Services

A Maintenance Strategy Inspection, generally viewed/conducted as an Annual Building Maintenance Inspection, is a comprehensive, visual examination of a commercial property, typically conducted at regular intervals such as a 12 month period. It is designed to identify defects within specific systems and components as delineated in the International Standards of Practice for Inspecting Commercial Properties (ComSOP) and to monitor the condition of a building over a period of time for purposes of capital management/capital planning. The ComSOP is typically used as the checklist for a Maintenance Strategy Inspection, which may also be referred to as a Preventive Maintenance Inspection or a routine building inspection, performed to help the property owner establish a prioritized list for immediate repair needs and items to be viewed as deferred maintenance.

Regular inspections help extend the life of assets and minimize financial, safety, and operational risks. When paired with cost-estimating services, they help map out the planning, budgeting, and forecasting necessary for success in commercial real estate.

Designed for financial institutions that need a Field Service Inspector to conduct an assessment on a property. Whether it be new construction phases, annual lender assessments, or anywhere in between.

A triple-net lease, also referred to as a net-net-net lease or NNN lease, is a lease agreement where the lessee (a single tenant) is responsible for paying the lessor (landlord) on a net-net-net basis for the following: real estate taxes; insurance; and property maintenance.

Contrary to a single-net lease, double-net lease, and gross lease, technically, the lessor owns the building and land but assigns other operating expenses to the lessee in addition to the basic rent, such as building maintenance and repairs.

Unfortunately, there are times when a property owner might not be fully aware of the condition of the building or may not have fully disclosed the state of the building and its systems, or times when a single tenant neglects their maintenance duties or has poor-quality workmanship carried out on the property in order to save money during the term of a lease. This can easily result in expensive problems for one or the other (lessee/lessor) at the beginning and/or at the end of the rental agreement.

Additionally, discrepancies can arise between the landlord and tenant about the condition of the building and its attributes during any period of the lease. Having an assessment performed by an uninterested 3rd party is often a viable solution for establishing common ground.

Sometimes called a ‘Commercial Lines Inspection’, this is a detailed, on-site survey of a business property, ordered by insurers (or for buyers/lenders) to assess risks, hazards, and overall condition for underwriting insurance policies, covering structural integrity, building systems (HVAC, electrical, plumbing), fire safety, and surrounding property to ensure it meets minimum standards, as well as to identify maintenance needs.

A lot can go wrong while you are away or in-between tenants. This periodic inspection is designed to keep you apprised of what is happening at your vacant, abandoned, or partially occupied property and alert you to anything that might require immediate action. This inspection is useful for absentee owners, abandoned buildings, vacation homes, and properties that are rented out.

It is recommended that commercial property inspections be performed on all vacant properties or abandoned buildings on a regular schedule. The frequency of an inspection (weekly, monthly quarterly, etc.) will often vary depending on the building’s current condition, geography, and environment.

For those times when you are not in need of a full inspection and only need certain systems assessed.