A leasing commission, or LC for short, is a fee paid by a commercial real estate landlord to a real estate broker in exchange for introducing a tenant that successfully completes a lease with the landlord. It is normally paid in the form of a percentage of the tenant’s yearly rent.
At EMPCO, we offer a different twist on the commissions, which saves our Client’s cash flow and risk exposure on paying commissions upfront on a Lease that the Tenant Defaults on.
It is quite simple; we only get paid when YOU GET PAID. Instead of being paid upfront on a five- or ten-year lease, we charge 6%, monthly. We collect the rent for you, administer the Lease and then take our 6% out on an ongoing monthly basis. If the Tenant ever down not pay rent, there is no check us to process or take our commission out of.
Our team reviews and abstracts every lease to ensure valuable rights are identified and costly traps are avoided.
Our experts assist with budgeting annual rent and unpredictable operating expenses well in advance.
We provide monthly reports that highlight everything you need to know about your real estate portfolio which can be customized to meet your specific needs.
Clients consider our team a trustworthy ongoing resource for reviewing critical lease documents including Estoppel certificates requested by landlords over the lease term, as well as due diligence for potential new lease acquisition.
We encourage our clients to have invoices sent directly to us, so we can review, highlight & report to you.
We review annual Operating-Expense Reconciliations and Budgets provided by landlords throughout the year to look for red flags. Each year, we help our clients recover millions of dollars in erroneous charges.
We provide monthly rent reports that highlight recurring charges, expense changes and any one-time expense. Our experts will work with your accounting team for seamless integration into your accounts payable process.
We store all critical lease data and documents in a secure, cloud-based system, making them accessible to clients 24-hours a day from anywhere in the world.