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Updated over 11 years ago on . Most recent reply

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James W.
  • Real Estate Investor
0
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56
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Who renews commercial leases? Property Mgr or Leasing Broker?

James W.
  • Real Estate Investor
Posted

I have a commercial retail building with 12 tenants currently. A few of the leases have expired and are now on month-to-month. I am using Cushman Wakefield as my broker.

My property mgr says they can renew my leases for free versus Cushman Wakefield will charge 6% of the term of the lease for renewals.

Do most landlords use their property mgr to renew leases or the leasing broker? Should I be using the leasing broker to renew the leases just to keep a good relationship with her?

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