What You Need to Know About Commercial Property Maintenance in Lagos

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Unless you are a property owner who is willing to live on site and personally manage the upkeep of the commercial property, you will need to find an independent third party to take care of maintenance. Finding the right commercial property maintenance company can be challenging. With so many choices available, it’s important to know what factors you should consider when selecting a company. It is also critical that you understand exactly what your responsibilities as a landlord are. When leasing commercial real estate, landlords have certain rights and responsibilities regarding maintenance tasks. Depending on the type of lease you sign and your personal situation, there could be secondary details that come into play as well. This article will walk you through all the ins and outs of commercial property maintenance in Lagos so that you are prepared before signing any agreements.

Finding the Right Commercial Property Maintenance Company

Before hiring a commercial property maintenance company, you’ll want to make sure you find the right match for your needs. There are a few factors you should consider when selecting a commercial property management company. Depending on your situation, some will be more important than others. When evaluating commercial property maintenance companies, you’ll want to look at the following factors: - Experience and reputation - You want to work with a company that has a proven track record for excellence. Ideally, you want a commercial property maintenance company that has been in business for several years and has a strong reputation in the industry. Before hiring anyone, you should do some research to see what others have to say about the company. - License and insurance - Make sure the commercial property maintenance company you are considering is licensed and insured. This is especially important if they will be on your commercial property site. Having proper insurance coverage is critical in case of an accident that results in injury. - Services offered - Make sure the commercial property maintenance company you are considering offers the services you will need. Some companies offer a more comprehensive, turnkey service where they will take care of everything for you. If you prefer a more hands-on approach, you would work with a company that offers a less comprehensive, manual service.

Responsibilities of a Landlord

Whether your commercial property is leased or you own it outright, you will likely be required to provide maintenance and repair services. However, depending on the agreement you have with your tenants, you may be able to assign maintenance tasks to them. Here are some of the maintenance tasks you may be required to handle for your commercial real estate: - Lawn care - Snow removal - Emergency repairs - General cleaning - Plumbing repairs - Electrical repairs - Roof repairs - Sprinkler system repairs - HVAC repairs and maintenance Keep in mind that each landlord-tenant relationship is different. If you and your tenant have agreed to certain conditions, they will be expected to comply with those terms. If they don’t, you have the right to terminate the lease.

Types of Commercial Property Maintenance Contracts

Before you begin working with a commercial property maintenance company, you should have a maintenance contract drawn up. This will help you to better understand exactly what your responsibilities are as a landlord and protect you from costly mistakes. There are a few things you should consider including in a maintenance contract. Some of these items include: - Maintenance schedules - Types of repairs - Responsibilities during an emergency - Maintenance payment schedule

Advantages of Using a Third Party Commercial Property Management Company

Working with a third party commercial property management company has many benefits. Hands down, one of the biggest advantages is that you can focus on running your business instead of doing the maintenance work yourself. In addition, you will have one less thing to worry about if you ever decide to sell your commercial property. You can rest assured knowing that the company you selected will take good care of your commercial property and make sure it is kept in top condition. Third party management companies are well versed in the commercial real estate industry, so they know exactly what needs to be done to keep your property running smoothly.

Disadvantages of Using a Third Party Commercial Property Management Company

The only real disadvantage to working with a third party commercial property management company is that you will have to pay a monthly fee for their services. It’s important to remember that you can always choose to manage the maintenance tasks yourself if you would like to save money. However, keep in mind that it will take a significant amount of time out of your day that could be better spent focusing on other aspects of your business.

Key Takeaway

When leasing commercial real estate, landlords have certain rights and responsibilities regarding maintenance tasks. Make sure you are clear on what is expected of you and your tenants so that you can avoid problems and keep your commercial property running smoothly. Before hiring a commercial property maintenance company, you should make sure they are experienced and have the right insurance coverage. A maintenance contract is a good way to clearly define what both you and your tenants are responsible for.