Resources

CLIENT REPRESENTATION TIPS

Lessees:

• Timeframe to secure a location typically 2-6 months

• Be prepared to present a business plan for your start-up or existing business

• Be prepared to present financial statements for your business and/ or tax returns

• Hire a real estate attorney to review the lease

• Hire an architect to assist with layout and construction

Buyers - Users or Investors:

• Typically a minimum of 20% down payment is required

• Consultant with a banker or a finance broker to gain a better understanding of what is necessary in order to finance the purchase of a commercial property

• Establish a budget for purchasing a property

• Users should evaluate their space requirements to understand exactly what they need

• Investment Goals, determine your short term and long term objectives

• 1031 Exchange requirements and timeline

• Hire a real estate attorney to review contract documents