Blog tagged as Property Management
The property manager provides the tenant applicant with the lease application that must be filled out for the interview. A leasing agent may assist during the review process, but the final selection of tenants is ultimately the property manager and owner’s responsibility.
All leasing personnel should...
04.01.26 01:14 PM - Comment(s)
Tenants understand the need for step-ups in their leases because they recognize the inevitable upward trend of costs. There is no reason for elaborate set of definitions in the lease. The lease simply needs to spell out in a schedule the applicable period and the rent to be paid during that period.
T...
04.01.26 01:12 PM - Comment(s)
Commercial property goes in cycles from full occupancy to overbuilt with vacancies. When it has been difficult to rent, various concessions have been made to get tenants in and paying rent.
Free rent concessions have been used sometimes to help fill a building. This may have created more problems tha...
04.01.26 01:10 PM - Comment(s)
Commercial security involves systems and strategies designed to protect businesses and properties from threats like theft, vandalism and unauthorized access. It not only safeguards physical assets but enhances tenant satisfaction and business continuity. Effective security measures include advanced ...
03.02.26 09:21 AM - Comment(s)
A critical indicator of a management company’s success is their effectiveness in controlling overdue rents. A well-run property should not have chronically delinquent tenants. However, when delinquency does occur, immediate action must be taken. A list of all delinquent rents must be prepared showin...
03.02.26 09:20 AM - Comment(s)
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