Commercial Property Estate Agent Proposes That Tenants Can Influence Success in Commercial Property Tenancy Negotiations
London commercial property agent, Colin Becker, Director of Central London office at Merjs, advises business owners on how best to prepare for the process of negotiating a new commercial property tenancy agreement, regardless of market conditions.
London, United Kingdom, February 22, 2008 --(PR.com)-- Merjs – a leading London commercial property estate agency, comments on the issues surrounding commercial property lease negotiation. For further information visit www.merjs-agency.co.uk or call +44 20 7079 3976.
Colin Becker, Equity Director and Head of Merjs, a leading London commercial property estate agency says: “Regardless of whether the commercial property market in an area is in favour of the landlord or the tenant, the prospective commercial property tenant should always make particular preparations ahead of new tenancy negotiations. These will help the tenant to achieve the best possible commercial property tenancy terms and begin the relationship with the landlord on an excellent footing.”
“Firstly,” Colin begins, “The prospective tenant should make sure that they have the best commercial property agent and solicitor on board. Both parties are critical in the commercial property lease negotiation process. The commercial property agent can advise on market conditions, ensure that the office space in question is sound and as described. The best agents will facilitate smooth negotiations with the commercial property landlord. The solicitor will be able to guide the potential tenant through the minefield of commercial property law and ensure understanding of the terms in the commercial property lease.”
“In addition,” Colin continues, “they should obtain information showing the landlord that they are an excellent potential tenant. Favourable references from current or former landlords and the tenant’s bank manager are critical. It’s also advisable to present business accounts showing that the rent can easily be covered by net profits and marketing materials demonstrating its credentials and longevity. After all,” Colin adds, “if the commercial property market is buoyant and several parties are seeking to rent the same office space, the tenant needs to be the most attractive option to rise to the top of the pile.”
About Merjs
Merjs is one of the leading commercial property estate agents, and is actively involved in selling and letting of commercial property throughout Central London.
Merjs helps to identify and negotiate the most suitable office space to let for commercial tenants; including a serviced office space requirement, a refurbished Central London office, or a new commercial development. Merjs also advises a number of high profile landlords in the letting of offices throughout Central London.
Merjs is also involved in advising a number of high profile organisations such as property companies, commercial developers, institutions and private commercial property landlords on acquiring and selling commercial investment property for sale. This involves access to a wide range of commercial investment opportunities and a detailed understanding of the Central London commercial property market.
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Colin Becker, Equity Director and Head of Merjs, a leading London commercial property estate agency says: “Regardless of whether the commercial property market in an area is in favour of the landlord or the tenant, the prospective commercial property tenant should always make particular preparations ahead of new tenancy negotiations. These will help the tenant to achieve the best possible commercial property tenancy terms and begin the relationship with the landlord on an excellent footing.”
“Firstly,” Colin begins, “The prospective tenant should make sure that they have the best commercial property agent and solicitor on board. Both parties are critical in the commercial property lease negotiation process. The commercial property agent can advise on market conditions, ensure that the office space in question is sound and as described. The best agents will facilitate smooth negotiations with the commercial property landlord. The solicitor will be able to guide the potential tenant through the minefield of commercial property law and ensure understanding of the terms in the commercial property lease.”
“In addition,” Colin continues, “they should obtain information showing the landlord that they are an excellent potential tenant. Favourable references from current or former landlords and the tenant’s bank manager are critical. It’s also advisable to present business accounts showing that the rent can easily be covered by net profits and marketing materials demonstrating its credentials and longevity. After all,” Colin adds, “if the commercial property market is buoyant and several parties are seeking to rent the same office space, the tenant needs to be the most attractive option to rise to the top of the pile.”
About Merjs
Merjs is one of the leading commercial property estate agents, and is actively involved in selling and letting of commercial property throughout Central London.
Merjs helps to identify and negotiate the most suitable office space to let for commercial tenants; including a serviced office space requirement, a refurbished Central London office, or a new commercial development. Merjs also advises a number of high profile landlords in the letting of offices throughout Central London.
Merjs is also involved in advising a number of high profile organisations such as property companies, commercial developers, institutions and private commercial property landlords on acquiring and selling commercial investment property for sale. This involves access to a wide range of commercial investment opportunities and a detailed understanding of the Central London commercial property market.
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Contact
Merjs Charted Surveyors
Colin Becker
+44 20 7079 3976
http://www.merjs-agency.co.uk
Colin Becker
+44 20 7079 3976
http://www.merjs-agency.co.uk
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