{"id":5561,"date":"2020-03-09T08:00:42","date_gmt":"2020-03-09T14:00:42","guid":{"rendered":"https:\/\/www.lee-associates.com\/idaho-dev\/?p=5561"},"modified":"2020-03-06T13:08:23","modified_gmt":"2020-03-06T20:08:23","slug":"should-a-tenant-use-a-broker-for-representation","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/idaho\/2020\/03\/09\/should-a-tenant-use-a-broker-for-representation\/","title":{"rendered":"Should A Tenant Use A Broker For Representation?"},"content":{"rendered":"<h1><strong><span style=\"font-size: 12pt\">Tenant Representation<\/span>\u00a0<\/strong><\/h1>\n<p style=\"text-align: justify\">Who is looking out for your best interest when signing a new lease or a renewal? Will the Landlord look out for your best interest? A good Tenant rep broker will look out for your interest specifically as a Tenant, and advocate for your needs with the Landlord.<\/p>\n<h2 style=\"text-align: justify\"><span style=\"font-size: 12pt\"><strong>What Does It Cost<\/strong><\/span><\/h2>\n<p style=\"text-align: justify\">Does a Tenant rep broker cost money? Not typically, usually the Landlord pays the broker a commission or a finder\u2019s fee. A Tenant rep broker is the best choice when considering whether to self-represent or use a broker. There are several things that a good Tenant rep broker will do: bring value by knowing and understanding the market, leverage and negotiate on your behalf, and assist in understanding the total cost of the lease.<\/p>\n<h3 style=\"text-align: justify\"><span style=\"font-size: 12pt\"><strong>Market Knowledge<\/strong><\/span><\/h3>\n<p style=\"text-align: justify\">Having good Tenant representation will level the playing field. How much market knowledge will a Tenant have vs a Landlord? How much time do you as a Tenant have to learn the market, and make sure that you are getting a good deal? I would imagine if you are running your business, you have a specialty, and time management is important. It makes sense to <a href=\"https:\/\/www.lee-associates.com\/idaho\/our-team\/\">hire a broker<\/a> to represent you that is immersed in the market. They have the knowledge to assist you in making a good, informative decision. A Tenant rep broker will have in-depth market knowledge, and be able to do a lease analysis on the presented terms. The broker will also negotiate on your behalf with the Landlord. Typically, a good broker will be able to solve problems, think outside the box and present solutions for any issues that arise.<\/p>\n<h4 style=\"text-align: justify\"><strong>Representation<\/strong><\/h4>\n<p style=\"text-align: justify\">When you use a Tenant rep broker you are making Landlords compete for your lease. When the Landlord knows that a broker is going to be showing a Tenant all the other properties on the market, they are more likely to negotiate and compete for your business. This usually results in a lower lease rate and more favorable terms. Companies that use a tenant rep broker typically end up paying less for their space.<\/p>\n<h5 style=\"text-align: justify\"><span style=\"font-size: 12pt\"><strong>Avoid Making Mistakes<\/strong><\/span><\/h5>\n<p style=\"text-align: justify\">A good broker will help you avoid making mistakes as well as save you money over the term of the lease. In addition, they will\u00a0 assist in choosing the best location, evaluate market trends and demographics of your new or proposed location.<\/p>\n<p>&nbsp;<\/p>\n<p>Tenants have nothing to lose by choosing a broker to represent them!<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify\"><strong><em>\u201cTenant<\/em><\/strong> <strong><em>representation<\/em><\/strong> <strong><em>brokers<\/em><\/strong><em> are basically what they sound like; they handle the <\/em><strong><em>tenant<\/em><\/strong><em> side of commercial real estate transactions. Sometimes referred to as <\/em><strong><em>tenant<\/em><\/strong><em> advisory or corporate services, a <\/em><strong><em>tenant<\/em><\/strong> <strong><em>rep<\/em><\/strong><em> is there to assist companies and organizations throughout the entire leasing process, from the initial needs assessment and site selection to occupancy, lease expiration, and beyond.\u201d <\/em><span style=\"font-size: 8pt\">**https:\/\/aquilacommercial.com\/learning-center\/what-is-tenant-representation-broker-what-they-do\/<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tenant Representation\u00a0 Who is looking out for your best interest when signing a new lease or a renewal? Will the Landlord look out for your best interest? A good Tenant rep broker will look out for your interest specifically as a Tenant, and advocate for your needs with the Landlord. What Does It Cost Does a Tenant rep broker cost money? Not typically, usually the Landlord pays the broker a commission or a finder\u2019s fee&#8230;.<\/p>\n","protected":false},"author":33,"featured_media":5573,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Should A Tenant Use A Broker For Representation? - Lee &amp; Associates Idaho, LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/idaho\/2020\/03\/09\/should-a-tenant-use-a-broker-for-representation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should A Tenant Use A Broker For Representation?\" \/>\n<meta property=\"og:description\" content=\"Tenant Representation\u00a0 Who is looking out for your best interest when signing a new lease or a renewal? 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