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Ron Morgan | EISInsurance

Commercial Series-Tenant Representation

Dec 17th 2015 at 10:32 AM

Tenant Representation includes development strategy, planning, demographic analysis, logistics and distribution services, analysing the competition in the market, occupancy cost and the related negotiations. It’s all about working in line with the tenants around the world, understanding and meeting their requirements that span a single office or a global portfolio as well as a renewal or relocation. With the support of in-depth knowledge, a keen ability for market forecasting and problem-solving ability, our experts in lease profession can effectively create and leverage opportunities in the marketplace to secure the most fruitful transaction structure. In today’s competitive time, your location speaks more than your company’s image and the location of your business can speak volumes about your efficiency, productivity, corporate image, and employee morale. Navigating the commercial space to set up your business and industrial space market is an ongoing challenge backed by a highly competitive and volatile economy. The whole idea behind this tenant representation is; in order to reach to a solution to the problem e.g. getting office space on lease, the corporate tenants require substantial access to the market information, transaction expertise and equally good negotiation skills.

Understanding the need and importance of Tenant Representation in the Commercial Stream, there was an event on Thursday, December 3, 2015, 12:30p - 1:30pm. The series of lectures were presented by the CREA of San Diego and taught by Vince Provenzano of Pacific Coast Commercial and Mike Lipsey, internationally renowned commercial lecturer.

Be it negotiating a single lease or managing multiple real estate transactions for a portfolio of offices and facilities on a global level. The aim of controlling the occupancy costs, maximising productivity, employee recruitment and customer perception will demand expert knowledge, creativity and sophisticated and accurate solutions to the problems to meet the corporate goals.

Sometimes it so happens that your lease may also require you to purchase tenant insurance on the building, the contents of the property, or maybe both, in that regard various firms who specialise in the same can help. There are many insurance firms that offer a number of options for business owners, including a wide range of policy types. These firms can adjust your coverage to meet your specific needs by working with their network of providers to get you the best possible policy and price. Also, apart from being in the commercial stream whenever there is a need for a home insurance, California residents know the right place who have the expertise in the same and where they can get the right policy at the right price. Offering home insurance in San Diego, there are firms who specialise in providing the right coverage for the needs. And also if you are looking for affordable homeowner insurance, you can filter you search and look for the expert solutions. In recent years we have seen that few landlords have requested for a higher bodily injury, property damage liability limits and personal injury liability limits. Some landlords also carry earthquake insurance, some don’t, this can greatly affect the amount of operating expenses passed through to tenants, so it is always advised that while negotiating the insurance provision a tenant can run it by their insurance carrier (and attorney), as they are the ones that have to comply the terms.

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