A makegood clause can create plenty of confusion and headache for any commercial tenant.
Therefore, it’s important that you have an experienced tenant advisor on hand to help you with your makegood negotiations, and the rest of the process.
At Niche Tenant Advisory, our experience holds us in good stead and makes us an excellent choice to handle your negotiations.
Here are the benefits of having us on your side.
Save Time and Money
For many commercial landlords in Sydney, the makegood clause simply presents an opportunity to exploit a commercial tenant for a few more dollars.
Therefore, it’s essential you tread carefully and avoid any potential loss of finances.
That includes during the makegood negotiation process, as well as the strip out works that may well follow.
Hiring a professional tenant advisor or makegood professional will help your business get the best deal possible, in terms of both money and time.
Obtain a Fair and Detailed Scope of Work
When it comes to a makegood obligation, often tenants do not give the scope of work the attention it requires.
Moreover, they won’t think to negotiate the scope, when it can often be unreasonable.
Landlords will utilise the oft-grey area that comes with makegoods to get additional works completed, often stripping back a commercial space further than necessary.
Exploitation in this area is common and must be prevented at all costs.
This is where we come into the picture. With years of successful negotiation experience, we know exactly how to ensure you get a fair and detailed scope of work for your makegood.
To make sure you get a fair deal, hire a professional tenant advisor for your makegood negotiation.
Know Whether You Should Settle or Complete the Works
Landlords often offer to accept a settlement payment in place of completing the works to make good on your office.
Sometimes, this may be the better outcome.
However, it will often be a vastly inflated sum, with the aim of siphoning more money out of the pockets of the tenant.
Therefore, it can be difficult to know if you should take a settlement sum or go ahead with the makegood works.
At Niche Tenant Advisory, we can help you get the best result possible when it comes to deciding to settle or undertake the works.
To discuss your makegood negotiation, get in touch with Niche Tenant Advisory here.
