As the commercial property landscape continues to evolve, here is a brief checklist for commercial landlords.

Aim to work through all items early this year to prepare for success in 2025:

General Check-in
Do a general check-in with all tenants. Tenant retention is important. Reliable tenants reduce costs, particularly with inflation and interest costs remaining unpredictable.

Lease Rent Reviews, Renewals & Expiry
Review when the next rent reviews, renewals, final expiry are due. Action accordingly.

Regulatory requirements
Stay informed on regulatory changes ie seismic strengthening requirements, changes to the ADLS standard lease form, environmental compliance.

Maintenance
Complete or schedule work and maintenance that is the landlord’s responsibility. This goes to retention of reliable tenants.

Future proofing
If a tenant’s lease is coming to an end and they are not renewing, reflect on re-leasing or selling. Make an appointment with an agent to discuss and come and chat to us.

Building Compliance
Ensure building compliance ie BWOF.

Insurance and Financing
Review insurances and financing arrangements.

You don’t have to do everything at once. But by staying proactive and informed, commercial landlords can position themselves for success in 2025. The team at Southern Peak Law are always happy to assist with all leasing needs.