Commercial Real Estate Tenant Representation with Lease Renewal

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Using commercial real estate tenant representation can be helpful with a lease renewal for a few reasons.

 

Helps Create Leverage: Many landlords won’t give concessions if they are certain a tenant will stay. Tenants should treat the renewal process the same way they would as if they were planning to move. Using commercial real estate tenant representation can help with this, even if you aren’t intending to relocate.

 

Gain Market Insight: Taking the time to go through the site selection process isn’t just about how leverage can help you understand the market, which may have changed since you signed your lease. Understanding the current market can give you perspective on how poor or good your lease terms are.

 

Negotiate Better Terms: Renewals save a landlord money but the tenant should also see some of the benefits with better terms. Tenant representation can accurately calculate how much of the benefit you should get.