What landlords need to know. Vacancies are an inevitable part of owning commercial property. There are steps landlords can take to minimise both how often they occur and how long a property remains vacant. Retain good tenants where you can In the current market, one of the best ways to minimise vacancy is simply to retain good tenants. While achieving the best possible rental return is always...
What landlords need to know. Lease options are often considered a straightforward process. However, following changes to the Retail Leases Act 2003 (Vic) over recent years, we have found there is often confusion around the different pathways a lease option can take. Understanding the process can help landlords avoid unnecessary delays, minimise disputes and ensure they are responding correctly...
An EOFY reminder for landlords and tenants in multi-tenanted commercial properties. As we approach the end of the financial year, many landlords and tenants within multi-tenanted commercial properties will soon be preparing for their annual outgoings reconciliation. How outgoings work For properties where outgoings are budgeted and recovered from multiple tenants, each tenant typically...