Landlord Representation

Leasing

LORICO provides coordinated landlord leasing services for client property or portfolio that leverage local market intelligence and established relationships to achieve maximum occupancy levels for client properties and to quickly secure tenants to fill vacant space. LORICO provides market exposure for a subject property, builds the landlord’s image, and creates a leasing strategy that attracts and retains quality tenants. LORICO develops an individual asset plan, which plan details strategies to attract, retain, and meet the needs of tenants.

Landlord representation services include:

• Offer solicitation and review
• Property positioning and marketing
• Initiation of tenant negotiations
• Document preparation and distribution
• Contract negotiation and execution
• Supervision of attorneys

Lease Restructuring

LORICO provides lease restructuring services for landlords, providing opportunities to enhance property value. Lease restructures are often included as part of rent review negotiations but can often result from a proactive proposal by either party to a lease. Common lease restructuring opportunities include:

• Lease extensions/reversionary leases
• Varying the demise
• Exercising/removing break options
• Changing the frequency of rental payments
• Capping/controlling the service charge
• Variations to existing alienation provisions
• Revising other landlords/tenants covenants
• Rectifying errors in wording or formulas