Should you use a firm of commercial property consultants to help you in your property search and lease negotiation?
Imagine as a director of a company (finance director, managing director or other) you have been tasked with searching for and negotiating terms on a new office. You have to find the right office negotiate a commercial deal and report your findings to the board for approval. Can you deliver and meet the boards expectations?
You have limited time in the day and it will likely mean that you have to juggle your existing workload to take on this additional role.
Finding the right office is more than you doing a web search and speaking to a few letting agents and should include a deep market review to pick up “off market” opportunities.
You could leave the all of the lease negotiation to your solicitor. Expensive and they don’t have the market knowledge and don’t visit potential sites. Your consultant will accompany you on site visits and negotiate a comprehensive set of heads of terms with the landlords agent. They will report to you and seek instructions at every stage so that you retain complete control over the process. Finally they work with your solicitors to ensure that terms agreed are reflected in the final lease.
What therefore is the cost of you not outsourcing this task to a firm of commercial property consultants ?
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