Top Tips for Negotiating Commercial Leases - #9 Talk to Other Tenants in the Building

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Commercial Real Estate Agent with REATA Commercial Realty, Inc. Texas 537349

Okay, so you found a building you really like and you have negotiated what you think is a pretty good deal....or your tenant representative has done that for you. So now you are ready to charge forward with the lease itself so you can get the construction done and move in. Right?

Wrong.

You should talk to some of the other tenants in the building. Or at least be sure your tenant rep does. It’s important to know what the current tenants think of the building and the landlord. How are they being treated? How does the landlord maintain the building? If other tenants aren't happy, what makes you think you will be?

When someone is trying to sell you, do you think they may treat you differently than after they have sold you? Do treat your spouse differently after 15 years of marriage than you did while you were courting?

Don't make that mistake with a contract (lease) which is going to last 3-10 years with possible renewals. Find out what the landlord is like before you sign on the dotted line. In my primary target markets of Plano and Frisco, I proactively go talk to tenants to see what they think of their landlords before I even have a tenant considering the building.

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_________________________________________________________________________

Bob Gibbons

REATA Commercial Realty, Inc. | 1211 E. 15th Street, Plano, TX  75074

972-468-1946 p | 866-439-8015 f | 972-984-8580 m

bob@texastenantrep.com | www.TexasTenantRep.com

 

 

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Texas Collin County
Tags:
plano
frisco
negotiation
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lease
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Rainer
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Art Hademan
Century 21 Real Estate Center - Mount Vernon, WA

Yup, Yup, Yup!

Commercial is just a tad bit different than residential.

Always good to talk to other tenants before doing anything.

Mar 02, 2011 12:20 PM #1
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Rainmaker
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Bob Gibbons

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