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.