The Dallas Property Tour
The property tour will generally have eight to ten office buildings that meet your specified requirements. In general the tour will take four to five hours to complete. Most of our clients look forward to the tour because it is their first opportunity to see the options that they will have for their future office location.
The tour takes esoteric thoughts and begins to make them physically materialize. By the end of the tour our clients have an excellent understanding of what the office market offers. More importantly they now have a minimum of four solid options that will meet their requirements.
Most of our tours will start in the morning at 9:00 and usually will end at three o’clock. We try mohave time for a quick lunch if the client desires to eat. We spend about twenty minutes at each location. Some of the buildings with significant amenities may take longer. If we tour more than ten buildings clients tend to forget the features of the various buildings we toured so we limit the tour to ten buildings.
In order to help our clients during the tour we prepare a detailed Dallas property tour book to help them keep everything in order. Each building will have pictures and floor plans for the various spaces we will tour. Specific details about each building will also be include. The information will usually contain asking rental rates, operating expenses, electrical cost, vacancy rates and tenant information.
After the Dallas property tour is completed our client usually take their tour book back to the office and review the ten properties that we have visited. The following morning we will meet to discuss the positive and negative features of each office building with our client. The goal is to help the client decide the best four properties that meet their businesses needs.
Once we have obtained this important information we are now ready for the next step in the Dallas tenant representation process. We will prepare requests for proposals for each of the four properties. These requests will be crafted to meet the specific requirements our clients have so that each property will meet their specifications.
As we stated before within five days we normally will prepare a complete financial analysis of the landlord’s offers. Our goal is to simplify the review process for our clients. We prepare an easy way for our clients to review each offer in relation to the others so that a wise decision can be made. We also use this valuable information to counter the landlord’s offers so that we level the field for our clients.
When our client has made their final selection we will sign a letter of intent. This is the document that will be used by the landlord to fill in the terms on the lease.
Once we choose a finalist the lease review process begins. A landlord will take the business terms and conditions we agreed upon in our letter of intent and place them into their standard lease. We always recommend that our clients us a real estate attorney to review the lease. The landlord hired an attorney to draft the lease to look out for their interests. Your attorney will take their lease and make it a little more balanced.
After a final lease draft is approved the landlord will produce executable lease documents. Our client will sign the documents and include the first month’s rent and a security deposit. We will deliver the leases to the landlord’s agent and within one to three days we usually have executed lease documents.