26 Sep The Benefits of an Office Condition Report
So, you’re moving into a new office space.
It’s an exciting time for any business, and the future is bright. But how do you know that the office you’re moving into is actually in as good condition as it looks?
This is where condition reports come into the picture.
A condition report is an assessment of the physical state of the property, and should be due diligence for all businesses signing onto a new lease, or purchasing a commercial property.
Condition reports may differ, but our office condition reports include dilapidation reports, sketches and photo evidence, and more.
And they’re not just for new tenants – condition reports can be useful for building owners, property managers and facility managers alike.
So, what exactly are the benefits?
It Provides Detailed and Accurate Evidence
A condition report will provide detailed and accurate evidence of the property’s current state.
Whilst most commonly made before a new occupancy, they can also be useful in accurately determining the state of the office after a business has vacated their lease.
Having a condition report on hand essentially helps to avoid any disputes down the track. For example, when it comes to the ‘make-good’ clause on a commercial lease.
An outgoing tenant who has a detailed condition report from the beginning of their lease period, can therefore prove that they’re leaving the building in the same condition they found it.
This may involve stripping out interior elements of the office such as partitions, workstations, joinery and fixtures, which is part of the ‘make-good’ clause.
It’s Cost Effective and Time Saving
A condition report can save you time and of course money, in the long run.
As we’ve discussed above, by having solid evidence of the buildings condition, you’ll be able to avoid disputes when it comes to making good at the end of your lease.
Disputes are stressful, time consuming and can cost your business a lot of money.
Additionally, identifying potential problems with the office before they escalate can save enormous cost and time in the future.
This enables you to make an informed decision on whether or not to purchase/lease the property, or which action to take on defects that may already be present.
Identify Potential Hazards
It’s important to identify potential hazards in your office space, as well as gain an understanding of the current condition of the office.
Common problems that can be identified and nullified early include pest invasions, leaks, mould and electrical issues.
When these complications are identified, you’ll be able to schedule maintenance works accordingly, saving your business costs down the track.
Being thorough also means you’re also looking after the safety and wellbeing of your office workers. Identifying risks early will help avoid accidents in the workplace.
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