Tenant Representation Best Practices (158)

The Personal Guarantee on a Lease

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Are there options to a personal guarantee on a lease? Are you a new business looking to lease space? Most landlords require you to […]

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The other side: seeing things from the business owner’s perspective

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Having been in this industry for many years, I feel like I’ve seen it all. My experience working for a landlord, and then working […]

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Giving Back

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. When I was younger, I did a lot of volunteer work.  It ranged from raising money for a nonprofit to sitting on various boards […]

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Timing is everything

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. The hours you spend pacing the floor, waiting for a family member’s first child to be born; the minutes you spend waiting for your […]

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New software set to eliminate commercial agents?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Recently, I read about new software that, on the surface level, does the same thing that commercial agents can do. With this new software, […]

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The Relocation Clause

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Each year, I’m amazed at the new things I see happening with tenants. One of the largest buildings near us in Southfield, has taken […]

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The Rebirth of Detroit

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Over the past few years, I’ve witnessed firsthand the rebirth of Motor City, the city I call home.   And let’s just say, it’s […]

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Compass Commercial ITRA Global Celebrates our 5th Year in Business

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Compass Commercial ITRA Global Celebrates our 5th Year in Business It is hard to believe that 6 years ago, the thought of forming my […]

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Is your “tenant representation firm” truly representing all of your interests?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Is your “tenant representation firm” truly representing all of your interests? One thing that really nags at me is the firms out there who […]

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What Savings One Might have Leasing Class A office space?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. I once had a client who told me he only wanted to see older, well-maintained buildings. When he found out our offices were in […]

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Disaster Recovery

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. I’m going to be speaking at a conference on disaster recovery in a couple of weeks.  It looks like the universe wanted me to […]

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Your landlord wants to relocate your offices? Now what?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. So, your landlord has contacted you about relocating your office, out of the blue. What should you do? I’m not going to mince words […]

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Dual agency – what it is, and what it means for you

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. In residential real estate, agents are required to provide you with a statement indicating that they either a) represent you exclusively or b) if […]

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Your lease is expiring soon. Now what?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Your lease is expiring soon. Now what? Hopefully, based on the other articles I’ve written, you had notes in your calendar as to when […]

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Is it all about location, location, location?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. A friend of mine has the most perfectly located office in Metro Detroit.  As I drove there recently, I experienced some serious location envy. […]

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One desk, $100?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. One desk, $100? Late 2014 was the most exciting time to be a Detroit agent in years. It seemed like everyone wanted to move! […]

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Why Can’t I Sell My Tiny Office Building for $1M?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Why Can’t I Sell My Tiny Office Building for $1M? Selling your tiny office building for $1 million is a bit like winning the […]

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Yawn Yawn, Yea I Get It, Why Are We Talking About Operating Fees Again?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. In our last post, we spoke about the importance of ensuring that you’re not being overcharged for operating fees in your lease. Why are […]

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Do You know What Your Landlord is Putting in Your Operating Costs?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Do You Know What Your Landlord is Putting in Your Operating Costs aka Common Area Maintenance? What I really mean by that question is […]

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Why Won’t the Landlord Reduce the Rent?

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. My favorite question: Why won’t the landlord reduce the rent? The building has been sitting there empty for years! If I had a nickel […]

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Why I Love ITRA Global!

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Why I Love ITRA Global! At Compass Commercial, we are a part of International Tenant Representative Alliance (ITRA). This organization allows us to offer […]

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Landlords Do Real Estate All Year Long. You Don’t.

This post originally appeared on tBL member Lynn Drake's blog Compass-Commercial Blog | Expert Commercial Leasing Advice and is republished with permission. Find out how to syndicate your content with theBrokerList. Landlords Do Real Estate All Year Long. You Don’t. Most landlords in the game today know their business in and out. They know what […]

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Why Tenants AND Landlords Should Love Tenant Rep Brokers

I have recently completed a transaction where I was the representative for the Landlord on a property and executed a lease with a tenant who did not understand the talent (Tenant Rep) AND time required to open a new location! Although the tenant was a very smart medical doctor, they had no experience in commercial […]

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