TMI Explained for Ontario Commercial Landlords: What You Can Recover, How to Reconcile and Where Owners Lose Money
TMI looks simple on a lease summary: taxes, maintenance and insurance, charged in addition to base rent. Yet those three letters can affect cash flow, tenant relationships and a property’s net operating income throughout the lease term. For an Ontario commercial landlord, the challenge is turning the lease language into an accurate budget, reasonable monthly […]
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First 90 Days With a New Commercial Property Manager: Onboarding Timeline for Owners and Tenants
Changing commercial property managers is a major operational transition. While the management agreement may be signed on day one, the real work begins after the handover. The first 90 days with a new commercial property manager establish the systems, communication processes, and reporting standards that will define the relationship moving forward. A successful transition creates […]
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How to Audit Your Current Property Manager’s Performance in One Afternoon
Slow responses. Confusing financial reports. Maintenance requests that seem to disappear. When concerns like these accumulate, it is easy to conclude that your property manager is underperforming. The problem is that dissatisfaction is difficult to act on when it has not been documented. Your management agreement may specify notice requirements, default provisions or an opportunity […]
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Owner Reporting Done Right: What a Monthly Commercial Report Should Include
Owning a commercial property should not mean waiting for a year-end statement to learn that expenses have drifted, a tenant has fallen behind, or a lease deadline was missed. Yet many owners receive little more than a bank deposit and a dense accounting export each month. The numbers may be accurate, but they lack the […]
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