Negotiating a Commercial Lease with a Landlord (3 Important Strategies to Save Money)

No video

Negotiating a Commercial Lease with a Landlord (3 Important Strategies to Save Money)

Рет қаралды 17,162

Күн бұрын

Negotiating a Commercial Lease with a Landlord (3 Important Strategies to Save Money). In this video, I give you 3 Tips for winning lease negotiations. For more Real Estate Tips & Tricks 🔴SUB now: bit.ly/3tcVaS3
Leasing commercial office space is a challenge because the deck is stacked heavily in the landlord's favor. In order to overcome this disadvantage, commercial tenants need to properly develop a strong strategy to win commercial lease negotiations with their landlords AND save money in commercial real estate. This video shows why using a commercial real estate broker who understands the market can help advise commercial tenants and buyers at the highest level, ultimately helping them pick the right office space, handle the process the right way, and receiving the best terms in the marketplace.
GET AN COMMERCIAL AGENT REFERRAL ANYWHERE IN THE COUNTRY HANDPICKED BY ME: call or email to discuss your requirement
WANT ME TO HELP YOU:
✅ BUY/SELL A COMMERCIAL PROPERTY: www.mirlorep.c...
✅ FIND A NEW OFFICE SPACE: www.mirlorep.c...
✅ NEGOTIATE A LEASE RENEWAL: www.mirlorep.c...
RESOURCES:
✅ FREE LEASE EVALUATION: www.mirlorep.c...
✅ HOW MUCH SPACE DO I NEED: www.mirlorep.c...
GET IN TOUCH:
✅Website: www.mirlorep.com
✅Email: blackbirds@mirlorep.com
✅Phone: 734-489-9676
✅Instagram: / mirlo.rep
✅Facebook: / mirlorep
✅Twitter: / mirlorep
✅LinkedIn: / nick-zagar
Since 2005, Nick has successfully negotiated over 1,000 real estate transactions including leases and sales. Nick is a highly experienced Real Estate Broker understanding both sides of the transaction (both buyer/tenant and seller/landlord) which gives him a leg up as a Tenant or Buyer Representative or Agent.
In 2021 Nick started Mirlo Real Estate Partners, a brokerage company that strives to provide its clients information and service at the highest level available so they can make the right decisions for their business. Nick approaches negotiations with a direct, creative and problem-solving style and has a powerful ability to quarterback the deal from start to finish. Additionally, Nick has an intuitive sense for layout and workflow and an eye for interior design. Although Nick has earned several notches on his belt, he has the experience to know each client is different and has different needs thus Nick works closely with each client to deeply understand their operations. The real estate market is always in flux so it is Nick’s mission to be constantly learning and growing to best serve his clients - Nothing makes him happier than helping to improve people's lives by helping business owners save money in a high workspace that best fits their needs.

Пікірлер: 26

@mirlorealestatepartners 3 жыл бұрын

Are you looking for new office space or in the process of renewing an existing one? What has been your experience and what would you do differently if you could go back in time and do it over?

@estrella4056 2 жыл бұрын

I would like to contact you directly to get more help in learning more about renting etc

@vsaldivar48 6 ай бұрын

Nice ! Thanks for the help

@mirlorealestatepartners 4 ай бұрын

No problem 👍

@SliceOfSabby 3 жыл бұрын

My go-to realtor!!!

@mirlorealestatepartners 3 жыл бұрын

Ha - love it. I really appreciate your mentorship!

@SliceOfSabby 3 жыл бұрын

@@mirlorealestatepartners sorry I am just a KZfaqr. You must be talking about the guys at @agentontube

@dawnmichellekaplan2554 Жыл бұрын

Is it standard to ask the landlord for the previous CAM breakdown on previous years before getting involved with a lease? The place looks not updated, and I want to see what we would be paying for as far as CAM.

@mirlorealestatepartners Жыл бұрын

Yes, understanding the historical operating expenses will help you understand the total cost of leasing a space. Additionally, it will give you a sense of how these expenses vary over the term of your lease.

@tiffanyhayesrealestategrou6973 2 жыл бұрын

Great video. Thank you for presenting both sides. Question: I represent a tenant. The landlord's agent appears to be stalling on presenting our terms to the landlord. He is nitpicking the lease application financials, wanting to know a lot of miscellaneous details, and appears to want to overcharge compared to other spaces in the area. Now he is asking for the business plan and delaying more. My clients are solid, experienced, great credit, and have a year's worth of reserves in the bank. How can I press the landlord's rep to present our terms to the landlord and push this deal forward? It is becoming a bit frustrating. The space has been vacant for maybe 1 year, and, to my knowledge, there are no other interested parties. Do you have any suggestions?

@mirlorealestatepartners 2 жыл бұрын

These are great questions, but not super easy to answer in this format. I'd be happy to connect by phone and discuss further...But to achieve the best deal and get fair terms it makes sense to negotiate at multiple locations at once. It is a trick that many listing agents use to slow things down when you want to go quickly, and there may be things going on behind the scenes. They may be being cautious or they may be trying to tee up multiple deals for the Landlord to choose from. That being said, if you presented terms, they should have presented the terms to the LL. What is it about this location that makes it stronger to your client than the other options?

@tiffanyhayesrealestategrou6973 2 жыл бұрын

@@mirlorealestatepartners Thank you for your response. My clients have an existing customer base in this area, and opportunity to grow their target audience here. Additionally, this is a great location because it feels safe to customers coming in later evening hours. Unfortunately, it does not appear that the listing agent is taking my clients seriously and continues to put us off -- even though he is satisfied with the business plan, financials and credit. Anyway, thank you for your thoughts.

@estrella4056 2 жыл бұрын

I have a question i am going to an appointment with the gentleman to show me a building i want to rent what are the main questions to ask and how to negotiate and get free rent 6months or longer short and simple also well explained thank you 🙋

@mirlorealestatepartners 2 жыл бұрын

Great question! You want to make sure that the gentleman showing you the property only represents you and not the landlord. Many concessions are available to commercial tenants including free rent, tenant improvement dollars, reduced rent and escalations, etc. To achieve a deal with the most concessions, you and your agent will need to fully vet multiple spaces and negotiate hard on the specific points that are most important to you. Understanding the market better than the Landlords you are negotiating with will help guide you to the best terms. To best answer your question, I'll need more details for suggestions to go about it. For example, do you need the free rent to cover costs to build out your suite or simply to ramp up operations? What is the condition of the space? How long of a lease term are you comfortable signing? All of these variable play into the terms you will ultimately receive. If you have specific questions about your situation feel free to email me directly at blackbirds@mirlorep.com

@imranrealtor8303 2 жыл бұрын

How much commission percent charge on commercial??

@mirlorealestatepartners 2 жыл бұрын

Hi Shaik, it depends on the deal. Typically, total is 6 or 7%, split between Tenants and Landlord's agent.

@user-pi1cj9kj8s 8 ай бұрын

Get to the point. I know why im here!

@mirlorealestatepartners 4 ай бұрын

sorry, I'm new at this!

@user-pi1cj9kj8s 4 ай бұрын

@@mirlorealestatepartners My bad, I was probably stressed as hell. Thanks for the vid.

@evelenfaustin6856 Жыл бұрын

The broker informed me that i have to pay 2 brokers fee. Is this a scam?

@mirlorealestatepartners Жыл бұрын

This is definitely not the norm. I'd need to know more information about the situation to really help. Was the property listed or was it "off market"??