At Commercial Realty, we understand the importance of selecting tenants who are reliable, responsible, and aligned with the terms of our lease agreements. Our tenant selection process is carefully designed to assess each applicant’s ability to meet financial commitments, comply with property regulations, and maintain harmonious operations within our properties.

Ensuring Financial Reliability

A key part of our vetting process is evaluating the financial stability of prospective tenants. These measures provide confidence that tenants can meet their financial obligations, including rent, operating expenses (OPEX), and utility bills.

We require applicants to:

• Authorize a Credit Check – This helps us assess the tenant's creditworthiness and financial history.
• Provide a Personal Guarantee or Bond – Tenants can either sign a personal guarantee or offer a three-month bond, ensuring financial accountability.
• Submit Identification Documents – Including a valid NZ Driver’s License and proof of address, which are necessary for verification.

Commitment to Lease Compliance

We work closely with prospective tenants to ensure they understand and agree to all aspects of their lease agreements. Key considerations include:

• Zoning and Operational Requirements – We confirm that the tenant’s activities align with property zoning regulations, whether for light or heavy industry.
• Environmental Compliance – Businesses handling chemicals must demonstrate adherence to environmental standards and proper disposal methods.
• Foot Traffic and Parking – We assess operational needs to ensure no disruption to neighbouring tenants or shared facilities.

Evaluating Business Suitability

Our tenant selection process also involves an in-depth review of the applicant’s business operations and goals.

Applicants are asked to provide:

• Details of Business Activities – A clear picture of their operations ensures compatibility with the property.
• Reason for Relocating – Understanding their motivations helps us anticipate their long-term needs.
• Lease Term Preferences – Aligning lease terms with business objectives contributes to a stable partnership.

Building Long-Term Partnerships

At Commercial Realty, our goal is to establish enduring relationships with tenants who value transparency and responsibility. By selecting businesses that are financially and operationally dependable, we create an environment where both tenants and property owners can thrive.

Ready to Apply? If you’re a business looking for a space to grow, our team is here to guide you through the application process. Contact us today to find out how we can help you succeed.