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[Music] [Applause] hi guys Joubert mr. beverage property today we want to cover up on some of the expectations that you should be having regarding the lease renewal of your property some of the key factors that we find that dont get taken care of for you by your agent are the following I making sure that the lease renewal negotiations start a minimum of three months out the tile regarding this is critical and often an overlooked fact up the second thing we should be looking to is a complete overview of the market conditions such as vacancy rate median rent stock levels in the suburb this will give you a very good idea of the market youre entering into with regards to potential negotiations you might need to have with your tenants the third one is the comparative market analysis this will give you a snapshot of four or five properties that is similar to your own that have achieved a result in the current market within the last three to six month period once you go over all of that in
