Property: Vetting Commercial Tenants

A property management firm with a portfolio of warehouses and office units needed to ensure that new commercial tenants were financially sound before signing multi-year leases. One prospective tenant applied for a five-year lease on a prime warehouse unit.

Using AlertFlag

• Company intelligence revealed two outstanding CCJs and a history of late payments.
• Director checks showed involvement with previous companies that had left unpaid creditors.
• The suggested credit limit was significantly lower than the annual lease value.

Outcome

The landlord decided not to proceed, instead leasing the unit to a tenant with a solid financial track record. This prevented potential arrears, eviction costs, and legal fees that could easily have run into six figures over the term of the lease.