Who Represents the Tenant in Commercial Leasing Transactions (original) (raw)
This is an Executive Summary of the November 2014 research study report, “Conflicts of Interest in Commercial Real Estate Transactions: Who Represents the Tenant?” The research study was undertaken by the Center for Real Estate and Urban Analysis (CREUA), at The George Washington University School of Business (GWSB), under the direction of two GWSB professors: Project Director Christopher B. Leinberger and Research Director, Principal Author, and Project Manager Peter E. Smirniotopoulos. The research study sought to identify the potential conflicts of interest inherent in real estate transactions between a commercial tenant and a prospective landlord; evaluate the legal, regulatory, and industry mechanisms in place to protect the interests of commercial tenants through professional representation in these transactions; and where necessary, make recommendations for how such tenant protections might be strengthened to assure an arm’s length transaction between the parties, thereby optimizing the functioning of the commercial real estate marketplace.
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