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Selecting a suitable tenant for your commercial property is very important. The best tenants will look after your investment and reliably pay rent throughout the terms of the commercial real estate lease. Long term tenants are preferable if you wish to receive regular uninterrupted rental income to service your commercial loan.

You should undertake a credit check on any prospective tenants. In New Zealand, you may only do this with the prospective tenant’s permission. Credit checks can be performed by several credit agencies directly online, or you can arrange these checks via your local real estate agent or property manager. Fees typically apply.

It's advisable to ask prospective tenants for references and to contact each reference given (or have your property manager do this), to check that the tenant is reliable and likely to keep up to date with rent payments.

First National agents maintain lists of prospective tenants waiting for particular types of commercial properties so we can help to speed up the leasing process for you.

Marketing your commercial property in a professional manner will help to ensure quality tenants and a good rental return. In commercial property markets with a lot of competition, making sure your property stands out requires skill and experience. Prospective tenants will often weigh up the commercial rental price being asked for against location, building quality and other aspects of the property. First National Commercial agents are experts at targeting their needs.

Our commercial real estate network attracts many inquiries from prospective tenants waiting for properties to become vacant. Our expertise in marketing and presenting commercial properties will make sure that the leasing process runs smoothly and is more cost-effective than private property marketing efforts.

Landlord Insurance protects property investors from a range of events that might impact on their property value, or cause disruptions in rental income. This type of insurance typically covers items such as the property itself (for fire, flood, theft), along with unexpected repairs, damage done to the property by accident or by your tenants, and loss of rent if your tenants stop paying or you are forced to evict them. Many policies also cover accidental damage caused to others on your property.

Landlord Insurance is advised for all investors, to minimise your financial risks.