STOP!!!!!!! Read carefully!!!!
Did you know that a real estate lease / tenant agreement is one of the top 2 or 3 expenses a business will have to incur?!?!?!?
Have you managed that expense yourself or have you entrusted the expertise of a Commercial Real Estate Professional to handle it for you?
Hopefully you’ve hired your own representation. After all, it costs you NOTHING to have someone by your side and working for the benefit of YOUR business…
Landlords only have their best interests in mind, so without the help of a real estate professional negotiating on your behalf, it’s likely you have a lease that favors the landlord.
With the current COVID-19 pandemic, small businesses are feeling a tremendous amount of pressure financially. Survival is going to depending on several factors. These include how much liquid cash reserves a business currently has access to. It’s become obvious, the federal government isn’t here to help as much as some really need.
The next best option is to take charge and adjust course by managing expenses. This can include payroll management (laying off staff), mitigating unnecessary expenditures and revisiting your fixed expenses, like real estate / lease rates.
Several questions you can ask yourself that can help you decide if a FREE consultation will be beneficial to you:
- Did you use a commercial real estate agent to help negotiate your current lease?
- How do your current lease terms compare to current market rates?
- When is the ideal time to start your next transaction?
- How will COVID-19 affect your current lease? Are you protected from future occurrences?
- How can you capitalize on your next transaction?
If any of these questions are difficult to answer, a commercial real estate agent WILL help you understand more about how to play AND win in the real estate game.
We would be honored to assist you in this difficult time. Put our expertise to your benefit and reach out today!
If you’re looking for Commercial assistance other than a “Lease Review”, Click here to go back to our general Commercial Services page.