Annual Fire Safety Statements: Ensuring Smooth Approval from Council
Lodging your Annual Fire Safety Statement (AFSS) can be a complex process, but avoiding common mistakes can save you time and stress. From ensuring inspections are conducted on time to aligning your statement with the Fire Safety Schedule, this guide breaks down the key pitfalls to watch for. Discover how our Property Management team can simplify the process and help you stay compliant.
Securing Rent in Commercial Leases: The Power of Ratchet Clauses for Landlords
In commercial property investments, the structure of your lease agreements plays a critical role in maintaining the value of your asset. While long-term leases provide stability, they can also pose risks if not supported by a solid rent review mechanism. Without such provisions, landlords may see their rental income diminish over time, particularly in a declining market or during economic downturns.
The Vital Role of Market Reviews on Commercial Assets
“Engage a specialist Commercial Manager or suffer the loss!”
The rental return from your commercial property is the very essence of what determines your assets’ value.
The following case study serves as a testament to the role an expert Commercial Asset Manager can play in ensuring critical Market Reviews are carried out correctly.
Asbestos Alert for Pre-Dec 2003 Buildings
Asbestos is a hazardous material that can pose health risks when disturbed. In New South Wales, it is a requirement to complete an Asbestos Materials Report for Commercial, Retail, and Industrial properties that were constructed before 31/12/2003.
The benefits of an Asset Manager that proactively advocates for their Landlords: Making good on the ‘make good.’
Commercial property leases entail more than mere agreements; they often involve intricate negotiations, particularly concerning “make good” requirements at the end of a lease term. These requirements specify what must be restored, and their interpretation can vary. The primary goal is to safeguard the property’s value and ensure its return to its original state.