A makegood obligation can be a thorn in the side of any Sydney business.
Moreover, aside from being a source of stress, it can also cost your business plenty in time and money if it isn’t handled properly.
That’s where we at Makegoods.com.au come in.
What is a Makegood Obligation?
The first thing to clarify is, what exactly is a makegood obligation?
Essentially, it’s a vague requirement for the tenant to return the premises to its original condition upon vacating the commercial property.
The term ‘makegood’ means to make good on the agreement to do the above.
However, the makegood clause in commercial lease contracts is often vague, resulting in confusion, disputes and unforeseen costs.
Know the Extent of Your Makegood Obligation
When it comes time to make good on your commercial lease agreement, ensure that you are prepared and know exactly what needs to be done.
Request a scope of works from the landlord, which will list everything that needs to be done, and compare this against the original condition report.
Ensure enough time is agreed upon with your landlord, to analyse the scope of works in its entirety. Otherwise, you’ll be rushed.
After this, negotiate that scope of works into something reasonable, with the help of Makegoods.com.au.
We’ll help you identify what’s reasonable and what isn’t, so that you can avoid unnecessary time, stress and financial loss.
Beware the Landlord
Often, landlords will offer and even encourage you to leave your makegood obligation. But it will cost you… sometimes, far too much.
You have to be wary of aggressive landlords who will try to exploit your makegood clause for financial gain… it does happen!
This is where Makegoods.com.au can help.
We have extensive experience in dealing with Sydney commercial lease makegood clauses, and difficult landlords.
With this experience, our market knowledge and skills in negotiation, we can handle your makegood negotiations with ease.
That leaves more time for your business to handle other, more important aspects of your move to your new premises.
And once the negotiations have been completed, we’ll take care of the works for you!
To discuss your Sydney makegood obligation, get in touch with Makegoods.com.au here.
