Own, Lease & Occupy

MAKE GOOD NEGOTIATIONS

We have successfully acted upon some of the largest financial claims in Australian history, including upon many multi-million dollar whole office building tenancies. We can apply our expertise on ‘either side of the table’ and pride ourselves on achieving great commercial

outcomes.

CONDITION REPORTS

Condition Reports are used as a tool to eliminate the risk of future dispute relating to the agreed condition of specific premises. They are a photographic document that records the condition at a point in time. Condition Reports are commonly completed at the beginning of a lease or when nearby building works are planned that could possibly cause damage to adjacent buildings. They are prepared as a document of fact or proof and are often relied on for mediation or court proceedings.

A Condition Report simply records the condition of the property at a point in time whereas a Make Good Schedule makes reference to the specific disrepair, the remedy required and the responsibility with reference to the particular lease clauses.

DEFECT INVESTIGATIONS

Our tertiary education and professional qualifications in building pathology uniquely place us as experts in the field of defect investigation and remedial recommendations.

CDC’s Chartered Building Surveying skills, professionalism and independence allow for superior ‘Own, Lease & Occupy’ solutions for our Asset and Property Management clients. Setting up leases with Schedules of Condition, which may include Environmental Schedules of Condition, to Dilapidations or Make good at the end of the lease,

all provide commercial effectiveness and efficiency while supporting the professional management of the tenant relationship.

MAKE GOOD SCHEDULES

“Make Good” Schedules are a schedule of building

defects or disrepair which occurs during the term of a

lease, which is developed in consideration of the tenant’s

lease covenants. For property owners, a Make Good Schedule specifies the scope and cost of works, relative to the repairing covenants of the lease, to be completed by the tenant prior to vacating the premises.

For tenants, a Make Good Schedule can be used to plan for future cost liabilities, which can be used to assess the viability of a relocation strategy or negotiations with the landlord. Make Good Schedules are prepared following a thorough property inspection and careful consideration of the lease documentation. Although generally prepared towards the end of a lease schedules can be prepared during the term and even after the lease has expired, to ensure the property is maintained or to recover costs for damages. The CDC service is delivered in two stages: Preparation of the Make Good Schedule; followed by the negotiation phase.

ASSET REGISTERS

Asset Registers can take many forms, from a basic inventory of loose chattels to a detailed schedule of all plant and equipment including manufacturer, capacities, age, replacement cost, lifecycle, et al.

ASBESTOS REGISTERS

Thorough inspections to identify the presence of hazardous materials and either assumed or confirmed asbestos containing materials in accordance with the Occupational Health and Safety Regulations 2017 (OHS Regulations) and State specific compliance codes. Prepare Hazardous Materials Assessments, Registers, Management Plans, Asbestos Registers, Division 5 & 6 Audits.

PROPERTY RISK REPORTS

Property Risk Reports are almost a ‘mini due diligence’ and involve thoroughly inspecting a commercial building and undertaking a documentation review. Our focus is to determine compliance with legislative requirements associated with the building including Occupational Health and Safety (OH&S) hazard classes such as site and contractor management, hazardous materials, maintenance and site safety.

DEFECT INVESTIGATIONS

Our tertiary education and professional qualifications in building pathology uniquely place us as experts in the field of defect investigation and remedial recommendations.

PROJECT MANAGEMENT AND CONTRACT ADMINISTRATION

CDC Property Consultancy’s Project and Contract Management Services are diverse in order to meet the wide-ranging requirements of the Property Sector. Our services extend from the “Comprehensive

Management” of the complete Project Control Team and administration of the contract to more limited Project Monitoring and “watchdog” Due Diligence for financiers or future purchasers.

CAPEX & MAINTENANCE FORECASTS

A well-costed Capital Expenditure Schedule is essential for the long-term cost modelling of a property. This schedule will focus on the more significant costs – especially those associated with Building Plant and

Services. To optimise Property Management and maintain asset value, an accurate Schedule of Maintenance is essential. Our schedules, which identify and detail future works in terms of extent of repair, timing and potential cost can be utilised to set future operating expenditure budgets and sinking funds.