© 2024 Real Estate Consultants of Colorado, LLC
Austin, TX
The role of real estate broker seems pretty simple: meet client, find property, negotiate terms, sign contract, close, move in. Although we aim to make it look that easy, the broker often also plays the role of mediator, financial analyst, [unofficial] legal advisor, architect, interior designer, therapist, courier, project manager, quarterback... and sometimes things get complicated.
Last year, we represented a tech company that found their dream space. The only problem was that the space was subject to a sublease for the next six months. This meant that, for a sub-sublease, we needed to get the landlord's blessing, the sublandlord's blessing and negotiate a sub-sublease with the sub-sublandlord. In cases like this, one can often negotiate an early termination of these agreements in favor of a new lease directly with the landlord to replace the current leases. This particular landlord was not interested, so we dove in and made it happen. Once the sub-sublease was memorialized, we negotiated a new long-term direct lease to start thereafter.
This month, we finalized a lease for a new restaurant. The landlord's attorney insisted that we should use his form lease and then compose an addendum thereto that would speak to the specific terms of this particular agreement between the landlord and tenant. The tenant's attorney and REC unsuccessfully argued for one, more simple document. Turned down, we dove in and made it happen although it ended up being a five-month mega lease negotiation. All's well that ends well was this tenant's position as they previously turned down our suggestion that perhaps we should re-start the search for another space. We were happy to oblige.
Few things, including real estate transactions, are as simple as they should be. Hire REC for your next real estate acquisition and experience how we strive to simplify the process while protecting your best interests and, pending complexity, don't shy away from what it takes to arrive at a happy ending.
The role of real estate broker seems pretty simple: meet client, find property, negotiate terms, sign contract, close, move in. Although we aim to make it look that easy, the broker often also plays the role of mediator, financial analyst, [unofficial] legal advisor, architect, interior designer, therapist, courier, project manager, quarterback... and sometimes things get complicated.
Last year, we represented a tech company that found their dream space. The only problem was that the space was subject to a sublease for the next six months. This meant that, for a sub-sublease, we needed to get the landlord's blessing, the sublandlord's blessing and negotiate a sub-sublease with the sub-sublandlord. In cases like this, one can often negotiate an early termination of these agreements in favor of a new lease directly with the landlord to replace the current leases. This particular landlord was not interested, so we dove in and made it happen. Once the sub-sublease was memorialized, we negotiated a new long-term direct lease to start thereafter.
This month, we finalized a lease for a new restaurant. The landlord's attorney insisted that we should use his form lease and then compose an addendum thereto that would speak to the specific terms of this particular agreement between the landlord and tenant. The tenant's attorney and REC unsuccessfully argued for one, more simple document. Turned down, we dove in and made it happen although it ended up being a five-month mega lease negotiation. All's well that ends well was this tenant's position as they previously turned down our suggestion that perhaps we should re-start the search for another space. We were happy to oblige.
Few things, including real estate transactions, are as simple as they should be. Hire REC for your next real estate acquisition and experience how we strive to simplify the process while protecting your best interests and, pending complexity, don't shy away from what it takes to arrive at a happy ending.
© 2019 Real Estate Consultants of Colorado, LLC