each office independently owned and operated Premiere Commercial Real Estate Services

Jeffrey Linn Award Winning Commercial Broker

 

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Tenant - Buyer - FAQ

Why should I use a Broker-Agent to represent me?
 

·        It is a proven fact that a Tenant-Buyer needs a buffer to negotiate key pointers on a Real Estate transaction.
 

·        A good Broker-Agent can save you time & money by matching the right tenant/buyer with the right property. No need to purchase a property by yourself only to find out that you have just signed a 10 year-lease on a space located right under a major airline route.
 

·        The service is FREE to you. So why should you deprive yourself of the privilege of hiring a competent representative?
 

·        He/She will take the time to help you re-package yourself to the Landlord to maximize your benefits in the transaction and obtain prompter and more efficient results.

·        He/She will negotiate on your behalf in your best interest knowing the market place with inside information that you might not otherwise know. Questions will be answered to you that you might otherwise need extensive researches to answer.
 

·        He/She should be readily available to close any and all inquiries on properties that are of interest to you and do a full market analysis at absolutely no charge to you.
 

·        You are now armed with the confidence required to either purchase or lease a property with peace of mind at no cost to you.

 

How do you offer FREE full Service Representation?

The property owner will compensate us when a lease or sale is executed and our Clients are registered with our Company. This is why we will not upfront any services to prospective Clients who are not initially registered with us.

What are Cam Fees AKA NNN Fees?
 

Cam fees are mostly used in Retail but not limited to and defined as (common area maintenance fees) these are the expenses of a property passed thru to the tenant and include landscaping, building insurance, common area lighting, water, trash, cleaning etc.

Are Cam fees Negotiable?

Cam fees are non negotiable and Tenants have every right to view the annual CAM Reports presented by the Landlord.

What is a Modified Gross Lease?

Modified gross mostly used in Office Space is the Base Rent and Cam fees grouped in one price.  Tenants pay for their own electrical, telephone and janitorial fees.

What is a Full Service Lease?

Full Service is mostly used in office spaces and includes the base rent, Cam fees, janitorial plus some utilities fees. Tenants usually pay for their telephone bills.

Why are leases a minimum of 3-5 Years long?

Landlords need to amortize the costs of Tenant improvements when a new Tenant moves in. These costs could ad-up to a substantial amount. No need for a Landlord to up-front thousands of Dollars to a Tenant who plans on moving out in one year. Also, most Tenants need this kind of time frame to build their business, and by locking a good lease rate with a cap amount for the upcoming years a Tenant will benefit in the long run by budgeting his/her expenses especially if the neighborhood market place shoots up in value. It is not likely that a serious professional plans on entering into a short- term lease. 

 

What type of Tenant Improvements and Concessions will you negotiate for me?

Depending on the strength of your own credit and track record, these concessions can be negotiated in a win-win manner to increase the chances for a larger Landlord participation. The longer your lease the better chances we have to negotiate better terms for you. Each situation is unique and there is no pre-set format but you need to know that only a very good Agent who knows the market place can represent you to your best advantage and negotiate better terms for you. That’s where we come in.
 

Sincerely Yours,

Jeffrey Linn

Corporate Broker
www.aRealEstateWorldLasVegas1.Com