Property Management Level 3 Flashcards
Suite E The Point - Explain your advice for delaying the incoming tenant works. Was there not an agreement to lease in place which could have facilitated their requests? If not, why not?
No, terms were still being agreed. Tenant was the one delaying as I suspect they wanted to keep their options open. Plus I suspect the contractor was getting ahead of themselves.
Bingham Enterprise Centre - What did you advise regarding security and why? What qualifications do you have in this regard?
No Qualification, just common sense and experience. Combination of keys and coded lock boxes.
Bingham Enterprise Centre - What advice did you give regarding safe storage of the keys and why?
Useful if needed in case of emergency, tenants are aware, risk of theft.
West Bridgford Allotments - What advice did you give to the Council regarding smoke and pollution? Where did your experience emanate from?
Experience of dealing with the public and as a member of the public. Also have some knowledge on pollution and the burning of materials.
West Bridgford Allotments - What were the complications?
Some things you are allowed to burn at certain times in certain locations. laws protecting people from nuisance.
West Bridgford Allotments - What were the solutions and how were these best communicated/negotiated?
More recycling and composting. no burning of wrong materials. More signage at the allotments and harsher sub tenant terms going forward.
The Point Suite E tenants fit out, relevant lease terms or documentation?
There was no agreement to lease in place.
All documents thus far were subject to contract.
Licence to Alter was an option but the council didnt want to provide.
Their lease did have a clause details their allowed alterations.
Provide clarity on the reasons for producing a schedule of condition, along with demonstrating/discussing the benefits and drawbacks for both landlord and tenant?
A schedule of condition is a detailed record of a property’s condition that can be used to protect both landlords and tenants:
Protects against damage claims
A schedule of condition documents the condition of a property at the start of a lease, which can be used to prove if damage occurred before or after the lease began. This protects landlords from being held responsible for repairs caused by normal wear and tear, and tenants from being held responsible for repairs they didn’t cause.
Helps negotiate lease terms
A schedule of condition can be used to identify repairs that need to be made before the lease is signed, and to negotiate the terms of the lease.
Limits repairing obligations
A schedule of condition can be included in a lease to limit a tenant’s repairing obligations to the condition of the property at the start of the lease.
Provides a fair record
A schedule of condition provides a fair, first-hand record of the property’s condition, which can be used to compare the property’s condition at the start and end of the lease.
