Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Commercial Real Estate Property - What is a Tenant Retention Plan and Why Do It?

By Gurgaon Property Subscribe to RSS | December 3rd 2011 | Views:
loading
 
  



In this housing market, where things are so difficult for many investors, a tenant retention program is essential to support the cash flow and income from rental property. There is really only one rule to apply to the design and execution of the program, keep good tenants happy and occupation.

In saying this, some tenants of commercial property can be difficult and created problems for the duration of their lease, tenants are not the first places in a program to retain tenants. If anything in the retention plan, you should seek to find replacement tenants to take space from tenants difficult.

Tenants good stuff

So let's look at the tenants who want to continue in occupation. They are the ones that should be promoted more long term leases and property relations and the tenant mix. Here are some parts of tenant retention program that may work for you as a manager or administrator of leasing:

1. The plan must be forward thinking and planning. As part of this, the lease expiration date, option dates, and dates of rent review in the next 24 months should be followed and implemented at the beginning of your case. There is nothing wrong with negotiating a lease or rental 12 months with a good tenant, if there is guarantee of employment for the next two years or more.

2. Stay in touch with all monthly tenants know when they are under pressure from the expansion or contraction of the facilities. It's better for you to find that out and work on it directly, to let the tenant another building to go and give a vacancy or defect in the lease that you can not wait.

3. When tenants are under financial pressure from the local or global economy, it is better to work with them than they lose. It may be that the product or service offered is still a viable offer for the end user market. They just need to adjust the marketing approach with or change the position of its costs. A lease under the same ownership may be an option. It can also help with assignment or subletting strategies.

4. If a vacancy exists on the property, it is better to find an occupant for a short period of 12 months to let the impact of empty space in the image and tenant mix of the property.

5. If you have tenants that are of little benefit to the property and have been significant problems for management during the term of your contract, then the planning process should look at nearby businesses that may be directed to your property and replace the tenant difficult.

6. Establish clear benchmarks in rents, incentives and conditions of the leases so you can negotiate each lease situation within the parameters of reference with the clarity and direction.

A good tenant retention plan will be a stabilizing factor in the property and lease management. All good size properties are incorporated into the plan like this in their annual lease models.

Gurgaon Property - About Author:
Author is an associate editor for Gurgaon Property.Get all possible information about Gurgaon Real Estate.we also provide information on buy, sell, rent residential apartment, plot, house, commercial properties in Delhi/NCR.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/commercial-real-estate-property-what-is-a-tenant-retention-plan-and-why-do-it.htm

Related Real Estate Articles Subscribe to RSS

Bienes raices en Aruba can provide the answers to all your worries related to your property
Published by Sothebysrealty Aruba on March 16th 2012 | Real Estate
The best way to find property in Aruba is to get hold of a real estate agent in Aruba for the best r...
 
How to find your perfect property
Published by Ramikenig on December 7th 2011 | Real Estate
With the Dubai property market experiencing a spike in sales prices over the last 3 months it is onc...
 
Three reasons why investment property repairs should be left to the professionals
Published by Ian Comnys on December 12th 2011 | Real Estate
Exchange licensee Ian Comyns shares a recent case which shows what can go wrong when landlords do th...
 
Why one should invest in property in Greece?
Published by Greekexchange on January 10th 2012 | Real Estate
Greece is one of the most beautiful places in the world; people from all over the world visit this c...
 
Letting agents can help find good property
Published by Matthew Watson on June 4th 2012 | Real Estate
The letting agents have a critical role to play with the rental property letting. For tenants they c...
 
Guarantee continuous income with sensible property investments
Published by Sophia Milller on December 13th 2011 | Real Estate
There are so many places where you can invest your money. Buying assets is the best thing to do when...
 
How to choose a good property in Bangalore
Published by Andy Wagon on February 15th 2012 | Real Estate
If you currently want a property and were looking for, then there are many references that can be us...
 
Decisions to be made during property restoration process
Published by Larry King on June 20th 2012 | Real Estate
As the restoration process proceeds, there are many decisions to be made including those relating to...
 
Sell property on the internet
Published by Glyn Jones on April 23rd 2012 | Real Estate
Internet estate agents make it easier, faster and more convenient for property owners to sell their ...
 
Rules when renting a property in Malaysia
Published by Jeevan Nanthan on June 10th 2012 | Real Estate
This document describes all the terms and conditions about the contract in detail. In case of violat...
 
Port Washington NY real estate turns up as hot property destination
Published by Jack Smith on June 15th 2012 | Real Estate
When it comes to property one question that comes in mind is that how much that thing worth to you. ...
 
Looking to rent a house in Huddersfield? Head to Martin & Co for property rental in Huddersfield
Published by Ademholt on July 12th 2012 | Real Estate
Are you planning to rent a house in Huddersfield?
Get in Touch with the Martin & Co. Estate Agen...
 
Real Estate Agent can be a good Profit maker for your property
Published by Mayank Gandhi on February 28th 2012 | Real Estate
feedbackhere.com: We provide easy to find Real Estate Agent for consumers vendors to make searching ...
 
Things to consider before property foreclosure
Published by Matthew Watson on July 5th 2012 | Real Estate
When you are to mortgage your property there are certain things that you can do to enhance the overa...
 
The contribution of property management companies of Dallas
Published by Nishaidhijames on August 10th 2012 | Real Estate
A city which is located on an area of 343 square miles with about 1,299,543 of population and also t...
 
Delimitate facilities with affordable investment in residential property
Published by Bhubaneswar Property on May 14th 2012 | Real Estate
The most prime factors for choosing flat at Bhubaneswar are very good communication, close to IT Sec...
 
The Roller Coaster Ride of Rental property Dubai
Published by Mark Castellino on December 1st 2011 | Real Estate
The best way to start up any business in Dubai is to find out the best location first then go for th...
 
Invest on Penang property to enjoy financial security in future
Published by Rick Foster on January 19th 2012 | Real Estate
Everyone out there wishes to secure their future in terms of finances and investing on the property ...
 
Real estate agent is helpful to find suitable property to invest
Published by Glyn Jones on January 13th 2012 | Real Estate
The estate agents can be very much helpful in finding the right kind of property or investing in the...
 
Choosing trustworthy property consultant is beneficial
Published by Deepti on May 4th 2012 | Real Estate
Mohali is a full-fledged market of real estate. It is major part of tricity though it has now a sepa...