Houston Leasing Information - Step
3: Identify Opportunities
Once we have researched the market,
we will identify a number of possible opportunities and provide a summary
of their strengths and weaknesses, availability, and financial terms.
The goal of this research is to provide you with a thorough understanding
of the current dynamics of each market, available options, and financial
implications.
Each opportunity will be summarized
and a detailed profile will be developed. In this profile we will include:
- current and future availability of space
- building plans showing all tenants and vacancies
- a list of recent transactions in the project and an analysis of asking
vs. achieved rents
- profile of owner/landlord overview of negotiation style/strategy of
owner/landlord
- financial details, including rents, tenant inducements, taxes, operating
costs and any other relevant additional costs
- condition of existing space
- property and property management strengths and weaknesses
The Six Step Approach
Step 1: Analyze Requirements
Step 2: Analyze the Market
Step 3: Identify Opportunities
Step 4: Goals and Objectives
Step 5: Develop Strategy
Step 6: Execute Strategy
Key Issues in a Lease
A Tenant's Perspective
Non-Disturbance
Non-Disturbance and Memorandum of Lease
Tenant's Rights to Make Repairs
Assignment and Subletting
Abatement of Rent When Tenant Is Prevented from
Using Premises
Quality of Construction-Standard for Maintenance,
Repairs & Operations
Definition of Fair Market Rental Rate
Default by Tenant
Operating Costs, Taxes & Utilities
Tenant's Indemnification
Administration Fee