Importance of Tenant Representation
Just as the name suggests tenant representation is a kind of broker who works to represent the interest of the tenant in any and all commercial deals. Tenant representatives help in finding, negotiating and leasing commercial spaces.
Tenant representation is something that most people have not heard of and so do not have an idea of what it is all about. Just as the name suggests tenant representation is a kind of broker who works to represent the interest of the tenant in any and all commercial deals.
Tenant reps help in finding, negotiating and leasing commercial spaces. So the next question is, why are these tenants reps important to all those looking to lease/rent commercial spaces?
The first and most important thing is that brokers/tenant reps will always have your best interest at heart. Since you are the one who has hired them they will strive to ensure you get the best deals available.
Tenant reps also come in handy when you are looking at a variety of options in terms of what to buy. They also help in comparing properties, product types, etc. and in the end, you will be able to make wise decisions with whatever you will be buying.
In terms of networking experienced tenant reps have connections with those people who may be willing to offer them the best deals and in addition, there may be those high-value properties that may not be in the market as of yet and having a tenant rep with the connection may help you acquire such properties easily.
Tenants reps are also known to be very good negotiators when it comes to negotiating real estate deals. There is a lot that goes into it and a tenant rep who has knowledge in all these matters will ensure that everything works out well.
All in all a tenant rep would be someone very valuable to have on your side as you try to lease/ rent commercial spaces and properties.