Tenant Advantages of a Foreclosure Property
Lower rental rates
Free Rent
Better lease terms
Upgrade into a higher class of property
Signage Rights
Renegotiate favorable terms to an existing lease.
Tenant Disadvantages of a Foreclosure Property
Longer decision process
Unknown direction of the property
Unknown future ownership of the property
Owner/Lender stop maintaining the property
Building’s management people could change several times.
Lenders are not looking for long term relationships with tenants
First, foreclosure is not good for the Owner, the Lender or the Tenants involved. Until an Owner with experience and capital buys the troubled property the building might not have stable ownership for several years . Negotiating a lease in a foreclosed building can be beneficial to a tenant and painful as well. Below is a snap shot of the foreclosure process. A tenant should learn more about the foreclosure process before negotiating a lease in a troubled property.
Take A Test Run On
Market Data
Fell free to go to www.leasewithease.net
and test our site for selecting office, medical office and retail space. All you need to do is select “Test” submarket
when entering your search criteria. For
more information please go to www.leasewithease.net.
The Move
Need help with preparing for “The Move” then feel free to
contact LWE with any questions or if you need a referral for getting your
office moved and set up smoothly.
Tenant Vendor List
LeaseWithEase can provide a vendor list to tenants seeking
contacts for installing a security system or a contact for a coffee vendor.
Also, if your company offers services to office, medical office or retail
tenants we would like to include your company in our vendor list for our
clients. Feel free to forward information
about your company and what you provide tenants.
Follow us at:
LeaseWithEase Technology, LLC (www.leasewithease.net)
“Bringing The Local Real Estate
Market To Your Desk”
Alan Gore
Partner
Texas
Broker License #0449773
No comments:
Post a Comment