Are you letting your tenants dictate the timeline?
In Episode 32 of "I Own A Shopping Center. Now What?" I get to the importance of strong lease forms and staying in control during tenant negotiations. Here’s what I’ve learned from nearly four decades in the business: your lease is a living, breathing document, and you need to remain adaptable while protecting your property’s future.
Key takeaways:
[5:20] Due diligence before renewing leases: Why rushing into renewals can be a mistake and how to evaluate whether the tenant is the right fit for your property.
[10:15] Crafting a robust lease: Tips on developing your own lease form by leveraging existing leases, peer networks, and legal advice.
[22:30] Staying in control: How to avoid being pressured into tenant-driven timelines and the value of considering short-term leases when uncertain about a property’s future.
[35:45] Leveraging AI in real estate: How I’m experimenting with AI tools like ChatGPT to compare leases and streamline updates.
Your lease is more than just a document—it's a reflection of how you want your property to operate. In this episode, I share actionable steps to ensure your lease supports your long-term vision and financial goals. Don’t let your tenants dictate the process. You own the property, so you control the timeline.
Subscribe and stay tuned for more insights!
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