A landlord representative is an entity authorised by the landlord to manage the leasing process of their properties. Experienced professionals act on behalf of developers or property owners and act as the sole communication channel between the landlord, tenants, and other brokers. These professionals represent landlords, upholding their interests and supporting activities like marketing, tenant strategies, and negotiations. Landlord representative services include: 

• Marketing and advertising the real estate project. 
• Tenant strategy. 
• Prospecting and screening qualified tenants. 
• Negotiating lease terms. 
• Tenant management.  
• Providing legal advice and support. 
• Increasing property value. 

Importance Of Lanlord Representation Services

1. Optimising tenant strategy and occupancy rates 

Commercial building owners can leverage the knowledge and experience of a landlord representation team to evaluate their project's strengths. These strategies align rent with the market and support the development of a sound tenant mix. 

Landlord representatives have an extensive network of potential tenants, which include domestic and international businesses. With a pool of potential tenants, the team can support healthy occupancy, either before launch or during operations. 

2. Landlord representation solutions 

Landlord representation services provide comprehensive solutions for the property, from pre-leasing to leasing to post-leasing management. By planning, implementing, executing, and reporting, landlord representative teams can maximise profit and minimise costs for landlords. 

3. Protecting landlord interest 

One of the primary goals of landlord representation services is to protect the property owner's interests by negotiating and managing commercial leases on their behalf. With expertise in leasing and legal consultancy, the representative team will advise on potential issues and propose solutions to minimise legal risks and protect the landlord professionally and effectively.

CHOOSING AN APPROPRIATE LANDLORD REPRESENTATIVE 

When choosing a landlord representative, it is important to consider several factors to ensure a reliable and professional partner, including:

• Experience and Expertise: Ensure the landlord representative has market knowledge and expertise in leasing and operating procedures, related legal procedures, industry trends and marketing techniques. 
• Negotiation: Research the service provider's successful deals and negotiation ability to ensure the best rights and rental conditions.   
• Network of potential clients: The landlord representative team needs a diverse and extensive network of potential customers to reach tenants and increase the chances of successful leasing.   
• Reputation: Reputation can ensure that it is a reliable and capable partner.   
• Competitive and reasonable cost structure: Determine a reasonable cost structure and compare different units to get the best value for the same fee. 

Conclusion

To optimise profits and protect interests when leasing commercial properties, landlords should research carefully and choose a reputable representative. 

Contact Savills Commercial Leasing in Viet Nam for detailed advice on landlord representation services. 

Hotline: +84 948 000 468