3 Key Questions to Ask Potential Commercial Tenants

By
Real Estate Agent with Midwest Premier Realty, Gurnee IL 224-321-0699

Commercial Real Estate LeasingQualifying commercial tenants can be a difficult process. Dealing with businesses that may have no history or individual business owners who may not have experience running a business can make it difficult to select tenants. Following are three questions a landlord needs to consider before leasing a commercial space to a tenant:

1.    Is the business owner serious about moving or expanding his or her business? Both established and new business owners have their own motivations for selecting a space to lease. Does the lease offer options for future expansion of the space? As the landlord, you want to ensure that the tenant is committed to the space for the term of the lease and perhaps even beyond.

2.    Is the business owner financially capable of supporting the lease? A thorough inspection of the prospective tenant's financial information is essential.

3.    Does the tenant meet the qualifying criteria? Every landlord will have slightly different criteria. He or she may consider only non-competing businesses within a retail plaza, or he or she may want to lease to businesses that will require minimal changes to the structure of the space. Regardless, the landlord needs to clearly identify and stick to his or her qualifying criteria.  

The difficult process of qualifying commercial tenants can be simplified if you know what questions to ask before negotiating a lease with a potential tenant.


Posted by

David Hill

David Hill

If you’re thinking about selling your home, Click Here for a free home valuation.

If you’re looking to buy a home Click Here to sign up and receive property listings that meet your criteria as soon as they hit the market.

If you'd like to search local listings of homes for sale in Chicago and the surrounding suburbs yourself Click Here.

 

    David Hill Gurnee Realtor

  Email me

Visit Our Website

 

Flat Fee MLS

Buyer Services

Short Sale Help

 Premier Full Service

 

 

 

Google+    FacebookTwitterLinkedIn

Midwest Premier RealtySearch For Properties

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Groups:
Investors
Tags:
real estate investing
leasing
commercial real estate
commercial tenants

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
331,839

Dave Hill PhD,ePro,SFR,CIAS,BPOR,CNE,CSC Chicago Area Real Estate Agent

Ask me a question
*
*
*
*
Spam prevention