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The
The Lundy Group will
list property for lease and keep the property fully leased for the
highest possible income. We
normally perform leasing based on a commission compensation or
success fee. We ask
that market rate commissions be paid on the successful consummation
of any lease. The
market rates are outlined below and are subject to negotiation.
Lundy's
leasing program first establishes a plan for marketing the property.
This plan has three cornerstone elements.
The first is the listing, advertising, marketing and other
“public exposure” efforts for the project.
Lundy will list the property in the regional commercial
listing services including the Triangle Commercial Association of
Realtors (TCAR) online service, and the National online listing
service, Loopnet. We
also establish an advertising plan using periodicals and journals
such as the Triangle Business
Journal, Business Leader,
Commercial Real Estate Today, and Raleigh Chamber publications.
Other specific advertisements are done as needed or appropriate in
the respective venues. We
normally utilize on-site signage advertising the property's
availability.
A
second element is our aggressive cold calling, which is a
fundamental ingredient in our leasing success.
This practice ensures a full pipeline of prospects.
We do not wait for the telephone to ring or for prospects to
be brought to us. We
utilize a sophisticated database using ACT and Windows which is
constantly updated with prospects, their needs and all available
space within the market.
Another
element is our ability to originate and follow the leasing process
through to signature and occupancy.
Our experience allows us to use any existing lease form, or
to use our own form or to write a new lease.
At all times our practice is to consult with you at your
desired level of involvement. We
are experienced in negotiating leases on behalf of owners and
achieving acceptable results.
Following signature, we have the ability to secure the
construction necessary to renovate for any tenant and to supervise
the work through to completion.
Our
compensation is based on receiving a success-based fee or market
leasing commission based on current rates, which is a percentage of
the gross rentals to be paid by the tenant over the term of the
lease. This commission
is normally paid in lump sum by the landlord at the commencement of
the lease.
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