All throughout cooking school, you’ve been working towards one goal…opening your own restaurant some day. That day has finally come. You found the perfect commercial space for your new restaurant. It’s a centennial house with all the charm and appeal that you are looking for. The space was used as a high end day spa and the previous tenant decided to move into a larger space.
As you are reviewing your Commercial Tenancy Agreement, you realize that the lease states the tenant is responsible for the building’s maintenance and good state of repair. Also, it is noted that the tenant may make improvements to the space with the landlord’s written consent.
Now what? Before sinking your life savings into your dream restaurant, it would make sense to know the exact condition of the building since you are responsible for the ongoing maintenance and ensuring the building is in good state of repair.
In simple terms, a commercial lease occupancy inspection is a Property Condition Assessment. Our commercial inspections cover the building’s foundation to the roof and everything in between. Our reports are designed for informed decision making, with a summary of recommendations, costs and priorities. Depending on the inspection outcome, you can discuss the issues with the landlord and come to a suitable arrangement as to who is responsible for what repairs and hopefully turn your commercial lease into a win-win for both parties.
Our recommendation? Never sign a commercial lease without having a Property Condition Assessment conducted on the building, especially if you are responsible for maintenance and repairs. Click here for more information on our commercial building inspections.