Client Care Flashcards
(3 cards)
How did you balance the tenant’s request for a surrender with your client’s desire to avoid a void?
I recognized that a lease surrender would trigger void costs and potential devaluation. I advised my client that a lease assignment would retain income and reduce risk. This preserved the asset’s value while helping the tenant exit on commercial terms.
How did you manage expectations and keep your client informed throughout the process?
I maintained weekly updates via email and calls, flagged risks early, and explained technical aspects in understandable terms. I used a formal Request for Client Instruction form to outline recommendations and obtain approvals.
Can you describe how your advice was tailored to your client’s commercial goals?
My client aimed to maintain full occupancy and income. I proposed a lease assignment to a financially stronger tenant, ensuring rent continuity. I rejected options that introduced voids or uncertain re-letting periods.