The Leasing Process
The real estate process for renting space can be quite overwhelming for tenants, especially with so many options to choose from. A commercial real estate broker will help navigate these options by going through a trusted process to identify the tenant’s requirements and best negotiate a lease.
Here are the steps we follow when you lease a property with O'Donnell Commercial Real Estate Inc.
- Determine Your Needs
- Review your existing lease
- Determine your size requirements
- Define your desired location
- Discuss your budget and timeline
- Provide Options
- Broker prepares a list of available properties and “out of the box” opportunities that meet your requirements
- You and your broker discuss options and coordinate a corresponding tour based on your selections
- Tour the Properties
- You and your broker visit the sites, and view selected properties in person
- Discuss your needs and your concerns about each property with your broker
- Narrow the properties to a “shortlist”
- Negotiations
- Your broker prepares non-binding negotiating documents for selected properties (see RFP and LOI examples) and financial analysis
- Your broker negotiates for your best business terms
- Final Property Lease
- Your attorney reviews your lease
- Follow Up
- Your broker remains involved throughout the move-in period, monitors critical dates, and maintains a relationship with you