Katchen and Company maintains an aggressive tenant retention program for all
properties under management. The program was developed and implemented in
recognition that the typical commercial lease term is five years. This means that, on
average, a minimum of 20 percent of a property's leased space will probably be up for
renewal in any given year. Even in areas where the commercial market is tight
replacing tenants requires considerable time and expense. Therefore Katchen
and Company's number-one priority is to keep tenants through our three-point
program: personal tenant contact, excellent service, and good value.
Personal Tenant Contact
The personal touch reinforces that Katchen and Company is an ally of the
tenant. Each week a member of the management team goes from one tenant to the
next addressing any concerns or problems that may need to be handled.
Excellent Service
Katchen and Company recognizes that a tenant expects more than use of space
in exchange for rent. Tenants may take good service for granted, but they remember
every single detail of poor service. Therefore it is our policy to respond immediately to
any complaint thereby diffusing any discomfort the tenant might have otherwise felt.
Good Value
The financial aspects of a lease are always a tenant's primary concern. Regardless of
the lease package provided to induce a tenant to sign a lease, value is perceived by
providing a well-maintained property and exceptional service.