If you are managing a commercial building in Australia, then making sure that the property is in good condition should always be a priority. This not only saves you money as it promotes energy efficiency, but also goes a long way in ensuring that potential buyers or tenants get impressed by the condition of your building. Good maintenance habits attract good tenants, and allow you to charge your current tenants higher rent rates.
Exterior and Interior Maintenance
A key element of commercial property upkeep covers maintaining the external aspects of the building and property. As the property owner or manager, it is an excellent idea to always take a routine walk throughout the exterior part of the property, taking note of any areas that need attention, replacing, or repairs. This includes damage to window glass, the paint, landscaping, and signage, without forgetting the parking areas and the roofing.
Unless it has been clearly stated in the commercial property lease contract between the tenant and property owner, the proper upkeep of the commercial property’s interior falls under the management. This includes cleaning and maintaining the flooring, making necessary paint touch ups, light fixtures, furnishings, and maintaining a safe and tidy environment.
Anything that has to do with the building structure is normally the responsibility of the landlord, whereas the tenant takes care of daily maintenance like cleaning inside (and sometimes around) their individual offices. Areas in a commercial property that should be maintained by the management or owners include escalators, elevators, break rooms, bathroom areas, water heaters, air conditioning units, and any other jointly used utilities or facilities.
These areas are critical as they have a key role in the efficient operation of the commercial property. However, it is important to ensure that the lease agreement clearly defines what constitutes a structural change and routine maintenance so that nothing falls between the cracks.
Best Time for Maintenance
In Australia, when leasing a commercial property, the responsibility falls on the owner to ensure the property is in good condition, is habitable, and that it meets the State’s Tenancies Act standards. Towards that, the best time for you to schedule commercial building maintenance is ideally when it is vacant (before a new tenant moves in) or when renewing the lease.
In general, by ensuring that your property is routinely maintained, you will be in a position of increasing its overall value, preserving its total worth, and at the same time mitigating costs. Remember, investing in proper buildings maintenance is investing in its future success.