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 property management experts, we often encounter questions surrounding the distinction between damage caused by tenants and fair wear and tear. It’s crucial for both landlords and tenants to grasp the nuances of this differentiation to ensure a smooth and fair tenancy experience. The award-winning property management team at … Read more
In the realm of commercial real estate management, the significance of routine inspections can’t be overstated. While not legally mandated like their residential counterparts, these inspections play a crucial role in safeguarding the interests of both property owners and tenants. It’s worth noting that although routine inspections are not legislatively … Read more