The first tasks we undertake when on-boarding a new management with an existing tenant is a thorough review of the lease documentation and a full reconciliation of the tenant’s ledger.
Sadly, in many instances this process uncovers costly errors which often include missed or miscalculated rent reviews and incorrect charging of outgoings.
If rent is not regularly reviewed in-line with the lease agreement and if outgoings are not accurately invoiced at regular intervals, the result can be a massive, compounded back-charge to the tenant, and prolonged non-detection has the very real potential to cause considerable loss to the property owner’s bottom line.
Ray White Commercial Bayside uses state-of-the-art software and rigorous processes to identify and respond to all critical dates, ensuring the best interests of property owners are always protected.
Contact us today to find out how our award-winning Property Management team can help maximise the earning potential of your commercial property.
As a landlord, you will inevitably need to engage contractors to undertake maintenance/repair works to ensure your property is well-kept and your asset is protected. Service providers could include plumbers, electricians, builders, gardeners and cleaners, and the degree of works could range from simple handyman tasks to larger specialist … Read more
Conducting routine on-site inspections of commercial buildings is always a good idea. It provides an opportunity to promote positive communication between landlord and tenant, and to see how the property is being maintained. Equally important, it’s an opportunity to identify any areas of general deterioration that would benefit from proactive … Read more