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Buyer/Tenant

Real Estate Core Processes Overview

At KLAS, we have well defined workflows to systematically guide both buyers and sellers from initial engagement, through closing and beyond.  We understand the process can be stressful so we are right there with you managing the process from start to finish.

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Core Processes for Buyer/Tenant

We are results driven.
Here is our trusted and proven process:

Personal Meeting

Here we will gather information from you as the buyer/tenant. We want to listen to the goals you have in buying or leasing your new space. We will do a thorough needs analysis including an assessment of each location as well as a comprehensive demographic report.

Step 1

Personal Meeting

Here we will gather information from you as the buyer/tenant. We want to listen to the goals you have in buying or leasing your new space. We will do a thorough needs analysis including an assessment of each location as well as a comprehensive demographic report.

Research the Market

After thoroughly researching the market, we will put together multiple options for you as the buyer/tenant to visit each property and “walk through” them.

Step 2

Research the Market

After thoroughly researching the market, we will put together multiple options for you as the buyer/tenant to visit each property and “walk through” them.

Tour the Property

In order to be efficient with your time, we will schedule time to visit multiple properties. Through this process we will evaluate each property’s current condition and parking lot, eliminate properties that aren’t preferable, and refine your choices to fit your needs. This will allow us to get narrowed down to the top 2 or 3 options.

Step 3

Tour the Property

In order to be efficient with your time, we will schedule time to visit multiple properties. Through this process we will evaluate each property’s current condition of the building and parking lot, eliminate properties that aren’t preferable, and refine your choices to fit your needs. This will allow us to get narrowed down to the top 2 or 3 options.

Letter of Intent Negotiations

We will work with you and the seller/landlord to negotiate the absolute best terms for the purchase/lease of the property. For purchases, we will work through purchase price and length of due diligence. For leases, we will address things such as free rent, tenant improvements, and annual rent escalators.

Step 4

Letter of Intent Negotiations

We will work with you and the seller/landlord to negotiate the absolute best terms for the purchase/lease of the property. For purchases, we will work through purchase price and length of due diligence. For leases, we will address things such as free rent, tenant improvements, and annual rent escalators.

Final Offer

If you are a buyer, we will construct a purchase agreement that reflects our agreed upon terms in the Letter of Intent. If you are a lessee, we will request a lease that reflects the agreed upon terms in the Letter of Intent.

Step 5

Final Offer

If you are a buyer, we will construct a purchase agreement that reflects our agreed upon terms in the Letter of Intent. If you are a lessee, we will request a lease that reflects the agreed upon terms in the Letter of Intent.

Due Diligence

It is our desire that your purchase or lease is a great fit for your goals. In a purchase, we will walk you through a building inspection, the necessary survey, and an environmental survey, if required. We will also work with you and your lender to make sure your financing is in order to make the purchase on the closing date. In a lease, we work with your design team, builder, equipment specialist, and architect to make sure you’re ready for the buildout. KLAS Solutions works very closely with healthcare specific attorneys to read the language of the Purchase Agreement or negotiate the legal terms in the Lease Agreement to make sure everything is understood and in order.

Step 6

Due Diligence

It is our desire that your purchase or lease is a great fit for your goals. In a purchase, we will walk you through a building inspection, the necessary survey, and an environmental survey, if required. We will also work with you and your lender to make sure your financing is in order to make the purchase on the closing date. In a lease, we work with your design team, builder, equipment specialist, and architect to make sure you’re ready for the buildout. KLAS Solutions works very closely with healthcare specific attorneys to read the language of the Purchase Agreement or negotiate the legal terms in the Lease Agreement to make sure everything is understood and in order.

Sign and Close

At a purchase closing, the money will be transferred from your bank through a wire transfer to the seller. At this point, the building changes hands to you are now a commercial real estate owner! At a lease signing, you sign the lease, and the space is now your new office! For both purchase and lease, once you sign, you’re off to the races with the build-out process of your new facility.

Step 7

Sign and Close

At a purchase closing, the money will be transferred from your bank through a wire transfer to the seller. At his point, the building changes hands to you are now a commercial real estate owner! At a lease signing, you sign the lease, and the space is now your new office! For both purchase and lease, once you sign, you’re off to the races with the build-out process of your new facility.

I worked with KLAS to help me purchase my dental office and building. The entire team made themselves available and helped take care of all the nuances that I was not aware. They were an invaluable part of my team and I highly recommend their services.

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Justin Schultz, DDS

Experience Counts

Trusted Partner Benefits

  • We'll guide you through the process from start to finish (white glove service)
  • We'll find you the best fit for your needs
  • National network of real estate brokers
  • Experienced negotiators for leases
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Real Estate Buyer Frequently Asked Questions

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