Ventura Partners: Project Checklist 6

PROJECT CHECKLIST PART SIX: PROVIDING FOR TENANTS

Different tenants will require differing accommodations, and meeting those can financially impact your project's economic health. Here are some important questions to ask:

• Do you know what kind of tenant improvements your commercial tenants will require?

• If you plan to rent to a restaurant, have you provided for a grease trap or exhaust system?

• Do you have enough storage to meet maintenance and tenant needs?

• What kinds of common facilities and equipment can you provide your tenants to reduce their costs of doing business?

• Do you have a sign plan for your building? Who is overseeing it? Who will pay for tenant signage for the building?

• Have you thought of developing a cooperative marketing campaign for your retail and service tenants?

• What community events will you use to attract customers?

• How will you support your tenants to maintain the health and longevity of their businesses?

Next let's look at some of the decisions that need to be made when establishing tenant policies.