Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Commercial renting - management fees

Options
  • 09-12-2007 10:52pm
    #1
    The_Minister
    Registered Users Posts: 10,255 ✭✭✭✭


    Out of interest (I heard something about this recently) what would management fees normally cover in in a commercial tenancy?
    Is there an official breakdown of costs or is it just negotiated between the landlord and tenant?


Comments

  • Options
    #2
    Victor
    Registered Users Posts: 78,400 ✭✭✭✭Victor


    If this is something like a shared office block or shopping centre, it would cover anything that happens to the structure of the building, in the common areas of the building or to the exterior of the building.

    Primarily, this boils down into:

    * insurance of the building in case of fire, flood, etc.
    * managment, security, cleaning and annual and cyclical maintenance of common areas, etc. and public liability insurance
    * annual and cyclical maintenance of roofs, car parks, forecourts, etc.

    Check your insurances properly, especially.

    Often everyone in the building pays the same management fees, perhaps calculated on area basis, whereas the rent would be variable. The party you pay the management fees to might not be your (direct) landlord.


Advertisement