At Smith Boone, we specialize in commercial tenant and buyer representation, ensuring our clients’ interests are prioritized in every transaction. Our unique fee structure means that landlords and sellers pay our fees, providing you with professional representation at no cost to you. Here’s how our services are structured:

Tenant Representation

Tenant representation fees are generally paid by landlords and property owners at market rate commissions, which are contingency-based. This means:

• No Retainer Required: We do not require a retainer fee to start working with you.
• No Hourly Fees: Our clients are not charged by the hour.
• Market-Driven Fees: Our fees are consistent across all building alternatives and driven by market rates.
• Contingency-Based Payment: We only get paid when we successfully complete a transaction for our client.

Program, Project, and Construction Management

Our program, project, and construction management fees are flexible and can be structured to meet your specific needs. Standard industry compensation methods include:

• Percentage of Construction Costs: This is the most common arrangement.
• Fixed Fee Per Square Foot: An alternative based on the project size.
• Monthly Retainer: For ongoing projects and long-term engagements.
• Custom Arrangements: Tailored solutions to fit your unique project requirements.

Lease Administration & Advisory

Lease administration and advisory fees vary based on your individual needs, offering cost-effective solutions for every client. Our services are designed to streamline lease management and provide valuable insights to optimize your real estate portfolio.

Lease Audit

Our lease audit services are offered on a contingency success basis. This means:

• Complimentary Review: We provide a free initial review of your lease and operating charges.
• Contingency Fees: If we identify a potential claim, our fees are based on the success of the audit and the savings we secure for you.

Planning + Design

Planning and design fees are similar to lease administration and advisory services, tailored to your specific needs. Our team assists with:

• Optimal Sizing and Adjacencies: Determining the best layout for your space.
• Growth Trajectory: Planning for future expansion.
• Functionality and Acoustics: Ensuring efficient and effective workspace.
• Comparative Analysis: Evaluating multiple options to find the best solution.

Typically, planning and design expenses are reimbursed by the landlord as marketing expenses. Other fees may be covered by the landlord-funded tenant improvement package. In some cases, clients may contract directly for specialized services on a case-by-case basis.