Commercial leases are long, complicated documents that
often require the assistance of attorneys and real estate professionals.
Your Landlord has hired the best help money can buy to advise him, so why
don't you? Office rent is typically the second or third largest expense
for most companies. As such, companies must carefully qualify, quantify,
and analyze space options prior to making lease decisions to ensure they
are negotiating and receiving the best options available.
This is where TRG Advisors comes in. You're able to access our business
expertise, free of charge, and have someone represent you whose only
fiduciary responsibility is to you, not the Landlord. Our team invests the
time and energy necessary to understand your business and help ensure the
space you lease meets and exceeds your business needs. And, since
commercial real estate commissions in broker assisted transactions are
typically built into the rental structure, there is no direct cost
to you for using our services.
It's often true that a 'legally acceptable' lease can turn a great
office space into a bad business deal. Most companies only lease space
every 5-10 years and cannot accomplish what a commercial leasing
specialist with in-depth market knowledge is able to. TRG Advisors'
concentrated market expertise and guidance can protect a company from very
costly, inadvertent errors and also can secure the best business terms and
conditions for the life of the lease and beyond. An advocate that is
knowledgeable of and proficient in dealing with local lease options can be
vital in guiding and managing a successful office leasing process. As
such, you can expect the following from a TRG Advisor Tenant
Representative:
- Spot and neutralize potential pitfalls or "standard terms"
in the 20-50 page "standard lease agreements" which are written
by landlords to protect their interests. These "standard leases" are
loaded with hidden business terms that are easy for tenants to overlook
without expert professional Tenant Representatives. The lease document
will govern in disputes. Favorable, or at least even-handed, lease
provisions are the best medium for recourse. Lawyers don't provide
complete protection. They are not trained to analyze business issues
responsible for many hidden and excessive leasing costs. Lawyers are not
experts in building operating systems. Oftentimes, they have never
visited the negotiated premises and miss many problems because they
didn't know that the lease did not address certain key factors that must
be seen to be appreciated and avoided.
- Achieve lower total occupancy costs, more concessions,
improved lease flexibility, and minimized hidden costs because
of Tenant Representative's negotiating skills and familiarity with
important building and market conditions. The landlord's business is
leasing space and maximizing the value of their assets, specifically
your building. This is accomplished by extracting the highest price per
square foot and incorporating into the lease the most conservative
business and legal provisions possible. A good real estate lawyer can
help protect your legal interests, but often isn't equipped to advise on
business points. A good Tenant Representative will improve your
immediate and future business terms, which complement a good commercial
real estate attorney's legal protections.
- Be familiar with competing buildings. Developers
and landlords know that tenants with experienced Tenant Representatives
can shift negotiations if they do not proceed smoothly. This alone can
save tenants substantial amounts of time and money.
- Have extensive knowledge of product and the
process. This in-depth market knowledge of specific buildings
and prior deals puts the client on equal ground with professional
full-time landlords and their contracted agents.
- Establish an exclusive relationship to secure a fiduciary
obligation whereby a trusted and skilled professional is
accountable to you for a results-oriented performance.
- Create credibility through professionalism with
landlords to minimize complications in a transaction.
- Be entirely objective with no conflict of interest
and never promote a specific product.