Prepare for execution lease documents that comply with all legal and regulatory requirements. Explain and ensure that the lease documents are consistent with the business terms agreed to by the owner. The mathematics of leasing are clear. Leases expire, and lessees move. If there is no leasing activity, space remains vacant.
Vacant space provides no income.
Leasing activity creates occupancy. Occupied space creates income. NOI is the prerequisite to cash flow from real estate, and NOI creates value. Consequently, a real estate owner has no choice. Leasing activity is a must.