When it comes to rental properties in OKC, the lease between landlord and tenant can quickly become a bone of contention. No matter which type of property you are renting, however, the lease will protect both parties involved.
Lease Between Landlord and Tenant
There are several things to consider when you are renting or putting property on the market. The first thing is that there are different types of properties and various types of tenants. Most of the leases break down into residential and commercial tenant leases. There are also specialized leases, such as billboards, but we will focus on commercial tenant leases for this blog.
So, “How does a lease benefit both landlord and tenant?” Any agreement will lay out each party’s responsibilities, including but not limited to when rent is due, the term, who is responsible for repairs, etc. Should either party break this agreement, there is the risk of legal penalties, and the lease will no longer be in effect. Naturally, both parties want leases that benefit their interests, which is where representation is helpful.
Lease for Landlords
Landlord representation in Oklahoma looks out for the interests of the landlord. The representative will help find potential tenants and negotiate the entire process. Landlord representation in Oklahoma specifically includes:
- Market Analysis
- Positioning of the Property
- Marketing Plans
- Tenant Analysis
- Lease Negotiations
- Activity Reporting
- Project Management
- Property Management
- Showing the Property
The goal of negotiating leases for landlords is to acquire the highest rent and best possible terms.
Lease for Tenants
Tenant representation in Oklahoma is dedicated to the needs of the tenant. The representative will help find properties, negotiate the lease for tenants, and do so much more. Tenant representation in Oklahoma also includes the following:
- Contact Landlords
- Use Their Database
- Discover New Properties
- Analyze Properties
- Compare Needs to Locations
- Negotiate Renewals
A tenant presentative does not leave after a lease is signed. They continue advocating for tenants.
These are just the highlights of negotiating leases that benefit both parties. If you have any questions about tenant representation in Oklahoma or landlord representation in Oklahoma, please contact us.