Commercial property management means managing non-residential properties such as offices, commercial spaces, shopping centers, storage facilities, and industrial buildings. Commercial property management encompasses the tasks and responsibilities associated with operating an income-producing property. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The commercial property manager must be able to prioritize and execute a wide range of tasks. The role of the property manager includes the advertising, marketing and leasing processes, as commercial leases are typically longer than other properties, with built-in renewals and rent increases, the marketing and lease negotiation processes are longer. There are a number of well-known companies that provide property management services in Bangalore. Their aim, like the rest of the well-known companies in India, is to simplify ownership and maximize the return on real estate assets through professional management. Most of the time, the landlord or property owner signs a lease or rental agreement with the tenants. The owner and manager may be the same person for small rental properties. Owners of larger properties may hire a resident property manager or property management company to handle various land ownership tasks. Here, the manager not only signs the rental agreement, he must give tenants information about who he authorizes to receive notices, such as a tenancy termination notice. If you appoint a manager to receive the legal documents, ensure that they are available to tenants for this purpose and with all of the manager's responsibilities, ensure that you have a clear agreement with your manager as to all of its responsibilities, schedule, remuneration and other important elements. Most of the time, landlords expect their property manager to collect rent on their behalf, find suitable tenants, manage and maintain the property, resolve disputes, and resolve any issues at the end of the tenancy. Essentially, the property manager becomes the owner's agent looking after their investment. The property manager would require the full legal names of the owner and tenant in all rental agreement applications. In the case of an individual: indicate the full legal name on the rental contract. Landlords must always verify the identity of the tenant at the start of the tenancy. For a business: Include the business name rather than the business name or franchisee name. In the case of a trust: Include the names of the trustee(s) and the name of the trust. To conclude, Commercial Real Estate Management exists with respect to a variety of responsibilities, obligations and occupations in the field of the commercial real estate market. Keep in mind: this is just a sample. Get a personalized document from our expert writers now. Get a Custom Essay At one end, Commercial Property Management will serve as a description of the process and procedures latent in any administration including the maintenance, upkeep, servicing and furnishing of a commercial property. On the other hand, commercial real estate management can apply to the legislative statutes and legal requirements that must be complied with in the property business..