A great commercial tenant has these key traits.
A great commercial tenant will make your life as a landlord much easier. If you have a property manager, it will make their life much easier, too. No one wants to deal with a tenant who trashes the property, doesn’t pay rent, and picks fights with co-tenants. What makes a good commercial tenant, though? Here are some characteristics to look for in the commercial tenant screening process.
Responsibility
A great commercial tenant will be responsible. This person will be easy to access, communicate readily, and show up on time to meetings with all the necessary materials. This person will present themselves professionally. These initial characteristics will give you an idea if they are able to tend a rental property well.
Positive Referrals and History
It’s a good idea to get any records and referrals from past commercial tenancies this person has had. Positive referrals and a clean commercial tenant history will also give you a good idea if the person will be a good tenant for your property. While there are exceptions, knowing the person’s background as a tenant is important in the screening process.
Great Communication
The tenant should also communicate clearly, promptly, and honestly. Your ideal tenant should be a person with integrity in how they relate to you. Great communication and organization is a two-way street, and improvement is always possible. A clear and reasonable contract will help set up the landlord-tenant relationship well.
Sound Finances
A tenant might be a great person to be around, but their finances could be either superb, okay, or in shambles. You need to find commercial tenants with a stable income and secure finances. The tenants should be trustworthy and able to afford and pay their rent on time.
Positive Impact on the Property and Community
A good commercial tenant will take great care of the leased property and have great relationships with any other tenants present. You can learn about what you might expect from the tenant’s commercial leasing history and your interaction with them.
The Tenant’s Property Needs Match the Property
A potential commercial tenant might be a great tenant to have, but not for your property. Ultimately, the tenant’s property requirements have to match what your property offers. Understand your commercial property’s characteristics and what tenant would match it best.
Trust the Professionals at Clagett Enterprises for Your Realty Needs
If you’re looking for an experienced property management company, the perfect realtor for your property, or a professional to assist you during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance with commercial sales, leasing, management, and development and consulting, contact us online or give us a call at 301-665-6009. To meet our team and see some of our beautiful homes, follow us on Facebook and Linkedin.