Landlords

If you’re a commercial or industrial investor, your objectives may centre on:

  • safeguarding asset value;

  • maximising long-term net yield; and

  • maintaining a strong legal position with tenants throughout the leasing lifecycle.

Core areas where we protect commercial landlords:

1. Acquisition Technical Due Diligence (TDD)

Before purchasing an industrial or commercial asset, hidden structural or mechanical failures threaten your initial return. LRM delivers independent pre-purchase inspections to flag immediate liabilities:

  • Building Fabric & Envelope: Inspection of roof integrity, wall cladding, and structural components for water ingress and defects.

  • High-Cost Building Services: Audits of HVAC (mechanical), electrical switchboards, fire safety systems, and hydraulics. These are the components that drive unexpected capital outlays if neglected.

2. 10 to 15-Year Capital Expenditure (CapEx) Forecasting

Underwriting a commercial asset requires clear visibility into future expenditure.

  • LRM builds long-term CapEx models detailing when major building components (e.g. roof replacements, lift upgrades, plant overhauls) will need to be replaced.

  • Enables landlords to properly budget sinking funds, structure lease outgoing recovery clauses, and prevent losses.

3. Lease Commencement & Schedules of Condition

A major source of landlord-tenant friction occurs at lease expiry when enforcing make good provisions.

  • LRM prepares detailed, date-stamped Schedules of Condition at the start of a lease to baseline the property’s physical state.

  • Provides undisputed evidence of original condition, preventing tenants from blaming pre-existing defects when returning space.

4. End-of-Lease Make-Good & Dilapidation Assessments

When a commercial or industrial lease expires, returning the property to the condition it was in at the start of the lease (make-good) can tarnish a landlord-tenant relationship, lead to costly disputes, or it can be an opportunity to position the premises ready for marketing.

  • Dilapidation Audits: LRM assesses tenant lease obligations, detailing unauthorized alterations, unaddressed maintenance, or required fit-out removals.

  • Financial Recovery: Provides landlords with evidence to claim against bank guarantees, enforce reinstatement clauses, or negotiate accurate cash-in-lieu settlements.

5. Environmental Hazard & Contamination Due Diligence

Industrial sites often carry legacy chemical, fuel, or manufacturing contamination that poses statutory and legal risks.

  • LRM conducts environmental due diligence to check for soil/groundwater contamination and hazardous building materials (such as asbestos).

  • Protects landlords from acquiring uninsurable land or taking on costly remediation obligations.

6. Regulatory & Essential Safety Measures (ESM) Compliance

Non-compliant assets invite municipal penalties, tenant lease disputes, and potential insurance invalidation.

  • Audits assets against the Building Code of Australia (BCA) and Essential Safety Measures (ESM).

  • Ensures fire systems, disability access, and building safety meet statutory standards for continuous occupancy.

Why LRM?

We are qualified, local and experienced professionals.

Our advice offer solutions and forecast expenditure.

Giving you the ability to manage your returns with confidence.

Enquire now