A tenant representative can help you through many aspects of property rental, including how to understand leasing terms and structure, short-term and specialty leasing along with other options that may be available to you. Today, there are challenges you may not be prepared to face alone in the real estate market. A tenant representative can help make the process easier because they are 100 percent focused on you without any adherence to a property management company.
Working directly with a tenant representative is one of the best ways to make rentals, purchasing, and handling real estate paperwork simple for you. It may not always be an option to have a representative side-by-side, but it is said to be superior to a traditional leasing agent.
If you do not know the difference between a tenant representative and a leasing agent — you’re not alone. The two terms seem to be interchangeable, but in the context of reviewing leasing contracts, renting, or purchasing a property there are clear differences.
What is a Tenant Representative?
A tenant representative is someone outside of a property management company, who represent your real estate interests. As your personal rep, they can help you decipher leasing contracts, understand options, and ultimately gain the right type of property contract under terms that work for you.
Many people choose to have this type of representation to protect their financial interests, however, they may not know where to find the right person due to confusion between a tenant representative and a leasing agent.
What is a Leasing Agent?
When you enter into a new contract, it can become confusing without previous real estate experience. Look for a leasing agent who will deliver what you need in a short amount of time, like a leasing contract analysis, re-drafting of clauses, identification of options as well as negotiations.
The process of leasing a new property is not always the same and many factors can cause a change you aren’t ready for. Leasing agents are there to help by keeping their attention on your interests during the process.
When you need wiggle room within a contract, your leasing agent can help create the types of options you need. If you don’t know what your needs are, they can also shed light onto your situation so you can learn what is going to work best.
A qualified leasing agent is able to share knowledge from years of experience so your challenges are easier to conquer. Develop a list of questions you can ask your leasing agent and discuss the different ways to reach your real estate goals together.
Tenant Representative vs Leasing Agent: Which is Right For Me?
The differences between someone you hire as a tenant representative and an assigned leasing agent should be clear by now. However, if you are still wondering, “Do I need a tenant representative?” you can use this short comparison to help you decide.
Regardless of the challenges you face in real estate, there is someone who can help. Call the offices of LCI Realty to discuss your needs with an experienced professional. Remember that designing a new lease contract, renting commercial real estate, or buying a home should be a fun and exciting experience.
Let a qualified tenant representative make the process easier so you can focus on more important things. If you feel that you need additional support to manage an existing lease agreement or other aspects of real estate rental or ownership – that’s ok! There is someone who can help so don’t wait to reach out.