A Commercial or Industrial Property Condition Report provides an accurate record of the condition of a commercial or industrial property before it is occupied by an ingoing tenant.
A PCR is used to ensure the ‘make good’ provisions in the lease can be equitably enforced at the end of the tenancy. Unlike the Western Australian residential market, it is not yet a legislated requirement for Commercial Properties to include a PCR at the commencement of a lease agreement. However without a PCR, many pitfalls exist.
How does it help?
Having a PCR in place at the beginning of a lease brings clarity to the obligations of the landlord and tenant and can avoid potential issues including:
Structures that have been added or removed without approval from the owner such as:
- Mezzanine floors in warehouses
- Partitioning in offices
- Gantry cranes and hoisting systems
- Heavy duty equipment
Damages caused by the tenant during the lease term, including:
- Oil stains on driveways
- Damage to walls or doors
- Damage to kitchens or bathroom faciltiies
- Rubbish abandoned at the property
Responsibility for removal of equipment and disputes over ‘make good’ provisions at end-of-lease, such as:
- Shelving units left in showrooms
- Surveillance cameras left in retail shops
- Cooking equipment left in kitchens
- Abandoned items
Why do you need one?
Without documented evidence of the property’s condition before the tenant takes possession, it can be difficult for the property owner to clearly show the pre-existing condition of the property. This can be a critical factor in the event the condition of the property becomes the subject of:
- “Make good” clause dispute
- A bond dispute
- An insurance claim
- Legal proceedings
Why choose us?
- Prompt and reliable service
- Fast turn-around time on reports
- Competitive pricing
- Detailed site inspections
“We are very pleased with the service provided by Asset Reports – their professionalism, attention to detail, excellent communication and end to end support leaves us with no hesitation in highly recommending them. We are comfortable knowing that all our assets, fit out and condition of all items is fully documented in a format that is easy to understand and ready to provide to any tenant or sub-tenant.
Thank you for the service provided.”