Commercial Property Inspection Tips and Tactics

When inspecting commercial property as real estate agent some further issues to consider as you prepare for the sales or leasing process are:

The surveys of the site will have relevance to the boundaries of the property. Seek out a copy of the property survey so you can check the alignment of the boundaries to the survey detail.

In office or retail property, it is common to have survey plans of the tenancy areas within the building. The plans are created to support lease documentation with the relative tenancies. The plans will also give you details of the net lettable area that apply to the leases. When a lease is registered on the title of a property, the survey plans of the tenancy area are essential. It should be noted that the registration of leases on titles varies from location to location and situation to situation. Importantly you need to know how the leases created, and how they protect the rights and obligations of the landlord and the tenant.

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