As a property owner, you may be considering whether to hire a professional Commercial Leasing Agent to help you find and manage tenants for your investment property. While it is possible to handle the leasing process yourself, there are several benefits to hiring a professional.
Leasing agents serve as the main point of contact between tenants and property owners, ensuring the owner has an ongoing source of potential tenants.
Here are some reasons why you should hire a professional leasing agent:
- Expertise: A professional Leasing Agent has extensive commercial real estate market knowledge and is well-versed in the legal and technical aspects of leasing. As an owner, this gives you the confidence that you are making informed decisions and complying with all relevant laws and regulations.
- Marketing and networking: A professional Leasing Agent has access to a wide network of potential tenants. This helps your commercial property to maintain a high occupancy rate long term, as commercial Leasing Agents possess an extensive network to help market your property and find qualified tenants. They can also use their expertise to determine the most effective marketing strategies for your property.
- Tenant screening: They can help you screen potential tenants to ensure you are Leasing to reliable and responsible individuals/businesses. This can include checking references, reviewing credit reports, verifying employment, and assessing business credentials.
- Lease negotiation: Professional Leasing Agents can help you negotiate the terms of a lease with a potential tenant, including the rent amount, length of the lease, and any other conditions. They can also help you draft a legal and comprehensive lease agreement to give both the owner and tenant visibility of their rights and obligations.
If you have a property that requires a Leasing Agent or would like more advice on maximising the returns at your commercial property, get in touch with the experienced team at Burgess Rawson WA.
