Being a good businessperson is one thing, but being a good negotiator is quite another. You may be able to handle all of the day-to-day organization of your business and managing your staff, but that doesn’t mean that you are capable of writing out a competitive commercial leasing agreement. This requires a special set of communication and legal skills that expert negotiators from real estate representatives have on hire. This type of person can provide your business with a chance to get the best terms in all of your real estate dealings.
A poor agreement is going to come back to haunt one or both parties represented in a deal. Having an experienced negotiator working for you will allow for greater communication between both sides. They will make sure that all interests are being represented in negotiations for the leasing of property. Nobody needs to be taken advantage of for a fair, or even favourable, deal to be reached when you draft commercial leasing. Ideally you want a deal that gives you the best terms possible but satisfies the leasing party to the greatest extent possible, so that they have no problems sticking around.
What you should look for is an experienced real estate lawyer, like Adam Dwek, Barrister and Solicitor, who has an overall understanding of the sales process and how to craft a deal for a good price. They will also be able to help you understand the overall cost of a lease or building for your commercial or real estate endeavor. An experienced negotiator will also be able to provide a keen understanding of the pricing trends in the neighborhoods in which you deal, so that all negotiations are from a position of strength.
With a real estate transaction there are going to be fees that a normal person will not be aware of. Having a negotiator who also has major experience on the legal side, like Adam Dwek, will make you aware of any upcoming fees or problems that an inexperienced or non-specialized property owner may not be aware of. For example, insurance, maintenance fees, or taxes are examples of costs that might not be common knowledge or easy to discern whether you should be paying. The more experience you have on your side, the less risk you face when entering into any business agreement.
Make sure that your negotiator has a real knowledge of the industry in which you are dealing – you shouldn’t hire someone to help out with your real estate negotiations that has experience only in labour disputes or other, unrelated forms of negotiations. Legal teams who have specialized in this industry, such as those at Dwek Law, are therefore perfect for handling your leasing agreement. Other negotiators might be able to put some of their other experience to work in real estate, but most likely they will be totally out of their league.