Lease Rates Toronto - Get Competitive Bids

Make sure you get Toronto Commercial Real Estate competitive bids!!! This is the golden key to the best rental rates. It is also the golden key to the avoiding unfair landlord overcharges and it is as important for renewal tenants as it is for tenants who want to relocate. You must establish a competitive frame of reference.

You must get and compare competitively driven market bids for for Lease Rates Toronto. As much as possible, you must compare apples to apples. Make your true building preferences a mystery to not only your current landlord (if renewal is an option) but also to those landlords you select to bring in on the bidding situation.

You must always bring in other landlords. Even if you want above all else to stay in your building. Even, if you love it and would never leave!

Out of the Mist

One of my clients had been in a building for over 20 years, he loved the building, he had a great relationship with his landlord and he told me in no uncertain terms that he didn’t want to move even to get better Lease Rates Toronto. All, he really wanted was an excellent Lease Rates Toronto renewal rate. He begrudgingly accompanied me on a tour of other buildings, only when I told him was absolutely necessary for me to get him competitive bids so he could get what he wanted. Guess what? He moved.

Once we got out to the market, a beautiful new building emerged from the mist. Not only new, but it had a better floor plate for his business. In addition, the deal was far better than what we were able to get from his current landlord.

I’ve given up guessing what’s going to happen in the real estate game. All I know is that some landlords are hungrier than others at certain times. You have to put your hook out or you won’t catch any fish. If your current landlord knows for sure you’ve gone out fishing he’ll give you a better deal.

But don’t try to bluff him, get out your fishing rod and go fishing. He’ll know, he’s seen it all before. You really have to get out and look and get real bids. Who knows?

You might just find something out in the mist yourself. Hire a broker or do it yourself. If you don’t you will be paying more rent than you would be if you follow this step. You’ve got to get the landlord worried that you might move out of his building. And who knows maybe you will.

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