LJH Commercial

LJ HOOKER COMMERCIAL MACARTHUR 013 Understanding regulations through commercial partnership Commercial property legislation is continually changing to protect the relationship between owners, tenants and customers. It can be difficult to remain compliant, especially when you have other business interests to focus on. When it comes to legislative compliance in Australia, understanding how to best comply with all necessary rules and regulations can be tedious and time consuming. To future-proof your commercial asset, we recommend reaching out to a commercial property manager with the knowledge and experience to help any investor assess the potential of their asset, and handle the asset in a compliant and regulated manner. A specialist commercial property manager deals with prospective and long-term tenants daily. This experience translates to inside knowledge which can help ensure a commercial property asset remains relevant and appealing in a changing business landscape. As a professional working in the commercial sector, they will also be on top of current growth trends and changes. This can help you position your asset, protect its long-term investment outlook and increase its resale appeal should you wish to sell. Investors must adhere to numerous compliance and regulatory requirements as the landlord. A professional property manager will keep their client abreast of mandated requirements, including: The working order of safety items Fire extinguishers, emergency lights, fire hoses and more. Safety Exits are free of obstacles and working, building maintenance is adhered to, and lifts are regularly serviced. Building and planning codes Ensuring the building and site—everything from the building’s height and electrics to car space dimensions, asbestos removal, signage and more—adheres to relevant building codes and local planning laws. Legal requirements Understanding any amendments to Commercial Tenancy Agreements under state legislation and case law findings that are applicable to the client/tenant relationship. Adhering to compliance and regulation requires unique knowledge and processes. It’s completely different to residential property, and often requires unique compliance and reporting, data collection, and management of the client/tenant relationship to reflect the latter’s business operations. Only a professional commercial property manager can ensure an investor is kept safe.