Commercial Tenant Advisory 101: why you need a tenant advisor for your commercial property

why you need a commercial tenant advisor - HKC Property Consultants

Are you a start up business looking for your first premises? Are you thinking of expanding your business, and need another property? Are you thinking of re-locating? Or perhaps you are just thinking that the asking rent is too high? Well, a commercial tenant advisor can easily help you with all these questions….and more.

What is a commercial tenant advisor?

Simple – someone who gives advice to commercial tenants. Some people call them ‘commercial tenant advocates’, ‘commercial tenant representatives’ or even search for ‘commercial tenant advice services’. They are all the same thing – think of them as a tenant’s right hand man or woman, making sure you are fully informed of your rights and obligations, someone keeping you in the loop!

Like many issues that a commercial or retail tenant faces, finding the right premises is hard and sometimes daunting. A commercial tenant advisor can take the pressure off you, allowing you time to concentrate on what’s important – your business! They can help you source just the right property for your needs (often called site acquisition), by checking all properties (that’s right, even the properties that aren’t yet on the market), inspecting those of interest, provide a shortlist for you to consider and help you weigh up the pros and cons of each. Lastly a commercial tenant advisor will negotiate the best lease terms for you.

Down the track, your commercial tenant advisor can assist you with your lease renewal obligations, market rent reviews, lease or landlord disputes, lease portfolio reviews, and much, much more, providing you with end to end solutions for the life of your business.

The case for using a commercial tenant advisor

Can you do all this on your own? Sure you can, but…

A commercial tenant advisor knows the commercial real estate market, and will make sure you know ALL the facts – even if you don’t ask.

A commercial tenant advisor will help you:

SAVE TIME – finding the right property can sometimes take months, which can take your focus away from your business….let us do all the legwork

SAVE MONEY – being experts in negotiating, we can often obtain better financial terms

KEEP UP TO DATE – with professional non biased commercial real estate advise

KNOW YOUR RIGHTS – commercial tenant advisors act for you, the tenant therefore having your best interests in mind (not the landlords)

So, should you speak to a commercial tenant advisor?

Absolutely! Whatever you choose to call it – a commercial tenant advisor, advocate or representative – HKC offer a free, no obligation consultation to discuss your needs and confirm that we have your back! Call now on 03 9078 4794.

Kevin Cassidy (BSc) Hons
By: Kevin Cassidy (BSc) Hons

Kevin has been involved in Real Estate on an international scale spanning from Ireland, the United Kingdom to China & Australia. Originating from Ireland, he completed an RICS accredited Bachelor of Science degree in Property Investment & Development. Following this Kevin focused the initial years of his career in Commercial Property Management whereby he managed a diversified property portfolio throughout the UK to include residential apartments, office buildings, shopping centres, retail parks, standalone retail units & industrial warehousing. Managing these varied assets in some of the major cities in the UK gave him vital experience within the Real Estate industry.