By Pillar Real Estate Advisors

In the world of business relationships, the one between a commercial landlord and their tenant is a delicate one. In times like these, both sides have questions: They want to know what their options are and what the best next step is when dealing with the problems and concerns of today.

Tenants want to know that their landlords are not only available to discuss these issues, but that they have thought through options and resources that could help alleviate their concerns.

Landlords want to know that their tenants have a plan forward and a sincere intent on working toward a mutually beneficial solution to problems.

Both landlords and tenants can turn to Pillar Real Estate Advisors for consultation and guidance. Pillar Real Estate Advisors services the commercial real estate brokerage needs of Chester County, Montgomery County, and western Delaware County.

“We want to help our clients through these difficult times and empower them to make sound decisions,” said Pillar’s Andrew Turner. “The ‘advisory’ part of our role is more important than ever.”

We are available to provide guidance on issues inclusive of:

• Providing referrals to loan/grant programs designed to pay rent and utility expenses.
• Negotiating rent relief or abatement that is fair to both the landlord and the tenant.
• Structuring deferred rent payment plans that allow tenant survival and landlord income stability.
• Confirming the veracity of tenant need to ensure landlord’s time and resources are being applied wisely.
• Replacement of tenant vacancies that may arise.
• Proactive marketing plans that allow for prospective tenant options if needed.
• Opinion of “sale value” for commercial property assets with today’s market considerations of tenant volatility, loan interest rates, etc.

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Pillar Real Estate Advisors principles are upheld by the “pillars” of a higher standard. Please contact any member of our team to learn more about how we bring this unique approach to the industry of commercial real estate brokerage, allowing you to achieve your commercial real estate goals.

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