Does agent negotiate lease

Hi

We have never tried to lease out a commercial property
Dumb Q. but do we talk to an agent or solicitor first ?
Any ideas in this area would be great

Thanks Ironlady
 
You should also decide whether you want a standard form lease ie if the lease is less than 3 years the agent can use a standard form lease (off a pad/web) otherwise (and more wisely) discuss it with your solicitor so you can have a draft for discussion with the tenant. (A draft lease is required in retail).

A good tenant rep may then pre-negotiate some clauses of the lease which they find objectionable ie they are more commercially minded than solicitors who only look at the effects of the amendments not how it affects the workability.
 
In Qld, if the lease is to be registered with the Titles office, it need to be on the correct form, and have a copy of the Survey Plan of the leased area attached, so that is usually then done by a solicitor.
 
An agent should be able to provide you with a good idea of what the current market rates are for your property, given location, size, access (if industrial), age etc etc

If the lease term (including options) is equal to, or less than, 3 years, an agent can prepare a standard commercial lease for you - my office doesn't charge for this, but some may.

Leases longer than 3 years need to be prepared by a solicitor - usually an agent should try to negotiate terms so that the Lessee pays the owner's reasonable legal fees associated with drawing up the lease. Obviously if the lease is for $10k pa then the tenant usually won't want to fork out for legal fees.

Any retail lease must be drawn up by a solicitor, regardless of the term.

I hope this helps!
 
We have been talking to an agent who has worked good for us before and he will come out to discuss it further.
We will also try some other agents to get some ideas.
The property is light industrial.

Thanks Ironlady
 
Yeh thanks for the tips guys.
Will do some un finished jobs and clean up of the property whilst talking to some agents, then hopefully put on the market next year.

Regards Ironlady
 
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