Tenant’s rep.
A Tenant’s representative acts exclusively on behalf of the lessee in a number of areas of specialisation, ranging from finding the most suitable property for the business, to negotiating the lease and reviewing the option. In reality, the role of a tenant’s representative is almost identical to a buyer’s agent.
It is standard practice in Australia to appoint and pay a real estate agent to lease out your commercial property. We have – until recently – been on our own when it came to dealing with multiple real estate leasing agents, finding and inspecting properties and negotiating the lease.
Leasing a property is one of the most important and stressful decisions a lessee makes… a decision which has significant financial implications.
In ways more than one, it makes sense to appoint an expert to help you lease a property. After all, if you are dealing with a professional leasing agent whose sole objective is to entice would-be lessees into paying their highest rent for a property, why would you not want the services of a skilled exclusive negotiator who knows what you want and how to achieve your objective for a fair market rent if not within your budget? And that is exactly why and how a tenants representative have, for many people, become a hassle-free way of finding and leasing their next property.
