A guide to Commercial Property Management

Commercial Property Management is the professional oversight and administration of commercial premises, dealing with the routine day to day matters which arise, whilst seeking to maximise the value and profitability of the underlying assets.  At Fenn Wright, we pride ourselves in being able to offer a comprehensive range of services, our dedicated Commercial Property Management team tailor their approach to meet each client’s specific objectives and ensure the smooth running of their property portfolio.

Key responsibilities of commercial property managers:

Tenant Management

This includes securing suitable tenants, ensuring tenant compliance with lease terms, negotiating rent reviews and renewals, rent collection, and addressing tenant concerns.  Identifying the right tenant and agreeing appropriate lease terms, coupled with effective communication, is essential in protecting the investment value of the property and mitigating the risk of void periods and unforeseen costs.

Property Maintenance

Ensuring the property is well-maintained and meets all legal and safety standards.  This involves regular inspections and arranging repairs and refurbishment.  Planned preventative maintenance is a proactive approach that can save considerable time and money in the long run, meaning the property remains in good condition and operates efficiently.

Financial Management

Overseeing and managing the financial aspects of property investment, including rent collection and service charge administration, budgeting, accounting, and reporting.  We maintain detailed records of income and expenditure to enable the accurate assessment of the financial performance of the property.

Legal Compliance

Ensuring the property complies with all relevant laws and statutory obligations, such as health and safety regulations.  Current legislation places considerable responsibilities on commercial landlords.  Regular inspections by qualified professionals can help ensure your property is compliant and results in a safe environment for tenants.

Marketing and Leasing

Promoting the property to potential tenants and managing the letting process.  Our award-winning Commercial Agency team have excellent market knowledge and provide a comprehensive range of marketing services, meaning properties receive maximum market exposure and the best tenant and lease terms are secured.

Risk Management

Identifying and mitigating potential risks to the property, such as damage or liability claims.  As well as operational risks, we monitor economic conditions and external factors that could affect the performance of your investment.  Our Commercial Property Management team will work closely with you to anticipate and respond to any risks, ensuring you can make informed decisions.

Why retain the services of a commercial property manager?

Time Savings: A professional Property Manager can save you time and effort by handling the day-to-day tasks associated with property ownership.

Expertise: They have the knowledge and experience to manage commercial properties and portfolios effectively, guaranteeing they are well-maintained and compliant with all statutory requirements.

Increased Value: By maximising occupancy rates and securing suitable tenants on appropriate lease terms and rental income, using a Property Manager can help increase the value of your commercial property assets.

Peace of Mind: Knowing that your property is in the hands of a trusted professional can provide you with peace of mind.

At Fenn Wright, our Commercial Property Management team work closely with our Building Consultancy, Agency and Landlord & Tenant teams to provide a genuinely holistic service, tailored to each client’s specific requirements.  We work with private investors, pension funds, charities and the public sector and manage a broad range of properties across the industrial, office, retail, and mixed-use sectors.  Our team of experienced professionals are dedicated to providing exceptional service and maximising the value of your investment.

If you would like to review your current in-house arrangements, have recently acquired a commercial property, or are considering becoming a landlord, our Commercial Property Management team are on hand to help.  Contact us on 01206 216565 or find out more below:

Commercial Property Management services