How a Property Agent works for you
A property agent is a person who acts as an intermediary between a tenant and the landlord of a property. A property agent wears several hats; not only do they find the right office that best meets your requirements, they will also negotiate the lease on your behalf too and help to save you as much money as possible on the rent and other leasing costs.
Here are some of the ways a Property Agent works on your behalf:
Pre-planning
There will be a lot of pre-planning involved before you start your search for office space and you will need a clear idea of your requirements. A property agent will work with you to make sure your requirements represent all your business objectives, and that there is a good supply of office space that meets your criteria. They will help you calculate how many square feet you are likely to need to accommodate all your staff and facilities.
Comparative market analysis
Once you have discussed your requirements with your property agent, they will carry out market research of properties within the locality that are similar in size and specification. This will give you a better idea of the sort of rent you are likely to pay and what lease options other tenants have managed to negotiate recently.
Site search
With a clear understanding of your requirements, your property agent will shortlist a number of suitable properties for you to view. They may show you a range of specifications and styles of building so that you get an idea of what you can get for your budget. Go with an open mind when viewing office properties, but keep your requirements top of mind. You may want to print this Office Space Checklist off and take it with you on property viewings.
Shortlist
Choosing the ideal property can be a difficult decision, but your property agent will help you weigh up all your options so that you make the right decision. Best practice suggests that you should shortlist at least three properties and negotiate with each landlord to see which lease deal proves to be more favourable.
Negotiation
Your property agent will protect you during lease negotiations so that you come away with terms that meet your present and potential needs.
Preparing contracts and leases
Finally, as negotiations are concluding, your property agent will prepare contracts and check through the office lease. We also recommend that you ask a property solicitor to check through the legal details of the lease to make sure your interests are fully protected.
For more information on how to prepare for lease negotiations and list your requirements, use this Office Space Checklist.
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