How Commercial Property Is Valued in Canada and Why Your Appraisal Came in Low
A commercial appraisal that comes in below expectations can affect a sale, refinancing or investment plan. A buyer may no longer qualify for enough financing, while an owner refinancing a property may receive lower loan proceeds than expected. However, a low appraisal is not necessarily an error. Commercial property valuation in Canada considers the property’s […]
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How to Vet a Commercial Tenant’s Financials Before You Sign
A commercial lease is a long-term financial commitment in both directions. When you sign a 5-year lease with a tenant who defaults after 8 months, you don’t just lose 8 months of rent. You lose the income the lender expects to service your commercial mortgage. You lose months of vacancy while you find a replacement. […]
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Switching Commercial Property Managers: How to Do It Without Losing Tenants
Commercial property owners who are dissatisfied with their current property manager face an uncomfortable dilemma. The service isn’t working – the monthly reports are inadequate, maintenance is being mishandled, rent collection is sloppy, or the relationship has simply deteriorated past the point of recovery. But the cost of a badly managed transition can feel worse […]
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The Commercial Operating Budget: What Owners Should See Every Month
Most commercial property owners receive a monthly statement from their property manager and can’t tell whether it contains everything they should be seeing. Some get a one-page rent roll summary and a bank transfer. Others receive a 40-page PDF packed with raw numbers but no budget baseline to measure them against. Neither tells you what […]
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