"How can Leasecorp get paid by the Landlord while representing us?"

In most cases, building owners hire leasing agents to find tenants for their building. In return, the owner agrees to pay them a commission.

Because leasing agents depend on outside brokers for most of their tenant leads, they usually agree to split commissions with cooperating brokers.

Real Estate law simply requires "tenant rep" brokers to notify the owner, or their agent, that they are representing the buyer in each transaction.

"If I use a broker, won't our rental rate increase to cover the commissions?"

Our fees are typically paid by the landlord. The landlord pays the leasing agent and they split their commissions with us.

If a tenant broker - like Leasecorp - is not involved in the transaction, the building agent still receives a full commission.

In most cases, straight lease renewals result in a decreased rental rate for the tenant. Depending on the market and the amount of construction required in the original lease, this decrease can be anywhere from 5% to 40%.