Most landlords in the game today know their business in and out. They know what their competitors are asking. They know what deals are being done down the street—especially when they lose a deal to a particular landlord. Small firms might negotiate a lease once every 5 years. If this is the case, do you really want to go up against a landlord whose only intent is to make as much money as possible off you?
Here’s the thing: landlords do deals all year long. As a tenant, you’re likely to do a deal every 5-10 years. Which is quite a bit of difference. It means landlords know plenty of things that you don’t, and if you do a deal on your own, you’re likely to run into some trouble or end up paying a lot more than you should.
How can you avoid this? Hire a tenant representative. Tenant representatives don’t charge to represent you, and a good one can save your firm lots of money over many years. Tenant representatives are paid by the landlord—so why not engage one today? Here at Compass Commercial, we work across all of North America, and we’re ready and willing to help you save money on your next renewal or relocation. Want to learn more? Give us a call.