Check Up On The Tenants Once You Put Your Commercial Property For Lease

Leasing your commercial property is a task in itself. It’s relatively tiresome and involves more documentation than you can think of. However, it’s necessary to take some time out and process the decision you are making. Leasing your commercial property to the right tenant is crucial. They need to respect the place as you would and treat it with care. To avoid any frantic calls informing you of water leakage or property destruction, it’s essential to keep a constant check, without seeming creepy.

So before you put your commercial property for lease make sure you inform your tenants of the following checks you wish to maintain,

1. Monthly visits

It’s unpleasant and downright rude for a landlord to stroll into the rented property unannounced. That’s not the impression you want your tenants to have about you. So instead of being the uninvited guest who has frantic palpitations at night, worrying about his property, you could just schedule these walk-ins. Set a date and time slot every month with the tenants, where you will be checking up on the place for any repairs or property destruction. It makes your tenants feel safe and it keeps you worry free.

2. Reports

Another way to keep them in the loop is sending monthly reports. After the monthly inspection comes the report. The report could be about any repairs you plan to undertake to improve the property it could range from something as simple as adding escalators to something as big as a recreational facility. It’s always better to keep your tenants in the loop. Another important aspect of the report is the financial details. It should have details of the rent that was collected, breakdown of the CAM charges and any other rent related information.

3. Be friendly

Who said a landlord and a tenant can’t be friends. This is precisely the reason that when Madison Commercial Property For Lease they ensure their clients are careful while selecting tenants. If you strike a friendship with your tenants then the lease period could be smooth sailing for both of you. They would be honest and open enough to discuss any problems or concerns with you, without hiding it under the carpet! While you could ask them any questions without seeming overly worried or nosy. It’s a win- win situation.

Here’s your chance of being in the know, without being in their face!

I am John Daniel, A US based Real Estate Professional and Blogger. With experience in real estate of more than 10 years, the above mentioned article is solely based on my experiences with madison management .