Commercial Real Estate Leasing Agent & Property Management Services Addendum 1

The Town of Westerly is seeking a qualified firm to serve as its commercial real‑estate leasing agent and to provide ongoing property‑management services for municipal assets. The contractor will be responsible for marketing available spaces, negotiating leases, handling tenant relations, overseeing day‑to‑day property operations, preparing budgets, and delivering regular performance reports to the municipality. • Perform leasing activities: market vacant commercial spaces, screen prospective tenants, negotiate lease terms, and execute lease agreements. • Provide comprehensive property‑management services: maintenance coordination, rent collection, tenant correspondence, and compliance with local regulations. • Deliver financial oversight: prepare operating budgets, track expenses, produce monthly/annual financial statements, and advise on capital improvements.