Many things are taken into consideration when deciding upon a commercial property: its location, size, and parking situation are just a few. But one of the most important things to keep in mind is the potential for repair costs. A roof in need of replacement or a defective HVAC unit could drastically increase your overall investment, which is why a pre-purchase inspection is essential. A comprehensive commercial real estate inspection will complete your due diligence so you can make an informed decision regarding your acquisition of a commercial property.
Pre- and Post-Lease Inspections for Landlords and Tenants
Long-term leases may hold tenants responsible for many or all repairs to their unit. Prior to signing a long-term lease, a tenant has the right to know whether the building is in need of major repairs such as a new roof or an upgraded electrical service. At the end of their lease, a tenant should order a commercial inspection to document the condition of their unit at the time of vacancy.
Likewise, landlords often rely on commercial building inspections prior to tenant occupancy and after tenant vacancy. An unbiased commercial inspection provides document proof of any and all resident damages, determining potential repair costs or eligibility for a deposit refund.