Commercial Property Management - Reducing Risk and Adding Value Melbourne, TBC, Tuesday, 16. June 2020

Commercial property management (CPM) is a high value business with $200 bn under management in Australia (IPD) so Property Managers (PM’s) need to be on top of their game and think through risk and value to maximise returns. This 1/2 day course cover 8 areas of CPM which minimise risk and maximise value.
Lease Management - PM’s need to fully understand each and every lease in their portfolio. There is no such thing as a standard lease. Leases need to be read and summarised and key terms entered into your PM system to produce an accurate Tenancy Schedule. What are the key terms and issues?
Rent Reviews - market rent reviews can be very difficult to trigger correctly and manage to a good outcome. A strategy is required for multiple reviews to maximise value. What does a rent review strategy look like?
Options - tenant options also need careful management. Do you want the tenant to exercise the option or is there a better way for the landlord?
Bank Guarantees - what are the key terms of a bank guarantee and what are the pitfalls?
Make Good - how to extract best value from a make good? Is a payout a better way?
Retail Leases - what are the key differences between Retail and Commercial and what aspects of legislation are key to comply with?
Outgoings Recovery - why does this area of PM cause so many issues and how to ensure you comply with the lease and maximise recovery?
Maintenance, Repairs, Replacement and Capital Expenditure - whose responsible for what and why? How to categorise expenditure and ensure compliance with the lease?
This half day course will provide appropriate professional development but also provide some key take aways for day to day management of property assets. It will count as 12 NSW OFT Real Estate CPD Points and four hours of formal CPD.
Presented for RICS by Paul Nelson BSc Urb Est Man, MBA, MRICS, Assoc Dip Val, LREA one of Australia’s most experienced Property Asset Managers and Educators


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Reschedule or Cancellation of Training
Due to the nature of training, we may require to reschedule or cancel due to unforeseen circumstances. We will do our best to email all attendees as soon as possible, should this occur. Should a reschedule or cancellation occur, RICS will not be responsible for any costs, damages or expenses (i.e. travel) etc... that you may suffer or incur.

Tuesday, 16. June 2020, TBC, Commercial Property Management - Reducing Risk and Adding Value Melbourne

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