When looking at a commercial property for sale or selling, there are plenty of things to check, but at the top of the list will be the tenancy mix and the income stream supported by the mix. In a retail property or an office property with many tenants, there will be challenges in getting across…
When you work in shopping centre leasing today, there are many different factors of performance to track within the shopping centre and within the tenancy mix. Stay on top of issues and future leasing opportunities. Things change when it comes to vacancy factors, rental charges, and lease conditions. When your commission and income comes…
The object of a budget in a commercial or retail building is to track and control income and expenditure. Every month and quarter through the year the budget can be compared to actual money earned in rent and spent in outgoings. Adjustments are then made to ensure that the landlord doesn’t experience any unknown financial…
In commercial or retail property management, the reconciliation of outgoings will be an important financial activity for the property manager and the landlord at least once per year. In that way you will know how you are tracking when it comes to gross and net income within the performance of the property. Let’s assume that…
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