Thursday, April 25, 2019

Commercial Property Leasing Activity Report - Your complete and foolproof guide

When you manage or lease commercial, industrial or retail buildings, you must track the rental issue, not just the landlord, but also the tenant. The performance of an investment property is affected by the lease and lease documents in a variety of ways; you usually do not want a vacant property.

The property manager or rental manager of the property must control the property strategy, business plan and rental portfolio.

To resolve this issue, it is best to run the rental activity reporting process and update it at least monthly. Within each month, the report becomes a mobile tool that supports landlord real estate investment. This is a file that tracks the following:

  • Current rental activity
  • Forward lease change
  • Vacancies

You usually want to avoid reporting content that is interrupted by cash flow or disrupts property functions outside of any plans you might have. The accuracy in the report is critical because it may be the primary document that keeps you up to date on key leasing issues. If there are errors in the report, you may miss the key date of the lease, which may be important for the landlord's long-term property function.

The Lease Activity Report is a forward-looking report that typically covers any leases and permits that may occur in the next 12 months. Special attention must be paid to the main tenants and existing lease portfolio strategies; these strategies are already active and should continue.

In multi-tenant occupancy, the number of leases in a building can become daunting and diverse. When the landlord owns and operates some properties at the same time, the stability of the lease is also complicated. Rental activity reports can help you stay up and running.

The rental activity report should include the following questions:

  1. The rental schedule for the current lease, including forecasts of arrivals or known changes, such as rent reviews by type and time, options for further maturities, and expiration dates.
  2. The current status of negotiations with new and established tenants.
  3. Sign the lease report [ie occupying the tenant's existing lease]
  4. Submitted lease report for unfinished documents for any reason
  5. Proposal to propose a new lease before the landlord or tenant makes a decision
  6. Vacancy report for upcoming or vacant areas
  7. Current marketing strategy and inspection feedback for vacant areas
  8. Currently focusing on the prospects of property and status
  9. List of vacant areas for nearby competing properties
  10. Suggested changes to the rental portfolio
  11. Lease schedule for the current surrounding market you are competing for
  12. Outline the types and levels of incentives that exist in the surrounding markets
  13. Target lease and target lease terms
  14. A summary of the recent lease decisions that the landlord had on the property or any vacancy last month.

When you use these topics for rental reports, you can clearly see that most of the content has been overwritten and under control. In addition to the above items, it is best to provide a timeline diagram of current and foreseeable events to help track events before they occur.



Orignal From: Commercial Property Leasing Activity Report - Your complete and foolproof guide

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