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?
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.
This reply was modified 7 years, 11 months ago by Scott No Mates.
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