We will consider many factors such as the location of your property, the year it was built, the type of property, the size of the property, historical research of the property. We will also consider whether it’s an income producing property, investment property or an owner-occupied property.
When buying, selling, renting, or leasing a piece of commercial real estate, there are various risks involved. Your goal should be to minimize these as much as possible. Examples of potential problems that can lead to legal disputes include the following: defects in title, zoning and land use restrictions, overlooked lease notice and default language, ambiguous operating expense definitions, market fluctuations, and environmental contamination.
You can expect Reliant Partners to assist with developing an operating budget, negotiating vendor contracts (best of class vendors and pricing), setting-up utilities and inspecting the property for deferred maintenance and operational inefficiencies. We will proactively address building operation and tenant needs, while retaining quality tenants and increasing a property’s value.
The most common types of commercial property leases are shown below. Each lease type has different requirements for the landlord and tenant.
A letter of intent (LOI) is a written agreement made between tenant and the landlord prior to executing a formal lease agreement. While LOIs may not be legally binding, terms of them can be — for example, non-disclosure and exclusivity agreements. LOIs are meant to protect both parties in the transaction until the transaction is executed.
Tenant improvements (TI) are improvements requested by the user of the property. Depending on the scope of improvements, it may require architectural design, permitting, construction documents (CD’s) and a third-party construction contractor. Who pays for the tenant improvements are negotiable depending on the type of property, market conditions and quality of the broker (that’s where Reliant Partners comes into play).
Hiring a Reliant Partners commercial real estate broker provides an arm’s length intermediary to negotiate on your behalf. Regardless if you are a seller, landlord, buyer, or tenant – we will safeguard your long-term interests, ensure you maximize profit, mitigate potential risk, and save you time.
At Reliant Partners, we have vast knowledge of various property types and market values. With experience not only as a broker, but also a company owner and an investor – we can provide unparalleled negotiation experience. A Reliant Partners broker implements a detailed transaction process, customizes negotiations to fit each client, and provides top of class marketing.
Need clarification or have more questions? Connect with us!