VENTURA  PARTNERS

VENTURA PARTNERS • PROJECT
CHECKLIST 8

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PROJECT CHECKLIST PART EIGHT: HANDLING TENANT PROBLEMS

It's important to have a backup plan in case tenant relationships turn out to be less than perfect. Here are some questions to consider:

• How will you handle a tenant who misuses resources -- leaves their water running constantly and needlessly, overfills dumpsters or brings trash from home, leaves lights on at night or when empty, wastes heat?

• What will you do if your donut shop tenants change their business into a massage parlor?

• How can you make certain that illegal activities are not occurring among your commercial tenants?

• What will you do if your commercial tenant isn't able to pay their rent?

While handling the issues involved in maintaining healthy relationships with tenants, you'll also need to keep an eye on the overall project; i.e., managing your assets and their maintenance.