THE APASS LEASING SYSTEM: SMARTER, FASTER.
When you have a single, or multi-unit residential apartment building, or commercial vacancy, we can find the right tenant - fast.
We’ve created a Leasing SWAT team that gets the job done.
APASS
Vacant Apartment Leasing
The cost to fill a vacancy is the industry standard of one month`s rent.
Services included are:
- advertising, signage, listings, and classifieds
- showing the space
- applications, credit reports, and leases
- first and last months rent payment and deposit
- tenant interviews, verifying references and identity
- provide keys, welcome letters, and building notices
- street parking letters, Hydro client letters, etc.
Residential Apartment and Commercial Leasing Services
Seems simple, but a lot goes into it. We charge 1 month’s rent to fill a vacancy, and in certain circumstances we can negotiate much lower rates, depending on:
- location
- type of property: low-rise, mid-rise, duplex, triplex, single family
- monthly rental income (the higher the rent the lower the percentage)
- number of properties being managed
- level of service you want: auxiliary services such as vetting, applications, leases, inspections, placement services, etc.
Three Commercial Real Estate Leases
Basically, there are three different types of commercial leases organized around two rent calculation methods: "net" and "gross."
- Gross Lease or Full-Service Lease
The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses.
- Net Lease: Landlord
The net lease has a smaller base rent, with other expenses paid for by the tenant.
- Modified Gross Lease
The modified gross lease is a happy marriage between the two. While terms vary widely building by building, this basic overview will help businesses shop for the best deal possible.
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