Tenant Favorable Lease 1 by anamaulida


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                 <p>Hire an experienced real estate agent as tenant
representative when negotiating a commercial lease agreement in San Jose,
Santa Clara, and Sunnyvale, California. Landlords and their exclusive
agents are very aware of current market conditions and will attempt to
suggest lease language that will be to their advantage. It is prudent for
any tenant to get a professional help to negotiate lease terms on his or
her behalf.<br>
<br>Commercial tenant representatives identify all available sites that
meet your criteria, rather than limiting choices to those that are
exclusively listed for landlords. The goal is to obtain favorable lease
terms and reduce occupancy costs to the tenant.<br>
<br>Tenant reps help guide the business points that should be examined in
the lease negotiation. These include the rental rate, lease term,
extension options, renewal rights, expansion space first right of
refusal, lease guaranties, use and exclusivity clauses, construction and
alteration terms, assignment and subletting agreements, and insurance and
indemnity clauses. Default and remedy requirements are typically minimum.
Depending on the actual circumstances, there are many other issues that
would likely trigger modification to other lease language to enhance the
tenants interests and limit costs during the leasehold period.      <!--

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<br>Each paragraph of the lease agreement may be modified to benefit the
tenant or the landlord. Usually this is a zero-sum game where one partys
gain is the other partys loss. Absent a tenant rep, the landlord has the
advantage. It is very important for the tenant to get the business
practice advice from a real estate professional, the tenant rep, to
provide an understanding of local practices and incentives, such as free
rent, tenant improvement allowances, and other inducements, before
entering into a lease agreement. The landlords agent is certainly not
going to offer any help that will reduce the landlords position.<br>
<br>There are two separate roles required, legal and business. Tenant
legal counsel is required to provide advice about specific language in
the lease agreement. However, seasoned real estate professionals in the
form of tenant reps are better prepared to handle the business issues in
the lease.<br>
<br>Then, there is the concern of what happens if something goes
differently than expected during the term of the lease. What happens when
there is a major interruption in operation of the space? How do we deal
with a sudden unexpected economic event? It is prudent to put some safety
clause in the document to allow the tenant protection or relief if some
extraordinary event occurs.<br>
<br>In summary, commercial lease agreements are vital to a tenants
business. It is important that the tenant get a fair agreement that will
allow the business to prosper during the lease duration. The agreement
between landlord and tenant will be much better for the tenant if he uses
the services of a tenant rep. Best of all, the tenant rep fee is
traditionally paid by the landlord. The landlords agent has an exclusive
agreement with a fee that is customarily split with the agent procuring
the tenant (in this case, the tenant rep). So, the tenant gets
representation that is rightfully his, and without any additional
cost.</p>                <!--INFOLINKS_OFF-->


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