When renting industrial area occupants have the choice of discovering rental area by themselves or requiring the assistance of a occupant representative to assist with the search. Looking for industrial area is a extremely time consuming process. If you are not familiar with the marketplace or do not have much deal experience you could wind up squandering a ton of time or potentially make contractual errors that cost you a lot of cash later on.
Misconceptions About Not Utilizing An Representative
Numerous occupants think that by representing themselves in the search and negotiation process the property owner will provide a discount on the lease rate,however that is not the case. In fact,the property owner may increase the rate and offer less concessions knowing that the occupant is not well-informed about present market conditions or the leasing process. Utilizing a occupant representative does not have a negative influence on the deal.
Also,many occupants do not understand that having a occupant representative does not cost them anything. When property owner’s buy structures they construct renting commissions into the proforma. If the occupant does not have representation then the proprietors pay their listing representative 100% of the lease commissions. If the occupant has representation then the property owner representative and occupant representative divided the commission. Occupants do not need to pay tenant reps,however they get all the benefits of having one.
Advantages to Having a Tenant Representative – You Will Understand Your Requirements Better
Seasoned tenant representatives