Tenant rep broker fees: who pays and how much
The landlord usually writes the check, but the commission is built into your rent. Here is how it is calculated and what to put in writing.
Lease terms, renewals, rent reviews and the brokers who negotiate them, explained from the tenant’s side of the table.
7 articles
The landlord usually writes the check, but the commission is built into your rent. Here is how it is calculated and what to put in writing.
With about 10% down and a fixed rate for up to 25 years, owning your premises can cost close to rent. It only pays off if you stay put.
Landlord and tenant are both on the hook under federal law. The lease only decides who reimburses whom, so read that clause before the rent schedule.
The rate on the listing is the smallest number in the deal, and a decade of additional rent, fit-out and exit costs can roughly double it.
Staying put is usually the landlord’s best outcome too, and a sitting tenant who starts early has more leverage than they think.
The tenant rep worth hiring is rarely the one with the best stories, and that is exactly the point.
The label on a commercial lease tells you who pays for taxes, insurance and upkeep, and the real answer is always in the fine print.