Your search results

Canoga Park – Property Management – What to Ask Commercial Property Tenants

PROPERTY MANAGEMENT CANOGA PARK

What to Ask Commercial Property Tenants, BEFORE Signing a Lease

In addition to the services of a good tenant screening service, owners can substantially reduce risk by asking potential commercial real estate tenants these questions, and requesting additional information:

Who is the tenant, and who will guarantee the lease?
Is it guaranteed by the legal business entity, or also by an individual?
Who are the expected customers (target market) of the business?
If this is a new business, request a copy of a business plan that shows a history of the business, the ownership and management and their resumes, target market, operating budget (where is the rent coming from?).
If this is an established business, ask for proof of financial success over the last three to five years in the form of financial statements and/or tax returns.
Perform a business credit check.
Get personal financial statements for those parties who are be guaranteeing the lease.

This information will give a much clearer picture of the health of any business who wants to occupy space in one of your properties!

Posted by Teresa

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.