3 Tips for Screening Tenants | Mark Minute

If you’ve found a tenant interested in leasing your shopping center, here are three key steps to ensure they’re a good fit:

1. Visit Their Existing Locations: If the tenant operates other stores, visit them in person to see how they’re managed. A poorly maintained store is a red flag that could indicate potential issues if they lease your space.

2. Interview Their Neighbors: Speak to other tenants in the building where your prospective tenant currently leases. They can provide insights into whether the tenant is noisy, disruptive, or a good neighbor. This information helps you anticipate potential challenges and set lease terms that protect your property.

3. Review Their Financials: Assess their cash reserves, credit lines, business longevity, and profit margins. This will give you confidence that they can afford your rent and have the financial stability to sustain their business in your center.