Our accredited Building Consultants have extensive experience in assessing, scheduling, pricing and negotiating make good obligations on behalf of both landlord and occupier clients, ensuring our team has a holistic view of the make good process and is well-placed to negotiate the best outcome, regardless of circumstances.
To further provide our clients peace of mind, we always apply the RICS Best Practice Guidance Notes to the make good process, which is considered the industry standard for all matters relating to Make Good Schedules.
Our expertise includes:
- Review and assessment of the lease, licences and related documentation
- Property inspection
- Application of relevant statute and case law
- Cost analysis
- Preparation and service of schedule of make good obligations
- Negotiation and settlement of make good claim
- Project management of make good works
- Ongoing liaison with the landlord and tenant
Knight Frank Australia provide a one-stop service from initial advice and recommendations to a successful negotiation of claims and completion of agreed make good works, if necessary. Our specialist Project Management team is ideally positioned to assist with implementing the make good works on your behalf.
What’s a make good schedule of obligations and what’s involved?
A detailed schedule of make good obligations is prepared by a landlord’s building consultant outlining items of reinstatement, repair and redecoration that form part of the tenant’s make good obligations under the terms of their lease. Once agreed with the tenant, a financial settlement may be negotiated or the tenant may undertake the make good works prior to termination of the lease.
Make good obligations can arise during (interim) or at the end of a lease (final or terminal) and generally comprise issues relating to a tenants’ failure to comply with maintenance, repair, reinstatement, yielding up or similar covenants contained within their lease.