Arrange property showings, verify the company’s operation is suitable for the building and surrounding tenants, qualify tenants based on business reputation and creditworthiness. Net rent is negotiated based on prevailing market conditions and several other factors including any renovation requirements for the tenant. Collect any deposits such as first month’s rent deposit (FMR), last month’s rent deposit (LMR), and security deposit (SD). Commercial leasing done in cooperation with licensed realtors to list units on MLS or Realtor.ca.

At Strategic Property Management, we coordinate leasehold improvements and in-suite renovations to meet the needs of potential tenants and enhance the appeal of the units. This approach can attract (and keep) high-quality tenants. Having reputable businesses as tenants can improve the value of the building by getting consistent rent payments; safe treatment of the floors and walls; and a positive change to the image of the property. When a new commercial tenant wants to move into the space, they may have requirements in terms of painting, flooring, drywall, office or warehouse lighting, etc. The staff at Strategic Property Management can arrange for quotes to renovate the unit and can manage the contractors who carry out the services. These costs are necessary to suit some tenants, and it allow them to succeed at your building.

Issue proper default notices to commercial tenants in a timely manner in the event of non-payment of rent, damage to building, or disturbances to other tenants. Exercise the Landlord's right to distress including engaging a bailiff, taking possession of tenant equipment, appraising its value, selling and recouping losses, pursuing further damages in court, and post-distress lease management.

Appeal property taxes in the event of an over-assessment of property value, work with tax specialists and MPAC to accurately assess the building's value and reduce property taxes. An accurate assessment is key to prevent over-paying the municipality on realty taxes. We have seen instances of landlords paying 20% too much on property taxes because their building was over-assessed. Strategic Property Management is familiar with engaging tax specialists to appeal property assessments with the intention of lowering realty tax instalments.

Strategic Property Management provides rental statements to tenants upon request, ensuring they have the information they need for tax purposes or personal record-keeping. Our team is committed to timely responses, offering clear and detailed statements that outline rent payments, any adjustments, and other relevant information. Whether for financial planning or tax reporting, we’re here to support our tenants with the documents they need, when they need them.