Things to Consider When Deciding Whether to Use a Tenant Representative or Not

Many times, as a business attorney I get asked if I know much about leasing space. While like many business lawyers, I can review a lease, like most other business lawyers, I don’t really keep track of the current market prices for each neighborhood in the Denver metro area. However, as a good business attorney, I know who does. Here are some things to consider if you are deciding whether to use a tenant representative or not.

  1. Do you have time to research the best place for your business? Good tenant representatives will be able to advise you on areas of town where your business can succeed. Because they keep track of real estate for a living, they will know where restaurants are successful, where retail shops flourish, and where shops consistently die.
  2. Do you know the current rental prices? Good tenant representatives know the current market prices for square footage on spaces throughout the area. They will be able to tell you if a space is going for too high or too low. While you can always research this on your own, it may take more time than you have to do so.
  3. Can you negotiate with landlords? Some people are born negotiators; some are not. If you are not, then having someone negotiate for you can save you money and headache. Tenant representatives are use to negotiating for space and know what can and cannot be changed easily.
  4. Are you seeking a very specific type of space? If you are seeking office sharing arrangements, space in a specific type of environment (i.e. renting a booth at a salon), a tenant representative may not be best. However, if you are seeking retail space, restaurant space, or office space, a tenant representative may be able to help.
  5. Do you want to save time when your attorney reviews your lease? In some cases, having a tenant representative can save time when your attorney reviews your lease. Although a tenant representative cannot provide legal advice, a tenant representative, may be able to spot problems during the initial negotiations.

As always, if you have any questions about renting space, please contact me, your Denver business attorney at 720-258-6647.

About Elizabeth Lewis
Elizabeth Lewis is a small business attorney, mother of two, and owner of the Law Office of E.C. Lewis, PC. She works with small businesses from start up to dissolution and everything in between. In addition to running her law firm, she teaches small business owners throughout the state at various business groups, is part of the Colorado Bar Association's Business Law Section, and several chambers. Legal Background Following the advice that she has given hundreds, Denver Business Attorney Elizabeth Lewis became a small business owner in January of 2010. She opened the doors to her own law firm, the Law Office of E.C. Lewis, P.C. which specializes in business, intellectual property, technology, and online law. Prior to starting her own business law firm, she worked for the Law Firm of David A. Sprecace, P.C., where she developed the firm’s business and technology law practice. She also has extensive experience in these fields from working under the lead attorney at the CU Technology Transfer Office where she wrote licensing, non-compete, employment, and business contracts. IT Background Prior to attending CU Law School, Elizabeth worked at Experian, one of the largest credit bureaus in the country providing IT support as part of the email-marketing department. She holds a Masters of Science in Computer Information Technology, gained while working in system administration prior to law school. She continues to be active in the IT community by attending conferences, classes, and events to learn about new technology before it hits the internet. Education Elizabeth Lewis is a native of Denver, Colorado. She has attended Holy Family High School, Metropolitan State College of Denver (Bachelor of Arts), and Regis University (Masters of Science). She received her Juris Doctorate from the University of Colorado Law School and continues her legal education taking Continuing Legal Education classes from the Colorado Bar Association and Denver Bar Association on a regular basis. Additional Activities Elizabeth regularly participates in the Denver Bar Association and Colorado Bar Association. She recently was named the head of the e-Commerce Section of the Business Law Section, Colorado Bar Association. Elizabeth is active in her community and hold memberships with the Fax Partnership, South Metro Chamber of Commerce, Glendale Chamber of Commerce, Colorado Bar Association, and Denver Bar Association. She teaches regularly at locations throughout the Front Range. In her free time, she loves spending time with her family which includes her husband, two sons, and dog and enjoying all that her home state has to offer, including hiking, biking, enjoying over 300 days of sunshine a year, and most recently crossfit.

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