CRE Definition: Request for Proposal

CRE Definition: Request for Proposal

CRE Definitions Series: Request for Proposal

Request for Proposal (RFP) is a written summary of terms for an agreement where one party would be willing to enter into the agreement with another party if the terms work for each party. The RFP is not binding by either party. I always use a RFP when negotiating on a tenant’s behalf. Many agents don’t want to take the time to do this which causes misunderstanding when negotiating lease terms.





About the Author

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.