Tenant Representation: Why Does Your Business Need It?
Tenant representation is integral for any business that is seeking to rent or purchase space. However, many businesses are not aware of this need
in their real estate ventures. Proper tenant representation can help save your business time, money, and a lot of future headaches.
The Differences Between Commercial and Residential Leasing
Commercial spaces are not subject to the same tenant protections as private dwellings are. For example, in many jurisdictions, the landlord is
liable for any repairs of equipment within an apartment complex or multi-family property. For a commercial space, however, this is not always the
case. In this situation, the tenant might actually be liable for repairs. When these details are not made clear to the tenant, this can cause friction
between them and the landlord. Prior to the move-in date, the responsibilities of the tenant and landlord should be stated in the lease so that all
bases are covered.
Residential real estate also has many mandatory disclosures, which isn't always the case when it comes to commercial real estate. Since landlords
aren't required to disclose everything to commercial tenants, they're more likely to neglect doing so.
Advantages of Commercial Tenant Representation
A good reason to utilize tenant representation is to achieve greater protection. For example, businesses are deemed to be sophisticated consumers
and may not be covered under the same consumer protection laws as residential tenants are. For this reason, it's important to get conflict resolution
down in writing prior to signing a lease or purchasing a commercial property. As a tenant representation broker, Cook Commercial can negotiate on your
behalf, to try to eliminate "surprises" on move-in day. You'll get more information, and you'll rest easier knowing someone on your side fought to get the
Cook Commercial will Cover All the Bases
There are hundreds of nuances in California's real estate law, and the only way to make sure you have all your bases covered is through proper
legal counsel and true tenant representation. Don't let your concerns go by the wayside, trust Cook Commercial to make sure you are properly
represented in your next real estate venture. Whether you run a small local firm or a Fortune 500 company, we are capable of representing all industries
from accounting, legal services, telecommunications, technology, finance, entertainment, to medical services.
For more information about tenant representation, contact us today.