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Commercial Property Management


Providing efficiency and consistency across your commercial lease portfolio


Understanding your Financial and Commercial Lease Requirements.


If you are a multi-sited business operation, it's a challenge to manage all aspects of your commercial leases, ensuring you are operating fiscally within the parameters of your lease. No two leases are alike, and if your business operation is based across multiple states, it's important to note your lease obligations AND those of your respective landlords, are being adhered to. 

 A unique service usually reserved for big businesses, Thrive Commercial can provide a full-service offering, encompassing all facets of property management, supporting growth for small to medium enterprises. This also includes monthly rent roll, lease negotiations and landlord communication. With 40+ years of commercial property negotiation and management, we execute our Portfolio Management Report, which supports your commercial leasing decisions today, tomorrow and beyond.


LEASE HEALTH CHECK

Understanding your broader business direction is important as we can determine the level of commercial lease support you need. Our Lease Health Check provides an opportunity for your current leases to be reviewed.  This includes review of critical dates, reconciliation of your cost liability under the lease against your ledger and recommendations for recovery of any overpayments. 



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RENTAL PAYMENTS

Different commercial leases require specific obligations by the landlord as detailed in your lease. The challenge for your business is ensuring that your commercial rents are paid in full and on time each month to avoid default and potential interest charges. Our Portfolio Management process allows us to schedule your payments, compare invoices and reduce the risk of rental arrears.  We manage payments to the various individual landlords on your behalf.

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PORTFOLIO EFFICIENCIES

One of the largest expenses related to your commercial lease and business survival are outgoings such as, electricity, telecommunication, internet and insurances. Manageable with one site, it can be difficult to keep these expenses under control with multiple commercial leases.  With our extensive business networks and relationships, we can review your expenses and source cost-saving alternatives across your lease portfolio to save you time and money.


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LEASE RENEWALS

Renewing your commercial lease provides continuity for both you and the landlord. In some instances, we can negotiate more favourable terms for your next lease term. Lease negotiation is a specific skill and like most things, the more you do, the better you become. Our depth of knowledge and expertise enables us to discuss and negotiate with ease, ensuring a positive commercial relationship with your landlord throughout the process.



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COST-BENEFIT ANAYLYSIS

With your commercial lease, you will need to evaluate whether to 'STAY' - negotiate a renewal or, 'GO' - negotiate a new lease in a new location. This process can be lengthy and challenging. With many business considerations, we can undertake a Stay-Go Cost-Benefit Analysis, providing you with financial, economic and market-driven data to help you make the right decision for your business growth. We recommend this process is completed 12+ months before the expiry of your lease, to allow adequate time to consider your options.


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MARKET REVIEWS

Commercial property rents can fluctuate from one year to another.  Market reviews allow the parties to re-assess the applicable rent for the premises so that it keeps pace with the market. Whether you have a long-term lease with renewal options, or are mid-term of your lease, we can negotiate with the landlord on your behalf to ensure you are not paying above market.




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SPACE ADJUSTMENTS

Your business needs may change over time and your existing lease may no longer work for your business. In some instances, you may not be able to exit the lease immediately. We review your current business space to determine other options such as surrendering, assigning or, subleasing all or part of your space. We can assist you with the process of finding a suitable replacement tenant acceptable to the landlord, and negotiate the terms of your new arrangement.

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LEASE OBLIGATIONS

Not sure of who is responsible for what under the lease? Our depth of knowledge and expertise enables us to explain in layman's terms what the important lease clauses mean and how they impact you. We can provide you with a lease abstraction, highlighting the key terms for your records, and include critical dates to be actioned. We're here to support y0ur success.



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REGULAR REPORTING

Managing multiple commercial leases can be simplified with our Portfolio Management process. We provide you with monthly reporting for each of your commercial leases, including rental payments, lease obligations and important upcoming dates with the most current and accurate data information.





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