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7/22/2015
1
Siti Hasniza Binti Rosman
UniversitiTeknologi MARA (UiTM)
MANAGING TENANT RELATIONSHIP
Managing tenant relations
• The success of PMs greatly depends on their
ability to maintain good relations with tenants.
• Dissatisfied tenants will lead to:
• High tenant turnover
• Space vacancy
• Increase cost of promotion and marketing
• Good communication system is vital for the
effective PM.
7/22/2015
2
Managing tenant relations
• Establishing landlord-tenant relationship
• Move-in inspections
• Servicing the lease
• Clear understanding of lease terms
• Manager’s personal efforts
• Meeting with tenant
• Newsletters
Managing tenant relations
Handling maintenance requests
Requests in writing
Speedy response
Excessive demands
Role of maintenance personnel
Commercial and industrial variations
7/22/2015
3
Managing tenant relations
 Rent collection
When to pay
Encourage prompts payments
Late fees
Billing notices
Managing tenant relations
 Lease renewals
The value of stable tenants
Bargaining factors
The length of the new lease term
The extent of repairs, alterations or
redecorating to be done
The amount of rent to be paid
Concessions
Rental rate
Proper notice
Competition
7/22/2015
4
Managing tenant relations
 Rental increase
Fact of life
Avoid tenant protest
Increase services
 Terminating the tenancy
Required notice
Exit interview (feedback form before moving
out)
Managing tenant relations
 Rental increase
Fact of life
Avoid tenant protest
Increase services
7/22/2015
5
Managing tenant relations
 Terminating the tenancy
Required notice
Exit interview (feedback form before moving
out)
Fair housing compliance (giving notice
termination upon expiring lease term)
Inspection of the premises
Return of the security deposit
Retention for damages
Last month’s rent
Managing tenant relations
 Terminating the tenancy in court
Reasons for eviction (breach of contract)
Notice before eviction suit
Eviction suit (process of eviction and
repossession of property)
Process of eviction suit must be served on the
tenants
Actual removal (e.g. secure court order until
the tenant physically remove from the
property)
7/22/2015
6
THE END
“Enjoy the little things, for one day you may look
back and realize they were the big things.” —
Robert Brault

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Managing tenant relationship

  • 1. 7/22/2015 1 Siti Hasniza Binti Rosman UniversitiTeknologi MARA (UiTM) MANAGING TENANT RELATIONSHIP Managing tenant relations • The success of PMs greatly depends on their ability to maintain good relations with tenants. • Dissatisfied tenants will lead to: • High tenant turnover • Space vacancy • Increase cost of promotion and marketing • Good communication system is vital for the effective PM.
  • 2. 7/22/2015 2 Managing tenant relations • Establishing landlord-tenant relationship • Move-in inspections • Servicing the lease • Clear understanding of lease terms • Manager’s personal efforts • Meeting with tenant • Newsletters Managing tenant relations Handling maintenance requests Requests in writing Speedy response Excessive demands Role of maintenance personnel Commercial and industrial variations
  • 3. 7/22/2015 3 Managing tenant relations  Rent collection When to pay Encourage prompts payments Late fees Billing notices Managing tenant relations  Lease renewals The value of stable tenants Bargaining factors The length of the new lease term The extent of repairs, alterations or redecorating to be done The amount of rent to be paid Concessions Rental rate Proper notice Competition
  • 4. 7/22/2015 4 Managing tenant relations  Rental increase Fact of life Avoid tenant protest Increase services  Terminating the tenancy Required notice Exit interview (feedback form before moving out) Managing tenant relations  Rental increase Fact of life Avoid tenant protest Increase services
  • 5. 7/22/2015 5 Managing tenant relations  Terminating the tenancy Required notice Exit interview (feedback form before moving out) Fair housing compliance (giving notice termination upon expiring lease term) Inspection of the premises Return of the security deposit Retention for damages Last month’s rent Managing tenant relations  Terminating the tenancy in court Reasons for eviction (breach of contract) Notice before eviction suit Eviction suit (process of eviction and repossession of property) Process of eviction suit must be served on the tenants Actual removal (e.g. secure court order until the tenant physically remove from the property)
  • 6. 7/22/2015 6 THE END “Enjoy the little things, for one day you may look back and realize they were the big things.” — Robert Brault