Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28273452
No new orders today 13102001
Stupid MLS comments. 3276839
What do you know about Froy Candelario, top agent in USA 1189552
Stupid QC comments and BPO requirements. 1061276
New HUD Listing Brokers---Any Update? 1028287
Is there religious content in Buffini class? 822802
Let's talk about our cars 671112
Name that Flick. Great movie Lines. 602741
Pay it Forward - BPO/REO Tips & Tricks I & II 592489
Most common items found at an REO 576196
EML 459232
REOTRANS 440772
Main Street 419512
asset val seminar in colorado 407211
assist 2 sell or 1 percent realty? 340466
HOMONYMS - There, Their, and They're 306826
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Topic Options
Rate This Topic
#448443 - 10/23/15 03:42 PM Advice negotiating fee for lease renewal
CaliforniaAgent Offline
Junior Member

Registered: 10/23/15
Posts: 3
Loc: California
Any tips? Client has been at this center for 14 years which was two back to back 7-year leases. Lease is up in Feb and he approached me to negotiate on his behalf. He's never had representation before and the main term he's dissatisfied with is having to give a personal guaranty. (I think after 14 years as a great tenant, we have a strong shot of negotiating that term away and allowing him to just sign the lease in the name of his corporation.)

Landlord is a large corporate entity located out of town. I'm trying to figure out the best approach to have a shot at getting them to pay my commission.

Thank you for thoughts and advice - J.

Top
Advertisements
#448446 - 10/24/15 03:01 AM Re: Advice negotiating fee for lease renewal [Re: CaliforniaAgent]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7720
Loc: Vermont's North-East Kingdom
After 14 years with this Tenant, expecting the Landlord to now pay your Commission is a long shot . . . . how much do you charge for this service on behalf of the Tenant ?

Is the Tenant (referred to as a "Client" by you) willing to pay you for this service, or did you already convey to him/her that your service will be "free" ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#448469 - 10/25/15 03:02 PM Re: Advice negotiating fee for lease renewal [Re: Vermont]
CaliforniaAgent Offline
Junior Member

Registered: 10/23/15
Posts: 3
Loc: California
Hi! I am meeting with him this upcoming week and the options I plan to lay out for him are: continue to negotiate on his own as he's been doing this past 14 years; hire a real estate/business attorney to represent him on an hourly fee basis (I am an attorney which is why he contacted me initially, but I would refer him out since this isn't my main practice area); use me as his realtor to negotiate on his behalf ($0 directly paid by him, any fee earned paid by LL); move to a new location on lease; or buy his own building.

He's 43 years old, wife has a steady corporate professional job, he's been a dentist 15 years, so I think he'd be really smart to buy.

I am very comfortable with the nature of a 100% commission world so I am willing to sink some risk (my time) with the potential of a possibly very large payoff. Or no payoff. All depends.

I think the only way LL will pay a commission to me is if they truly believe he would walk. We are in a very small professional community here so I think LL will learn that he is looking elsewhere....

Top
#448545 - 10/28/15 01:38 PM Re: Advice negotiating fee for lease renewal [Re: CaliforniaAgent]
CaliforniaAgent Offline
Junior Member

Registered: 10/23/15
Posts: 3
Loc: California
Quick little follow up -- super exciting that he would like me to find either a building or land for him. This was a good lesson for me that I could earn a small hourly fee now OR a potentially much larger commission later. His time frame is fast -- needs to find something to buy before his lease is up so he doesn't need to renew. I am :) today.

Top
#448550 - 10/29/15 01:08 AM Re: Advice negotiating fee for lease renewal [Re: CaliforniaAgent]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7720
Loc: Vermont's North-East Kingdom
Buying raw land for the purpose of erecting a commercial building into which he can move when his current 7 year Lease expires doesn't sound like a quickee solution . . . . that can easily consume 2 to 3 years AFTER you've located the appropriate site.

It all depends upon availability and how restrictive the Land Use Regulations, Zoning Bylaws, and development procedures are that you'll have to comply with.

And you may find yourself negotiating a few 1 Year Extensions in order to bring this Project in for a soft landing.

But it's good experience.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
pam.cylinder, HR VerdeMFS, PMacpherson, Non GMO CRE, Reguru1
29799 Registered Users
Who's Online
1 registered (pam.cylinder), 40 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 68
Vermont 35
estatereal 15
Snapple 12
Logan Five 11
Trouble 11
waka 9
Analog Man 9
TheTexasGal 8
Lucky Leonardo 8
Flammable 8
Bigtoe 5
HOT-TUB 5
AbbasM 5
Flare616 5
Featured Member
Registered: 02/14/16
Posts: 278
Facebook

How To Advertise Here


This site presented by RNC Internet Services