TENANT REAL ESTATE ADVISORS
OUR PROCESS
The process of leasing, renewing or purchasing real estate can be complex. Whether a new site or a lease renewal, it is absolutely critical to start early and allow ample time in order to have a position of strength with the Landlord. We strongly suggest having the lease documentation finalized at least 6 months in advance of the lease deadline.
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Tenant Real Estate Advisors utilizes a thorough, multi-step approach to ensure that no detail is overlooked, and your critical dates and deadlines are met.
ACQUIRING A NEW SPACE
DUE DILLIGENCE
PLAN
DOCUMENTATION
RESEARCH
MOVE IN
PROCESS
MONTH
4-16
PLAN
Up to one month
RESEARCH
One to two months
DUE DILLIGENCE
Two to three months
DOCUMENTATION
One to three months
CONSTRUCTION/ MOVE IN
Two to five months
During the planning phase we:
Assemble the Team
Define the Project
Initial a Financial Feasibility Study
Develop a Complete Space Program
The research phase is an elaborate process where we:
Present Market Alternatives
Determine Primary & Secondary Alternatives
Tour Properties
Solicit Proposals from Short-Listed Properties
Test-Fit Short-Listed Properties
Time to dig into the nitty gritty details and:
Review & Analyze Proposals
Prepare & Review Comparative Financial Analysis
Negotiate "Best and Finals"
Negotiate Detailed Letter of Intent
Negotiate Tenant Work-Letter
Execute Letter of Intent
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Throughout the documentation phase we:
Verify Business Terms
Confirm Space Plan & Tenant Work-Letter
Coordinate Legal Review
Finalize Construction Drawings & Budgets
Execute the Lease
The final phase! Time to get you settled.
Project Manager Coordinates Construction
Funiture Installation
IT Coordination
Punch-List Items