tenant representative

tenant representative

A real estate broker or agent who represents tenants in locating and negotiating space for lease. Typically, the commission is paid by the landlord and is a percentage of the gross value of the lease. If the commission is 4 percent and the rent is $5,000 a month for 5 years, then the gross rent is $5,000 X 12 (months per year) X 5 years = $300,000. The commission would be 4 percent of that, or $12,000.