Dos and Don’ts to Lower the Risk of Commercial Eviction
Every landlord managing properties in Edmonton, Red Deer, St. Albert, Sherwood Park, Fort Saskatchewan, and other places in the Province of Alberta, will surely tell you that they desire to have good
tenants that pay on time, keep the property in good condition, and generally abide by all the conditions in the agreement. Unfortunately, many rental property owners face the often difficult and stressful task of having to evict tenants for violating the agreement.
If you are a landlord of a commercial property, here are some dos and don’ts that you can consider to help you in at least minimizing the risk of going through the process of eviction:
- Do make sure you select your tenants carefully.
When leasing commercially, finding quality tenants are essential to growing your business. While nothing can fully guarantee a “perfect” tenant there are still ways to ensure that, at the very least, your tenants will not cause you serious problems. As a landlord, you have the right to inquire about the potential tenant’s ability to pay based on their yearly income. You can also check for references and even inquire about their credit history whenever applicable.
- Do enforce every provision of the tenancy or lease agreement.
You need to instill in the minds of your tenant early on that you are running a business. You can do this by making sure they abide by the agreement at all times. You should avoid waivers and verbal leniencies as it gives the impression that the agreement is “subjective” and can be bent depending on the situation.
- Don’t forget to monitor your tenant.
As a landlord you have the responsibility to oversee your tenants and constantly and thwart potential problems before the situation escalates. Unfortunately, many landlords have their hands so full that they are often blindsided by serious problems. In some cases eviction could have been avoided if only the landlord have been vigilant enough and fully exercised their inspection rights and were available to regularly monitor their tenants. At the end of the day, whether you are managing multiple of properties in Sherwood Park or other cities in Canada, you should never be negligent of your duties.
- Don’t fail to document everything.
Never enter into verbal agreement, but rather keep everything in writing. Making sure that everything is documented will demonstrate that you are serious and consistent in enforcing the landlord-tenant agreement. Moreover, it will also make enforcement easier and clearer.
The tips above are actionable and proactive strategies that can help you avoid having to deal with problematic tenants. Nevertheless, taking these steps will never fully guarantee that you will not go through the stressful and tedious process of eviction at some point. Fortunately, there are excellent professionals who offer commercial eviction services to help keep the burden off your shoulders. These people have the knowledge, skills, and experience to help you get your property business back on track.