Who Pays for the Broker?
A question that often gets asked by new commercial tenants is "who pays for the broker"? The good news is, it's not you! Tenant representatives don't cost the tenant anything. A tenant rep broker acts exclusively for the tenant, but the owner of the building you lease pays their fees through the proceeds of the rent.
How it works
The tenant chooses which tenant rep broker to work with, they sign an agreement that stipulates an exclusive arrangement with the tenant. The tenant then discusses their space requirements with the tenant rep who then searches the market for a property that matches the tenant's budget, timeframe and location.
The tenant rep broker will shortlist a number of properties that meet your criteria and arrange for you to tour a range of properties together. Make sure you score each property based on your requirements and the facilities available - use the Office Space Checklist to help you.
Office Space Selection Process
Several properties are then earmarked as shortlisted, and the tenant rep broker begins the office lease negotiation process - based on your leasing requirements. This stage of the process can often be lengthy as several drafts of the lease may go between parties until a final agreement is reached.
Once the office lease agreement has been signed, the landlord arranges payment with the tenant rep broker. So despite the fact that their fees are being paid for by the landlord, they don't have any alliance with the landlord - they're representing you!
Hiring a tenant rep broker isn't just free - it can actually save you money too, because they'll make sure you get the best bang for your buck by negotiating the rent and lease terms - saving you significant dollars.
Find a Tenant Rep Broker in your market by searching here >>
Planning an office move? Go the office relocation planning resource center
-
Start Planning Your Office Move
Wherever you are in your office move process Help Moving Office has the information you need to plan your office move properly.
Start Planning -
Access The Resource Center
With over 15 guides, checklists, tools & calculators the Resource Center has everything you need to plan, organize & manage a successful office move.
See Resources -
Office Relocation Services Directory
Looking for the right companies for your office move? Connect with independently sourced and pre-qualified vendors that are experts in your local market.
The Directory
Latest Tips
-
Creating a Stylish Office with Second-Hand Conference Tables
In today's business world, creating a stylish and functional office space doesn't have to break the bank. One of the smartest and most sustainable choices you can make is to invest in budget office furniture, specifically second-hand conference tables. Not only do they provide a professional look and feel, but they also come at a fraction of the cost of new furniture. Here’s how you can transform your office space with second-hand conference tables and where to find the best deals
Read Article -
Embracing the Spirit of Connection: Workplace Trends and the Paris 2024 Olympics
As we anticipate the 2024 Paris Olympics, a celebration of unity, excellence, and the indomitable human spirit, it's fascinating to observe how these themes resonate with the evolving dynamics of today's workplace.
Read Article -
OFUSA Moving Services
Moving office furniture in Las Vegas requires prec...
Read Article