Tenant Representation Services
Why you need a Corporate Tenant Real Estate Specialist
When you negotiate directly with a landlord – even if it’s “only a renewal” – you’re facing a stacked deck.
The insight and market knowledge provided by the team at Choyce Peterson helps even the playing field. You’ll be armed with full knowledge of the current market dynamics and competitive opportunities. In fact, many clients secure a more favorable deal from their landlord on simple renewals because they engaged Choyce Peterson first. The mere fact that you bring in a tenant specialist tells your landlord that you’re serious, and fully informed.
Here are just a few of the advantages Choyce Peterson’s tenant specialist expertise can bring to your side of the table.
Rent
Rent is likely your second biggest expense, after salaries. Get it right from the beginning with expert negotiation that maximizes your leverage.
Free Rent
Why do landlords offer free rent? Because they have to – when the right negotiating points are made. We’ll help you secure the maximum, sometimes as much as twelve months.
Sublease & Assignment Clause
Often ignored by tenants, it’s key to future flexibility. Get terms that allow you to pursue any opportunity, whether it’s reducing your footprint, expanding or merging your business.
Operating Expense Clause
Buried in your rent agreement is your share of the ever-increasing cost of operating a building. How is it calculated? Will it be tied to hard costs or a percentage of rent? We’ll show you the best option for your space.
Real Estate Tax Clause
As a tenant, you’ll pay a share of the real estate tax relative to your space. But what about increases? What is the base year? The answer, and the terms, can mean thousands of dollars.
Electric Clause
Electric is a profit center for many landlords. They understand it in a way you never will: connected vs. demand load; rent inclusion vs. sub-meter; watts per square foot usable vs. rentable. We can guide you through it so you don’t leave money on the table.
Expansion Clause
While it’s difficult to see down the road and future space needs, we’ll help you secure options for expansion. Right of first refusal or right of first offer? We’ll help you lock in your best option.
Renewal Terms
Negotiating renewal terms up-front is an under-valued aspect of many agreements. Whether a fixed price or percentage of fair market value, we’ll win you smart options from day one.
Relocation Clause
A favorite of landlords, this means you can moved to accommodate a larger future tenant. It can be a dealbreaker, but doesn’t have to be. We’ll help you ensure the caliber and suitability of any relocation options – and ensure the landlord covers all your expenses.
Initial Construction & Alteration Clause
If the landlord is building your space, you want to understand what is and what isn’t included. Do you have special power needs? Who is paying for the Class E hookup of the life safety system.
Benefits of Exclusive Representation
In search of a rental property? Real Estate has you covered. Our vast portfolio of properties for rent caters to all your needs and preferences. With our assistance, you can find the perfect rental space in no time. Let's get started.
Objectivity
The objective analysis of a third party. Choyce Peterson brings the knowledgeable, objective point of view that only a third party can provide. The core of a tenant real estate "team." Choyce Peterson professionals are adept at forming a dynamic, valuable team, leveraging the skills of team members when appropriate. This may include staff from the corporate tenant, an architect and an attorney.
A clear fiduciary relationship. Our role is clear and unambiguous: explore and develop all proposed transactions in the best interest of our corporate tenant clients. In a process that invariably favors landlords and owners, we fill the crucial role of tenant advocate.
Leverage
Creating competition. While tenants often negotiate directly with landlords or their agents (landlords love this), it is the landlord who is more in tune with the day to day real estate market, and most aware of competition. This provides the basis for one of Choyce Peterson's most powerful negotiating tactics-leveraging one landlord against others to achieve maximum success.
Negotiating the deal. With the assistance of their real estate agent, attorney, architect, accountant and property manager, landlords have the upper hand in negotiations. Choyce Peterson provides tenants with the critical market information and professional representation needed to even the playing field during negotiations.
Accountability
Thorough building assessment. Many building owners and representatives are not likely to point out a building's less appealing aspects. Choyce Peterson is experienced at identifying comparative differences among alternative buildings in areas ranging from building systems and space layout efficiencies to parking. This enables our clientele to make educated decisions.
The pulse of the market. By giving you a complete market survey (and updates) of available space that meet your criteria, Choyce Peterson strengthens your negotiating position with market knowledge.
Lease analysis. Leases can be confusing. Working with your attorney (we strongly recommend you hire one for all real estate transactions), Choyce Peterson will sort through a proposed lease to be sure that key business points and appropriate lease language are included and properly outlined.
View More Services
Across the country, we represent national accounts in their search for local solutions, targeting a wide array of space needs.
For some tenants – and investors – it makes great sense to become an owner. For some current owners, it makes great sense to divest. We’ll explore and identify ownership options that fit your strategy.
Our mission is to raise the bar on the service provided to landlords throughout lower Fairfield County by creating and executing a strategic marketing plan to increase occupancy and rental income.
