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How to Level with Your Landlord: Live Q&A with Commercial Real Estate Expert

How to Level with Your Landlord: Live Q&A with Commercial Real Estate Expert

About this EVENT

We all know your largest two expenses as a studio owner always come down to rent and payroll. With your brick and mortar business on pause or functioning at a much lower capacity, that large rent expense is a hard pill to swallow and one that must be mitigated.

So how do you negotiate with your landlord to secure a rent reduction, rent abatement, rent deferral or rent forgiveness?!

Every situation is different and every owner is having a different experience, so we are bringing in Commercial Real Estate Expert Robin Fisher to address all of your unique and specific questions in this Live Q&A.

Links to Additional Resources

Notes

Takeaways:

  • Every situation is different. One major factor is what type of landlord you have:
    • Institutional – Private or Publicly traded
    • Calpers
    • Privately held families
    • Mom and Pop
  • Tenant reps are different than brokers – tenant reps can come in and help with lease restructuring
    • Benefits – skilled with lease negotiations, allow you to maintain positive relationship with your landlord by coming in as a third party
    • How they work – take a 15% fee from the amount of savings they negotiate for you – no upfront cash needed

Notes

Takeaways:

  • Every situation is different. One major factor is what type of landlord you have:
    • Institutional – Private or Publicly traded
    • Calpers
    • Privately held families
    • Mom and Pop
  • Tenant reps are different than brokers – tenant reps can come in and help with lease restructuring
    • Benefits – skilled with lease negotiations, allow you to maintain positive relationship with your landlord by coming in as a third party
    • How they work – take a 15% fee from the amount of savings they negotiate for you – no upfront cash needed
A tenant just asking for help is generally not enough for a landlord to just say OK

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