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Updated over 10 years ago,
Tenant or Landlord Leasing Real Estate with Ideal Locked In Place Lease Rates & Terms for Many Years?
Are you a Tenant or Landlord Leasing Real Estate with Ideal Locked In Place Lease Rates & Terms for Many Years for Commercial or Industrial Real Estate?
Unsure & Unclear About Over Paying or Under Receiving Rent for a Space, Building or Property at Par or at its True Fair Market Rent?
As a Tenant or Landlord, get Location Advice to be Completely Confident & Absolutely Sure of Paying At Par or Market Level Rental Rates.
Retain Skilled Real Estate Appraisal Services from a Real Estate Appraiser that is Professional & Objective, an Independent, Neutral Third Party to Look Out for Your Best Interests & Obtain a Real Estate Appraisal Report that is Credible & Well Supported or a Real Estate Evaluation Report from an Advisor or Consultant – Have Peace of Mind, similar to an insurance policy for a big ticket item decision. Real Estate Leasing is a big investment decision that could haunt you for 3, 5 or even more years during your lease term, locked in for hundreds of thousands of $$$’s - Need to make the right one choice, the first time to not be set back as the key is to obtain the best lease rate and terms in the beginning when the lease contract is first signed.
Dilemma for Tenants Leasing spaces or buildings for the business from Landlords regarding Accurate Lease Rates Paid: There are numerous complaints from Tenants & Landlords, many state that they Cannot solely Trust their Lease Listing Real Estate Broker or Real Estate Agent or Tenant Representation Broker or Agent as they are mainly Commission Motivated as they are compensated only when the lease transaction is completed.
Tenants & Landlords feel that no one is in their corner for them - Especially when Real Estate Brokers or Real Estate Agents are Dual representatives, representing both parties simultaneously, a huge conflict when Due Diligence to properly Underwrite Rental Value to ensure Optimal Net Effective Rent Occupancy Cost Analysis & Research for the lease is not undertaken in order to limit risk.
Major Real Estate Appraisal Rent Issues as All Items are Negotiable, Greatly Affecting Lease Payments over the term: There are many items to consider as part of renting space:
1) Base Rent: Just the monthly rent being paid, is this Below vs. At vs. Above Market Level Lease Rates?
2) Additional NNN's or CAM's: On top of base rent, what are extra Operating Expense Pass Thru's that tenants pay to landlords for the proportionate or pro rata share of space?
3) Expense Basis: Is the lease Full Service Gross, Modified Gross or NNN?
4) Annual Base Rent Increases: Flat, Consumer Price Index or Stepped?
5) Term: Ideal to lease for 3 vs. 5 vs. 10 years?
6) Free Rent Concession: How much Rental Abatement should there be?
7) TI’s: How much Tenant Improvement monies should the landlord be providing to the tenant to improve the space or building?
Conclusion: There are numerous factors to consider, retain a specialist expert real estate appraisal report from a real estate appraiser or real estate evaluation report from an advisor or consultant for location advice and to save enormous amounts of money and fixed operating costs.