Tenant Advisors

3 Reasons You may Be Asked for a Personal Guaranty with Your Commercial Property Lease

A personal guaranty is just what it sounds like - you are personally guranteeing the debt of your businesses. Owners of start up and smaller businesses are most likely to be asked to execute a personal guarantee along with a lease to protect the landlord's interest. Here are 3 reasons in which landlords may request one:

1) You're a Start Up or Have an Unique Business Model
2) You Have a Thin (or no) Business Credit History
3) You're in a High Risk Industry

The best circumstance is to negotiate your way out of executing a personal guaranty. With Tenant Advisors at your side during the lease negotiation process, you stand a much better chance of avoiding the person guaranty or limiting it's scope. We specialize in negotiating optimal leases for our clients to save them money and reduce their risk and liability. Let us help you find the best commercial space to lease on your terms, on budget, and on the landlord's tab.

OC landlords are trying to listen to tenant demand. Tenants want unique amenities for their employees--not only in an office building, but outside, too. They want space that's WiFi equipped, with outdoor seating (maximize OC's beautiful weather), and above-standard parking, possibly with a basketball hoop or boccee court, so they can either work inside the space or go outside for quick brainstorming sessions. Considering people probably spend as much or more time in the office than at home, this is the office of the future.

http://www.globest.com/news/12_849/orangecounty/development/Creative-Renovations-Hit-Class-B-Office-345486.html?pg=1&zkPrintable=1&nopagination=1

Creative Renovations Hit Class-B Office Redevelopment activity among class-B office properties is a burgeoning trend in Orange County.

In recent years we’ve seen increasing evidence of the return of the corporate headquarters to the global city. Today the “back to the city” theme for corporations is much written about, and the headquarters is once again conveniently seen as a signifier of urban strength.

The Rise of the Executive Headquarters | Newgeography.com Yet as urban centers increasingly lost headquarters, boosters started to downplay them as a metric, particularly with the rise of the so-called ?global city?

Tenant Advisors helps people and companies find office/warehouse space in OC and LA. We negotiate deals favorable to tenants and buyers. See below how you and your company can benefit from using a Tenant representative:

TOP 7 – REASONS TO USE A TENANT REP BROKER

1. You have nothing to lose, and everything to gain: Brokers work to save their clients time and money. In return for their service, they receive a fee, which is paid by the landlord – not the tenant. This means that it costs you, the tenant, nothing extra to use a broker. The landlord’s budget already includes brokerage fees within their rent structure. If a tenant represents themselves, the landlord allocates the fee budgeted for the tenant’s broker to the owner’s agent or asset manager. By only representing tenants and never landlords, you never have to question whose side we are on.

2. Brokers are more experienced and knowledgeable: Brokers study and deal with the market all day, every day. It is not their occasional interest, but their full-time and core talent.

3. You do not have access to the same information: Even if you or someone in your organization has experience with these types of transactions, they will not be connected to the same information as a working broker. These professionals have access to real-time information that provides you with the best available options, which in turn can help increase your leverage in the negotiations process.

4. You save TIME: Brokers know that your time is invaluable. When trying to run and operate a successful business, the last thing you have is time. Why should YOU spend time researching the market, finding your ideal space, and negotiating the best deal when a broker will provide these services to you? Become more time-efficient and concentrate on the more important aspects of your business while leaving the real estate “headaches” to a licensed professional.

5. Your process shifts from reactive to proactive: While tenants typically do not think about their leases until renewal time, brokers think about leases everyday and keep their clients updated on market trends and opportunities.

6. You give the landlord the advantage: Did you also know that renewal transactions are, by far, the most profitable to landlords? By not using a broker, the landlord automatically assumes that you do not plan to move, or that you are less likely to drive a hard bargain. Using a broker will “keep them on their toes” and force them to make their best offer to encourage you to stay.

7. Using a broker reflects the good business practice of outsourcing for non-core services: It is common practice for organizations to outsource for specialized skills outside of their core practices and capabilities. Commercial real estate should be treated exactly the same way, and it is typically one of the largest expenses on operational balance sheets. Landlords have their team of professionals who advise them in making the next best move, so why shouldn’t you?

Congratulations to Nyjah Huston, the 2014 Tampa Pro Winner! Absolutely killed it!