Retail Property Inspections - Commercial Building Inspections
Pre-lease building photo documented inspections
Enhanced transparency in broker handled leased properties
When entering into a triple net lease, conducting a photo documented building inspection is crucial to verify building condition and compliance with lease terms and to accurately assess the property's condition and to ensure transparency in responsibilities. Additionally, performing annual follow up inspections help confirm the completion of agreed upon repairs, detect maintenance issues early, and support insurance underwriting. Consistent inspections protect investments and prevent costly disputes over repairs and responsibilities.
Key Points
1. Pre-lease inspection
- Verifies tenant and owner compliance with repair obligations before lease assumption.
- Provides photo documentation of property condition to prevent future disputes.
- Ensures all agreed upon repairs have been completed before taking over.
- Protects against unexpected maintenance costs by revealing hidden issues.
2. Insurance and underwriting benefits
- Provides insurers with clear risk assessments and condition reports.
- Help negotiate lower premiums by demonstrating proactive maintenance.
- Reduces liability by ensuring code compliance and identifying safety hazards.
3. Annual follow up inspections
- Confirms that necessary repairs and maintenance have been performed.
- Identifies new damage or deterioration that could impact property value.
- Strengthens legal protection by maintaining a visual record over time.
- Helps ensure compliance with tenant obligation under the triple net lease.
In My Experience
With over four decades of experience as a commercial contractor, I have been entrusted by property owners and commercial real estate brokers to inspect and prepare detailed construction cost estimates for hundreds of tenant buildouts. My expertise spans evaluating the physical building, including hazardous materials presence, including parking, mechanical, electrical, plumbing, and floor layouts to ensure they align with tenants functional needs. My thorough commercial building inspections and job cost assessments have consistently helped property owners and brokers make informed decisions, streamline lease negotiations, and accelerate projected tenant move in timelines.