Commercial

Commercial Property Management defined:

Commercial Property Management aims to maximise the asset value of properties for the landlord. The key responsibilities of our office include but are not limited to the following.

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Systems and Standards to deal with
  • Collecting rent and GST (if applicable)

  • Rental arrears

  • Lease options

  • Rental review

  • Lease renewal and expiry

  • Property files including lease agreements, correspondence etc.

  • Diary notes

  • Legal and Regulatory Requirements

  • Understanding and working with the Retail Leases Act 2003

  • Preparing (if applicable), understanding and executing the Disclosure Statement and Lease with both the tenant and landlord

  • Different types of Lease Agreements

  • Special conditions

  • Notifying the Small Business Commissioner (SBC) of a new lease agreement

  • Application and collection of GST

 

Financial Responsibilities
  • Invoicing

  • Collecting rental

  • Remittance to landlords via a statement (monthly)

  • Invoice outgoings (including any GST on charging)

  • Preparing and distributing quarterly (if required) and annual financial reports

  • Paying creditors

  • General accounting

 
Liaising with both Tenants and Landlords
  • New tenant enquires, inspections etc.

  • Notify of rent default

  • Assisting the landlords solicitor

  • Maintenance

  • Rental reviews, annual and market review

  • Lease options

  • Termination - breach of lease or expiry

  • Transfer of Lease

  • Maintaining general file notes

 

Property Maintenance
  • Understanding urgent maintenance

  • General maintenance - landlord and/tenant responsibility (capital or general)

  • Essential service requirements

  • Site inspection (this is not compulsory)

© 2017 by LR Reed Melbourne Pty Ltd.

29-31 Market Street, Entrance