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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
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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
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THE END
“Enjoy the little things, for one day you may look
back and realize they were the big things.” —
Robert Brault