Sue McConnachie | Jan 20, 2018
When having a prospective tenant complete a credit application, it is important that they take the time to complete it in full.
Verifying a potential lessee’s background information can take time. You must contact the bank, wait for bank ratings to process, reach out to references and uncover additional details that could be informative.
Sue McConnachie | Dec 12, 2017
Franchising is becoming a big part of Canada’s small business environment. Many entrepreneurs are either buying a franchise or franchising their own ideas or businesses. There are many advantages of being a franchisee, and perhaps the biggest one would be working in a business that already has a recognized brand.
It is estimated by the Canadian Franchise Association that the Canadian franchise industry generates approximately $68 billion every year, and this industry will keep growing. When deciding to franchise your business, it is important to know that you need to protect your brand at all times. Finding the right franchisee is more difficult than you think, and when picking the right candidate, it is crucial to always think of protecting and developing good will for your brand.
Sue McConnachie | Dec 01, 2017
Investing in real estate is an excellent way to diversify your portfolio but it can also be very complex.
Acquiring a property already being leased by existing tenants can make it even more complex. To effectively assess risks and the likelihood that your income stream will continue, we recommend our Acquisition Due Diligence Report.
Sue McConnachie | Nov 06, 2017
There are a number of reasons that a tenant can become delinquent. Some of these situations cannot be predicted, such as industry conditions that negatively impact the business or growth that is too rapid. However, there are signals of potential delinquency that can be revealed during the initial and renewal application process.
Sue McConnachie | Aug 30, 2017
Purchasing Commercial property can be expensive and risky. Due Diligence typically includes surveys, engineering and environmental reports, zoning compliance and or topographical studies. This due diligence deals with the property itself, but don’t overlook the tenants that occupy the building.
Adding a Quality Credit Acquisition Report to the due diligence process removes the uncertainty from decisions made to analyze the cost benefit of an acquisition. It will help assess the risk as well as the likelihood of the future income stream from the property. Gauging the underlying quality of the existing tenant base is key.
Even if the seller has proof that the tenants have been reliable to date, there are often developing financial issues to consider. It is very important to ensure that the correct, current, full legal names are on the lease. The reports can be produced without the consent or knowledge of the property’s current tenant base.
Before acquiring commercial property, you want to assess risk by looking at the following areas.
Sue McConnachie | Apr 24, 2017
Being a property manager/owner comes with the potential for serious risk, liability and consequences at a time when the scales of justice seem to be tipped in favor of the tenants, even if the tenant is delinquent.
Sue McConnachie | Mar 07, 2017
Commercial leasing is risky business but ensuring you choose the right tenant, at the offset, can dramatically decrease the risk.
In fact, selecting the right tenant for your commercial rental property can:
Sue McConnachie | Feb 03, 2017
Commercial property management is a risky industry which is why it is so important to take every step possible to mitigate potential risks.
One of the best ways to do this is to review your tenants thoroughly before they sign a lease. Doing so can help you identify:
Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.
Quality Credit Services Ltd. | Copyright 2026 | Privacy Notice
