September 9, 2016

Financial Services

Trust, Transparency & Precision Focus

 

Richmond Virginia Commercial Rental Contracts

Harper Associates continually monitors all leases for rent escalations, calculations of common area maintenance charges as well as operational expenses. We implement a program for tenant retention to ensure long-term tenant relationships. Harper is skilled in sourcing talent for leasing space to qualified tenants. Leasing reports and continual communication with our agents allows us to better identify trends in the market and connect the needs of the community with the best operators.

  • Financial Reporting: Harper Associates utilizes fully integrated property management software created by Rent Manager to deliver timely reports with financial and operating performance.
  • Budgeting: Harper Associates prepares annual budgets and continually evaluates performance on a line by line basis through monthly budget-actual comparisons.
  • Collections: Harper Associates reviews monthly delinquency reports and actively maintains a collection program that ensures maximize collection of rents and recoverable expenses.
  • CAM Reconciliation: Harper Associates annually audits recoverable expenses and issues comprehensive statements to each tenant to recover the maximize amount of expenses provided for in the lease.
  • Lease Administration: Harper Associates monitors critical dates including rent escalations, lease renewals, certificate of insurance expirations, and up-to-date HVAC maintenance contracts.
  • Special Servicing: Harper Associates is skilled in special servicing and managing challenging tenant-relations. We focus on realistic solutions for tenants within the framework of the Lease.