Commercial property management means managing non-residential properties such as offices, retail spaces, shopping centers, warehouses, and industrial buildings. Commercial property management includes the duties and responsibilities of managing an income-producing property. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The commercial property manager must be able to prioritize and execute a wide range of tasks. The Property Manager job role includes advertising, marketing and leasing processes, as commercial leases are generally longer than other properties, with built-in renewals and rental increases, both the marketing and lease negotiation processes are longer. There are numerous reputed companies providing property management services in Bangalore. Their goal, like the rest of the reputed companies in India, is to simplify ownership and maximize returns on real estate assets through professional management. In most cases the owner or owner of the property signs a lease or rental agreement with the tenants. The owner and manager may be the same person for small rental properties. Larger property owners may hire a resident property manager or property management company to handle various land ownership duties. In this case the administrator does not just sign the rental contract, but must provide the tenants with information on who they authorize to receive cancellations, for example cancellation by the tenant. If you appoint a manager to receive legal documents, make sure he is available to tenants for this purpose and with all the manager's responsibilities, make sure you have a clear agreement with your manager on all his responsibilities, his schedule, remuneration and other important terms. In most cases landlords expect their property manager to receive rent on their behalf, search for suitable tenants, manage and maintain the property, deal with disputes and resolve any issues at the end of a tenancy. In essence, the property manager becomes the owner's agent who takes care of his or her investment. The property manager would require the full legal names of the owner and tenant on all lease inquiries. In the case of private individuals: include your full legal name in the rental contract. Landlords must always verify the tenant's identity at the start of the tenancy. In case of a company: include the legal name of the company instead of the company name or the name of the franchise holder. In case of a trust: include the names of the trustee(s) and the name of the trust. To conclude, Commercial Property Management exists in relation to a variety of responsibilities, obligations and occupations within the commercial real estate market. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay On the one hand, Commercial Property Management will serve as a description of the process and procedures latent within one or all administrations, including the upkeep, upkeep, service and provision of a piece of property commercial. On the other hand, commercial property management may apply to legislative statutes and legal requirements that must be adhered to within the commercial property business.