful negotiating of the lease
Because as a tenant, you are not necessarily an expert in commercial real estate, your tenant rep will use their extensive knowledge and expertise to help you avoid mistakes and achieve the best outcomes possible for your business.
How Does the Tenant Representation Process Work?
When you hire a tenant rep, the first thing they should do is conduct a thorough needs assessment to get to know your business goals and commercial real estate needs. Then, they will be there with you every step of the way—from site selection and lease negotiations to lease expirations and renewals.
Having a tenant rep is like having your own personal commercial real estate expert. Your rep will make your business interests their top priority. While a landlord may be too busy to answer your questions, a tenant representative will answer all of your questions and help you get the information you need to make the best leasing decisions for your business. Tenant representation ensures you understand all the terms and conditions of a lease agreement, so you can move forward with confidence.
Secure Trusted Tenant Representation at McBride & Ceballos
At McBride & Ceballos Commercial Real Estate, we provide attentive, professional tenant representation so you can have the most successful commercial leasing experience. We understand that poorly negotiating a lease can be devastating to your business. Let us facilitate a smooth, hassle-free process that sets your business up for profitability.
Contact McBride & Ceballos Commercial Real Estate today to learn more about our tenant representation process or to get started.
