All Topics / Commercial Property / Maintenance on multi tenant properties

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  • Profile photo of Mike

    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
    Email Me | Phone Me

    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 Mates

    Depends on what is in the lease.

    Profile photo of Mike

    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 Mates

    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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