Forums / Property Investing / Commercial Property / Maintenance on multi tenant properties

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  • Profile photo of MikeMike
    Participant
    @mikesonthemic
    Join Date: 2008
    Post Count: 43

    Who pays the maintenance on multi-tenant properties. For example, a small office building or mini shopping centre with car park and common areas?

    Thanks!

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    The body corporate does, using the strata levies

    D.T. | DT Property Management
    http://www.dtproperty.com.au
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    Adelaide Property Management - whole Adelaide metro

    Profile photo of JerryJerry
    Participant
    @jerry_o
    Join Date: 2013
    Post Count: 46

    The body corp should look after the common areas and each tenants will be responsible to look after their own portion of the area.

    Jerry | Mortgage Station
    http://mortgagestation.com.au/
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    Finance Strategist - Active Investor - Serving clients Australia-wide - Based in Sydney / Melbourne

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,847

    Depends on what is in the lease.

    Profile photo of MikeMike
    Participant
    @mikesonthemic
    Join Date: 2008
    Post Count: 43

    So if you own the whole building, you are the body corporate and will be responsible for such costs?

    Scott No Mates: is there a circumstance where the tenants would be required to contribute to the upkeep of common areas which would be detailed in the lease? Using the above example of a small office block. Support the driveway to the car park needed resurfacing. Would it be a possibility that these costs would be chargeable to the tenants under the lease they have signed?

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,847

    In some cases a net lease will require contributions to repairs and maintenance but in all cases excluding replacement, structural repair or upgrades. Eg. Repairs to leaking fittings, air conditioning service etc.

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