tenant representative

tenant representative

A real estate broker or agent who represents tenants in locating and negotiating space for lease. Typically, the commission is paid by the landlord and is a percentage of the gross value of the lease. If the commission is 4 percent and the rent is $5,000 a month for 5 years, then the gross rent is $5,000 X 12 (months per year) X 5 years = $300,000. The commission would be 4 percent of that, or $12,000.

References in periodicals archive ?
Howard began his real estate career with the Kaufman Organization spending 9 years at the company as a top notch tenant representative utilizing his past business experience to provide insight and solutions to his clients facing difficult real estate issues.
Optimal Spaces is an industry leader Tenant Representative firm helping clients looking for office, retail and industrial real estate in New York City.
The site was leased for the bank by Katherine Williams Kane of ReloLogic, who acts as its exclusive broker and tenant representative.
Site selection must include a market visit from a strategic partner who acts as an exclusive tenant representative and works closely with the corporate management team.
By the middle of last month, about 700,000 square feet had been reported leased, said Steven Coutts, research director and senior vice president at tenant representative firm Studley, citing CoStar data.
Public housing tenant representative Garry Mallard also spoke to the group and media.
Ken Hughes, a tenant representative of LMH's shadow board, said: "The session was extremely useful.
North Tyneside Council have a vacancy for a Tenant Representative in the Holystone/Palmersville area.
Average tenant representative (lease acquisition) services: $4.
Tenant representative body Threshold last night refused to comment on the report as it sat on the commission and did not approve of it being leaked.
Brunelli is the exclusive national tenant representative for Max Challenge Franchising.
Tenant representative Joan Goodwin, from Yardley Wood, said: "We have huge waiting lists for houses and this money could be put to good use in Birmingham, but instead we are forced to hand it over to Gordon Brown.