In managing a commercial or retail property, there are many things to monitor from the perspective of maintenance, lease management, cash-flow, and rent control. The best way to control things will be through some dedicated software program; there are several good programs available for review and consideration, but they all have differences and costs. …
Many commercial property managers and leasing managers don’t spend enough time on tenant management and communication, only to soon find that they have an upcoming vacancy or a building that is underperforming from a rent and occupancy perspective. There is a strong link between tenant encouragement, communication, property performance, and landlord involvement. At the base…
With some leases today, you will find that the actual rent paid by the tenant is well above market, and that could be because of fixed rent increases occurring from the lease and during the initial lease term without a true ‘market’ review or alignment. A high rent situation is always good for the landlord,…
When it comes to leasing commercial or retail premises, understand the opportunities of boosting the rental income over the long term for your landlord client, and negotiate the lease accordingly to provide that rental growth. Certainly, the negotiation of a lease is the main priority for the landlord. Still, the quality of the lease will…
When it comes to commercial property investment, there are always different ways to handle rental income. The most important strategy to have sorted from the very start is a good lease. Unfortunately it is the case that some investors cut corners on lease documentation (to save money) by using some generic lease that really doesn’t…
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