Commercial Property Managers - How to Manage Your Commercial Tenants to Success
... could then underperform. Your tenant base and tenant mix in the property have to be protected at all times. Tenants are the foundation of the property investment process. When tenants are in building or part of building occupation some of the critical things to monitor are: Functionality of the property services and amenities Use of common areas by both tenants and customers or visitors Car park use and integration to the tenant and customer access to the building The need for the tenant to expand their occupation The need for the tenant to contract their occupation Change in business demographics for the tenant (ports, transport, access, labour ... building The need for the tenant to expand their occupation The need for the tenant to contract their occupation Change in business demographics for the tenant (ports, transport, access, labour, raw materials etc.) that may influence future occupation The timing and type of future rent reviews The timing and implementation of any lease option terms to be exercised by tenants The tenants ability to pay rent Keep on top of any arrears that may occur and take steps to minimise them The terms and conditions of the lease for the tenant should be fully implemented Renovation and refurbishment obligations on the tenant and the landlord during ...
Tags: commercial tenants | tenant ports | retail property | commercial property | property manager |
Tags: commercial tenants | tenant ports | retail property | commercial property | property manager |