The makegood obligation is one part of your Sydney commercial lease that simply must be planned for and executed properly.
If you handle it well, your business will be much better off financially. You’ll be able to focus entirely on your office relocation.
However, if you don’t budget and prepare for your makegood obligation, it’s likely that you will face the financial consequences later on.
This is why you should be budgeting for your Sydney office makegood.
What is a make good obligation?
A make good obligation is a clause in a commercial tenancy contract. It requires the tenant to return the premises to its original condition.
That means removing any office fit-out that the tenant might have had installed, as well as any other variations to the space.
Unfortunately, many landlords see the make good obligation as a way to squeeze a little more money out of a tenant. Particularly when they don’t want to pay for a strip-out or office demolition.
How can you prepare?
The best way to ensure that your make good obligation in your commercial lease is realistic and fair is to negotiate before you sign the lease.
Too many tenants have been left in the lurch because they only skimmed over this part of their commercial lease when signing.
That leaves them at the mercy of their landlord. And why should their landlord offer them a discount on their make good?
What happens if you didn’t prepare?
If you didn’t prepare for a makegood, you simply must hire the professionals to handle your negotiations for you.
Even if you’re in a poor position, we’ll work hard through negotiations to get the best outcome for your organisation.
Makegood Cost Calculator
At Makegoods.com.au, we offer a free makegood cost calculator. This will help you get a better idea of how much your Sydney makegood obligation might cost.
If you’re able to budget for your makegood obligation, you’ll be in a much better position come the end of your lease.
Our calculator will take into account the size of your office, the finishes and furnishings, as well as any other components of your original Sydney office fit-out.
That’ll ensure you get the most accurate estimate possible and can budget accordingly.
To discuss your makegood obligation with us, get in touch at Makegoods.com.au.