Full Service Commercial Leasing
FEE: 5% of total lease (excluding CAC)
PEKA'S COMMERCIAL LEASING FEE INCLUDES:
- PEKA and the Owner will enter into a standard real estate listing contract for each lease space, detailing all terms, obligations, and requirements thereof.
- PEKA shall determine the rental value of your property and your specific requirements, and shall advise of any changes in the market conditions that affect your property. This shall include an estimate of common area costs, net and gross areas, and field measurement of lease spaces, signage requirements, tenant improvement specifications, tenant improvement allowances and GST, and shall clearly indicate the Total Monthly Payments.
- PEKA shall prominently list the property for lease on behalf of the owner at the owners expense. PEKA shall further advertise the space for lease in PEKA's general advertising program at no cost.
- PEKA shall place For Lease signage on the space/project.
- PEKA shall clearly advise the owner of the provisions of DUAL AGENCY and shall obtain written permission to act as dual agent.
- PEKA shall contact potential tenants, assist the tenants in the preparation of an offer to lease, and show the property to qualified applicants.
- PEKA shall check references and obtain lease qualification documents and/or lease guarantees/personal guarantees.
- Owner shall provide PEKA with suitable lease for prospective tenants. PEKA will negotiate and prepare the leases in triplicate for execution on behalf of the owner (solicitor-accepted format).
- PEKA shall negotiate the terms, conditions, and requirements of the lease on behalf of the owner, which shall include the detailing of all tenant improvements by the lessee. PEKA shall further provide the necessary follow up and inspections of tenant improvements for inclusion in the lease documentation.
- The leasing commission earned shall be 5% of the total lease payable (excluding CAC).
- Commissions will be due and payable upon commencement of the lease.
- PEKA offers full real estate co-operation providing for a 50% commission split with a lessee's licensed agent’s real estate broker that acts on behalf of the lessee for the leasing of space, or alternatively, PEKA offers a referral fee in the amount of 1% to the agent’s broker for the referral of a customer to PEKA that completes a leasing transaction.
- A lease renewal commission of 2.5% of the lease value shall be earned for the negotiation of lease renewals with existing tenants.
- PEKA shall complete an occupancy inspection report on the property with the incoming tenant.