Asset Management

Whether your investment property is a small single tenant industrial building, or a multi-tenant shopping centre, Benchmark Commercial has the expertise and systems to efficiently manage your property and maximise the return from your investment.

Being commercial investment property owners ourselves, we understand what effective commercial property management requires. The growth in our property management department is a reflection of our methodical yet down-to-earth and practical approach that wins the trust of owners and tenants alike.

Asset Management Services

To protect your assets and maximise the return on your investment Benchmark Commercial provides the following services to its property management clients:

• Initial review of leases to ensure current rent and outgoings payments are consistent with lease terms and conditions.
• Incoming Tenant Inspection and Condition Report (written report with photographs signed by Lessee and Agent), essential to avoid future make-good disputes.
• Periodic inspections to assess condition of premises and identify necessary repairs.
• Monthly rent collection from tenants.
• Preparation of outgoings budgets on the Lessor’s behalf.
• Collection of recoverable outgoings from tenants (monthly in accordance with outgoings budget).
• Annual reconciliation of outgoings recovered and paid.
• Monitoring and prevention of arrears.
• Monitoring of currency of tenant’s Public Liability Insurance.
• Arrange and maintain air-conditioning maintenance contract(s).
• Arrange and maintain fire services maintenance contract(s) and issue of Annual Fire Safety Certificates.
• All tenant liaison.
• Attention to emergency and routine repairs and maintenance.
• Liaison with Strata Managers in relation to Body Corporate matters.
• Implementation of rent reviews and other periodic notices in accordance with leases.
• Processing and payment of property outgoings such as rates, taxes and maintenance.
• Assessment of market rent for Market Rent Reviews:
• Market rental advice based on our extensive commercial property database of the latest leasing transactions in the market.
• Lease renegotiation at Exercise of Option or expiry of Lease term.
• Briefing/instruction of Solicitors for preparation of lease renewals.
• Monthly financial reporting to the owner.
• Mid-month and end-of-month owner payments.
• Provision of quarterly GST reports to assist in the preparation of BAS.
• Provision of annual income and expenditure reports to assist in preparation of annual financial statements.
• Re-letting: co-ordinate re-leasing of the premises where there is an impending vacancy including preparation of advertising mediums, tenant applications, lease preparation, condition reports etc.