Madison Management explains a commercial property landlord’s responsibilities after leasing a property - PowerPoint PPT Presentation

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Madison Management explains a commercial property landlord’s responsibilities after leasing a property

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The profitability of a commercial property demands steadfast management by the property owner. Although the landlord enjoys the upper hand when it comes to laying down the conditions of the lease, the responsibility of maintaining the property is usually divided between the landlord and the tenant through negotiation between the parties. The responsibilities can also be delegated to property management services like Madison management for efficiency. – PowerPoint PPT presentation

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Title: Madison Management explains a commercial property landlord’s responsibilities after leasing a property


1
Madison Management explains a commercial property
landlords responsibilities after leasing a
property
2
Commercial property landlords responsibilities
after leasing a property  
  • The profitability of a commercial property
    demands steadfast management by the property
    owner. Although the landlord enjoys the upper
    hand when it comes to laying down the conditions
    of the lease, the responsibility of maintaining
    the property is usually divided between the
    landlord and the tenant through negotiation
    between the parties. The responsibilities can
    also be delegated to property management services
    like Madison management for efficiency.

3
Here are the quick overview four major
responsibilities of the landlord after tenant
occupancy.
  • 1. Maintenance of health and safety codes
  • Most leases are signed with assurances by the
    landlord regarding healthy and safe
    infrastructure within the property premise. This
    is why it is the responsibility of the landlord
    to ensure that all these standards are met. It
    includes the maintenance of a drainage and sewage
    system and well-designed ventilation and
    exhaust-release system among others.

4
Here are the quick overview four major
responsibilities of the landlord after tenant
occupancy.
  • 2. Maintenance of security standards
  • Leases generally encompass conditions which
    require adequate maintenance of security
    standards by the landlord. The landlord is
    expected to update the security measures of the
    property and protect tenants from property theft,
    fire risks and natural disasters.

5
Here are the quick overview four major
responsibilities of the landlord after tenant
occupancy.
  • 3. Maintenance of a common area
  • The maintenance of the common area of a property
    is usually a shared responsibility between the
    property owner and the tenants. The hiring of a
    property management service like Madison property
    management is always a good idea to coordinate
    the maintenance of common area.

6
Here are the quick overview four major
responsibilities of the landlord after tenant
occupancy.
  • 4. Payment of taxes of property under self-title
  • A responsibility no landlord can shy away from is
    the payment of taxes for the property under his
    or her title. This is of course a vital
    responsibility. However, busy property owners can
    transfer the management of property taxes to
    property maintenance firms like Madison
    management services.

7
  • Contact us for more information on madison
    management
  • Connect us through http//madisonprop.com
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