What do most of you brokers charge for re-negotiating leases?

I am a broker and an attorney, and I want to get an idea of what others charge for re-negotiating over market leases. Attorneys generally charge by the hour, and brokers seem to take a percentage of the savings. I'm curious as to what others do.
In Leasing Property - Asked by Evan L. - Feb 4, 2011
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Answer(s)

Ed B.
Broker/Agent
Denver, CO

I know there are a lot of brokers who do work on percentage but I prefer to charge by the hour. I view re-negotiating leases to be more consulting than brokerage.

Feb 4, 2011
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Davide P.
Broker/Agent
Pinole, CA

I know brokers who do both hourly and a percentage. Personally, I prefer to charge a percentage. One technique that was taught to me to show that I'm not there for just a quick paycheck was to take my client out to show them comparable properties so they get an idea of current market rates.

Feb 5, 2011
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Scott B.
Broker/Agent
Indianapolis, IN

I charge a percentage of the first year savings (as done by some tax appeal professionals). That percentage is a sliding scale, based upon the size of the lease. (smaller lease = larger %, vice versa) But, I am taking a risk on "eating what I kill" so I am selective on what deals I will re-negotiate.

Feb 8, 2011
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