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Can You Recover Unpaid Rent from the Pandemic’s Skipped and ...

Sue McConnachie   |     Feb 23, 2022

During this un-precedented COVID-19 crisis, the number of Skipped and Delinquent Tenants is on the rise. Being a property manager brings with it the potential for serious risk, liability and consequences at a time when the scales of justice seem tipped in favour of the delinquent tenant. Once a tenant has gone delinquent, property managers must decide whether to proceed with legal action, and after all, if there is minimal probability of recovering the debt, why incur the costs of legal action?

Download Your Guide to The Asset Report for Skipped & Delinq...

Sue McConnachie   |     Dec 14, 2021

We’re pleased to share with you a new ebook, “Your Guide to the Asset Accumulation Report for Skipped and Delinquent Tenants”, providing an overview of the 26 sections contained in our Asset Report.

Focused Property Acquisitions – Assess the Existing Tenant B...

Sue McConnachie   |     Dec 07, 2021

When working in real estate advisory or the commercial property investment industry, due diligence is critical to a successful purchase. This is especially true when it comes to assessing the value and quality of an existing commercial tenant base and the future income stream of the property. 

Tenant Renewal – Be Aware of Changes in Your Tenant’s Financ...

Sue McConnachie   |     Oct 18, 2021

A change in corporate status, increased debt, defaulting with the Canada Revenue Agency and creditors, decreased liquidity, delinquent activity, a change in the corporate name or in the jurisdiction in which your tenant can do business - these are just some of the many changes that could occur from the time your tenant signed their original lease to the time they sign their renewal.

Being unaware of these changes could be detrimental to your continued success in property management.

That is why you need to treat each renewal tenant as you would a prospective tenant, screening them prior to renewing.

Approving the Tenant, Assignee or Subtenant in Todays Sublea...

Sue McConnachie   |     Sep 13, 2021

It is difficult to assess the full impact on the commercial market, created by the Covid-19 interruption. However, it is predictable that there will be substantial increases for subleasing and assignments, particularly in the office market. With the spread of Covid-19, brought the shift to work from home, leading certain departments to operate remotely with productivity success. Tenants are now exploring downsizing current space through assignments and sublets.

What is the Value of the Existing Tenant Base for Income Foc...

Sue McConnachie   |     Jun 16, 2021

When working in the real estate advisory and commercial property investment industry, due diligence is critical to successful purchase. This is especially true when it comes to assessing the value and quality of an existing commercial tenant base and the future income stream of the property.

Go one step further. Look beyond the past performance of the existing tenants as it is not always a reliable indicator of future performance. 

RECOURSE FOR TENANT DELINQUENCY AND BANKRUPTCY IN COMMERCIAL...

Sue McConnachie   |     Feb 05, 2021

Covid-19 is having a devasting impact on the global economy.  It raises significant implications for commercial landlords and their tenants facing the crisis.  The landlord is placed in a precarious situation during these times and is encouraged to improve their lease negotiations to protect their rights. There are several measures to help with protection, including comprehensive credit reporting, ensuring a guarantee or indemnity and requesting letters of credit and larger security deposits. These measures can assist should a tenant become delinquent or bankrupt. 

4 QUESTIONS TO ASK WHEN ASSESSING LEASE RENEWALS

Sue McConnachie   |     Dec 08, 2020

What could have changed since the original lease was executed?

  • The full legal corporate name due to an amendment or amalgamation.
  • Corporate Provincial status.
  • The jurisdiction in which a corporation is registered to do business.
  • Default with Companies Branch and Corporate Tax Branch.
  • Increased debt (including mortgages, lines of credit, term loans and credit cards).
  • Decreased bank account balances.
  • Delinquent activity (late payments, collection claims, legal actions, judgments or bankruptcy).

Reducing Tenant Risk During Uncertain Times: Download This P...

Sue McConnachie   |     Nov 09, 2020

Due to uncertainty relating to the duration and severity of the COVID-19 pandemic, it is not
possible to estimate the future impact of the pandemic. During these unprecedented times, comes
the issue of your current or future tenants’ short term or long-term ability to meet rent obligations, leading
to important decisions you will now have to make. All property investments are subject to a degree
of risk and uncertainty. The tenant qualification strategy you use to replace vacated tenants,
deal with lease roll-overs and pre-leasing development space can significantly reduce tenant
risk.

Your Guide to Interpreting Key Commercial Tenant Credit Info...

Sue McConnachie   |     Feb 04, 2020

Property Managers want to make the best possible decisions to reduce risk and increase success when evaluating tenants. Up-to-date financial and credit information about prospective tenants, renewal tenants, acquisition tenants, or skipped / delinquent tenants, is essential.

We're pleased to share with you a new ebook, "Your Guide to Commercial Tenant Credit Reports", providing an overview of the 16 sections contained in our Comprehensive Tenant Reports.

    Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.

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