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#303407 - 08/20/09 08:50 PM Commission Question - Short Term Lease
El Luchador Offline
Member

Registered: 05/01/07
Posts: 220
I will be acting as the tenant rep for a guy interested in leasing a 30,000 SF Circuit City space for 30 days.
I've never done a short term commercial lease, and not sure how to structure a commission on such a short term lease.

I imagine this wont be a money maker so won't be spending much time on it, but just want to make sure I do it right.
Any advice or prior experience that can be shared is appreciated.

Thanks

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#303436 - 08/21/09 05:36 AM Re: Commission Question - Short Term Lease [Re: El Luchador]
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8391
Loc: georgia
Are they renting it for an event or something??

Sounds like the landlord wouldn't even entertain such an offer for a short time period. Sounds like it would be a straight percentage of a one time payment to use the premises.

We have had some circuit cities around here turned into fitness clubs.

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#303445 - 08/21/09 08:44 AM Re: Commission Question - Short Term Lease [Re: super realtor]
El Luchador Offline
Member

Registered: 05/01/07
Posts: 220
Super -

It's a clearance event for a retailer. And yes, the LL will allow it. The idea is the same for the Halloween stores...they take the space as is for a couple of months...and the rent they pay to the LL helps offset some of the expenses that the LL would otherwise have to pay out of his own pocket.


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#309672 - 10/14/09 10:37 AM Re: Commission Question - Short Term Lease [Re: El Luchador]
Matt Kammeyer Offline
Member

Registered: 09/30/09
Posts: 10
Loc: Las Vegas, Nevada
I would negotiate a flat fee with the buyer that if not paid by seller they will still pay $xxx for your time. Hell I was taken care of on a deal that was done for $0 rent.

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#309949 - 10/16/09 07:14 AM Re: Commission Question - Short Term Lease [Re: Matt Kammeyer]
El Luchador Offline
Member

Registered: 05/01/07
Posts: 220
Matt - This is already a done deal - but I got paid by my client rather than from the LL. Also, it was actually for a lease, and not a sale. We ended up leasing a vacant Toys R Us space, instead of the Circut space.

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