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Interesting that fee of his, Remember that you want a good commercial lease so with that in mind are you going to provide the lease or is the agent going to use the standard one? Also if you are wanting a longer lease perhaps instead of making that fee 10% or even 8% why not tell him that...

Well done BD and congrats on the valuation

good to hear that you will be going over this with your solicitor to many of my landlords aren't happy to have their solicitor draw up the lease even though we have a template (REIV standard or Law institute standard) the ones that solicitors draw up are always different so make sure that the...

well seems to me chilliblue and I share the same frustration with some commercial agents not doing there damn job. what a solution as well, I can hear the conditioning already "because we are charging that fee we can't get a tenant" but chilliblue just knocked that out of the park:cool:

As I felt in the higher bracket of the game it is not all that common but that will all change as agents get out of the dark age and start doing things properly. I for one am spending more time on the business side things i.e. getting a better return for my landlords and keeping tenants...

Agreed In this game contacts or rather "who you know" seems to be more important most tenants that I get for our bigger properties come to us because they have dealt with us prior however never rule out the the person looking on the web If it was my property I would want to know about their...

ok bd a little secret between you and I :rolleyes: most commercial leases provide for the tenant to pay for the outgoings. This includes the "management fee" so do yourself (and partners a favour) and have someone manage it for you with you being "hands on" as you put it. A word of...

Well good work on taking the drive into commercial property Birddog hope it all goes well with the bank and thanks for the info. Also management wise, will you get an agent or self manage and I would be interested in the thought process that you go through in selecting an agent if thats where...