Goadsby Knowledge Hub

Tips for managing your commercial property investment

Updated: 20 June 2017
  • Build a rapport with your tenant
  • Inspect your building periodically
  • Issue rent invoices ahead of the due date
  • Take quick action if payments are late; having consulted with the tenant first about the payment delay
  • Respond to tenant queries as quickly as possible
  • Diarise lease events, break clauses, decoration cycles
  • Organise building insurance on time and competitively using a broker
  • If you employ contractors make sure they have relevant insurances (public liability and employers) before instructing works
  • If there is a service charge make sure interest accrues to the benefit of the fund, thereby reducing tenant bills
  • Prepare a service charge budget and organise year end accounts in a timely fashion. Be transparent
 

Finally, if this is not for you then our Property Management team would be delighted to help.

Related Articles

Dilapidations

24 October

Dilapidations are designed to show both Landlord & Tenant what work is required to put a building back into a reasonable condition. Goadsby offer advice to either of the parties involved, both landlord and tenant.

Read more

Reinstatement Cost Assessments for Insurance Purposes

24 October

The Royal Institution of Chartered Surveyors consider it prudent to re-assess the sum insured of a commercial building every three years or whenever significant alterations and/or extensions are made to the building

Read more

Too much, or too little office space – both can hamper your business

20 October

Careful consideration is required when calculating the size of offices that you require, as it is important to avoid expensive relocations. Too much space and you could have unnecessary overheads and too little, could

Read more
Your session will expire in xx.xx
Continue or Log Out