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TENANT REPRESENTATION
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Tenant Representation and Site Selection Services
When there is a legal question to be discussed, the services of an attorney are utilized; when there is an accounting or tax question, the services of a certified public accountant are utilized; when there is a real estate issue, a real estate professional should be consulted.
Tenant Representation With the nature of lease transactions becoming increasingly complex, negotiation of a lease requires the services of a real estate professional. Three of the greatest benefits of engaging a real estate professional as a tenant representative are: (1) As a result of constant interaction in the real estate market, space that may not yet be available to the public will be identified for careful consideration, (2) The services of the real estate professional are typically paid for by the landlord, resulting in the delivery of a valuable service at no cost to our client, and, (3) the real estate professional is obtaining information and providing services that would otherwise require services of key corporate personnel taking them away from the primary objective of running the business.
Utilizing its knowledge and experience gained representing the interests of tenants and landlords for many years, L.I. Real Estate Exchange provides tenant representation services for businesses looking to lease space in office, industrial, and retail properties. Drawing from our knowledge of market conditions, the firm first determines space requirements, focusing on both current and future growth plans. Ergonomic analysis is conducted to determine the type and flow of the space needed. An evaluation will be conducted to determine the optimal area where relocation will be pursued.
After obtaining and evaluating this information, the firm's personnel conduct an exhaustive search to identify all available, appropriate, alternative locations. Each location is analyzed taking into consideration cost, convenience, access, transportation alternatives, parking availability and other qualitative elements. Recommendations are made ranking each location. Once consensus is reached, all aspects of the proposed lease are negotiated to obtain the most advantageous terms, at the lowest cost available. Upon completion of the negotiations of the significant deal points, if desired by the client, the firm's professionals continue to work closely with other corporate professionals to complete the contract. These services include interaction with and evaluation of the proposed space plan, if applicable.
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