Leasing

When tenants give notice of departure, we quickly check local databases of comparable sales such as the San Francisco Association of Realtors’ Multiple Listing Service (MLS) and rent data sources such as Zillow. Before marketing, we will send the owner recommendations for cost-effective upgrades that may create higher rents. We determine what current and recent rents for comparable properties have been and calculate a new rent. Advertisements are designed, interiors are photographed and floor plans prepared. Showing schedules are arranged sometimes while the departing tenant is still in place but usually after their departure. After showings have been completed and rental offers received, we evaluate applications based on credit score, income and move in date among other criteria at the time of the vacancy.

We use standard San Francisco and California based leases with amendments added based on our three decades of leasing experience. Leases are signed electronically, and cashier's checks or cash transfers are required from the new tenant in order to secure the lease.

Leases for commercial properties are typically distinct from residential leases in terms of utility charges, Commission rates and tenant improvement costs. All of which are subject to negotiation between tenant(s) and owner.

One of the key points of our leasing work is providing the owner(s) with insights into the impact on returns on investment that might result from selected upgrades or added physical amenities to the property.