Real Estate Lease Negotiation: Tenant reps @Troy_Golden1

Landlords will benefit by knowing some of what to expect when a prospective tenant has professional representation or consultants.

One of the greatest values a tenant representation broker can provide to his client is advice during the lease negotiation with a landlord. A professional landlord negotiates leases every day, with the help of a leasing broker and an attorney. The tenant, who rarely participates in the market, should even the playing field by enlisting the services of his own advisers. Remember, hiring a tenant representative broker doesn't cost you money, but it can save you money.

Below are best practice guidelines for commercial real estate lease negotiations. Please consider these tactics early in your space search process.

1. Develop Realistic Alternatives to Create a Competitive Environment

Read the whole article: Chicago Commercial Real Estate Review: Commercial Real Estate Lease Negotiation Tips.

If handled correctly, it certainly can be a win-win situation. Landlords and their managers should not automatically shy away from dealing with represented tenants. A well-represented tenant who knows he or she or they weren't dragged over the coals during the leasing process, who are dealing with a landlord/leasing agent who acted equally professionally throughout the process could very well turn out to be a great tenant who will recommend the landlord's properties to other potential, high-caliber tenants.

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.