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Limestone Property Management

Commercial Management

Photo by Swapnil Potdar on Unsplash

A One Stop Shop for Commercial Management

Under the Property Management umbrella, the Commercial Management division was driven by Client requests and providing a one-stop shop for Clients who own mixed-use buildings. Under our current portfolio, we manage retail plazas, commercial buildings, light industrial plazas along with a number of mixed (residential and commercial) buildings.

From juggling multiple Tenants in a single property to dealing with maintenance requirements of a large facility and government regulations, handling the tasks associated with commercial property management requires specialty expertise. At LPM, we offer key contacts in the trades industry and knowledgeable staff who understand the requirements to deal with these types of buildings. We have found that Tenant relations, ensuring low vacancy and maintaining a building to the highest standards will maximize your ROI.

We work collaboratively with Realtors to assist when units are vacant and need to be filled. Working closely during negotiations, pricing out Tenant improvement costs and ensuring all items are set up for new and existing Tenants is where we specialize.

Our Commercial Management Package includes:

Commercial Lease / Tenant Placement

We work with professional Realtors who specialize in commercial leasing to ensure you receive the right service. Early on, we develop a relationship with the Realtor and prospective Tenant to understand their business and negotiate a fair package and terms.

Management of Tenant Relations
  • Collection of monthly rents and credits
  • Action plan for collection of delinquent fees and charges
  • Resolving Tenant disputes and effective communication between Tenant and Landlord
  • Lease Renewals
  • Ensuring all Lease covenants are followed
Financial / Asset Management
  • Financial reporting and cash management
  • Accounts Payable and Accounts Receivable
  • Disbursements of net proceeds with monthly statements
  • Operating cost budgets (TMIs)

Physical Maintenance and Management of Vendors
  • Analyze property needs and develop a cost effective comprehensive plan
  • Preventative maintenance
  • Project and construction management
  • Regular inspections of property
  • 24/7 contact for emergencies
  • Vendor selection (quotes) and supervision

Fees will vary on type of building and units contact us to discuss pricing for your commercial properties.


Contact us today for your free consultation!

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Serving

  • Kingston
  • Napanee
  • Gananoque
  • Brockville
  • Ottawa

Head Office

110 Railway Street
Kingston, ON K7K 2L9

Phone: 613-530-3340

Fax: 613-530-3459

Email: [email protected]  

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