Lease Make Good – The Break Up
Headaches and protracted negotiations at lease expiry could be avoided by well drafted Make Good clauses and thought out strategy (see Lease Make Good – The Pre Nup).
However, more often than not, the end of term Make Good obligations require negotiation between Landlord and Tenant. This may be in the form of Lease incentives or other commercial considerations negotiated between the Property Manager, Asset Manager and the Tenant directly.
Alternatively, specialist Make Good advice can obtained from Napier & Blakeley.
What We Do – End of Term Claims:
We will discuss the overall asset strategy for the premises. This will consider what the owner ultimately wants from the Make Good process, i.e. a financial settlement, the Tenant to undertake the Make Good works or to use the Make Good figure part of their Lease renewal negotiations.
Undertake a review of the Lease and other tenure documentation prior to inspection, in order to determine and provide advice on the likely Tenant responsibilities. Continue reading
Where did we put that Billiard table?
Do not make the mistake of assuming that others know what they are looking for.
Did you hear the one about the Senate enquiry into two disappearing billiard tables?
These two tables used to be located in the parliament’s staff recreation area and when it was realised that they had disappeared a senate enquiry ensued to find out where they had gone and importantly $100,000 was spent to find the tables that had been sold for a sum total of $4,900.
How does that fit with you as a tax payer? Continue reading
