Managing Commercial Properties: Key Considerations and Benefits of RICS Registration
As a professional property management firm in the Southwest, we understand the complexities and responsibilities that come with managing commercial properties. Whether you’re a seasoned landlord or new to the commercial property market, it’s crucial to stay informed about the latest legislation and best practices to ensure your investments are well-protected and profitable.
Understanding Legislation
One of the primary concerns for commercial property landlords is staying compliant with ever-evolving legislation. Key areas to be aware of include:
Health and Safety Regulations: Ensuring your property meets all health and safety standards is paramount. This includes regular inspections, maintenance of fire safety equipment, and adherence to building codes.
Energy Efficiency Standards: The Minimum Energy Efficiency Standards (MEES) require commercial properties to have an Energy Performance Certificate (EPC) rating of ‘E’ or above. Non-compliance can result in significant fines and restrictions on leasing the property.
Lease Agreements: It’s essential to have clear and comprehensive lease agreements that outline the responsibilities of both landlords and tenants. This helps prevent disputes and ensures smooth operations.
Managing Commercial Properties: Benefits of RICS
Choosing a Royal Institution of Chartered Surveyors (RICS) registered firm such as Vickery Holman to manage your commercial property offers numerous advantages:
Professional Standards: RICS members adhere to strict professional standards and a code of ethics, ensuring high-quality service and integrity in all dealings.
Expertise and Knowledge: RICS registered firms have access to the latest industry knowledge and training, enabling them to provide informed advice and innovative solutions tailored to your property’s needs.
Dispute Resolution: In the event of a dispute, RICS offers a range of dispute resolution services, including mediation and arbitration, to help resolve issues efficiently and fairly.
Market Insights: With their extensive market knowledge, RICS registered firms can provide valuable insights into market trends, helping you make informed decisions about your property investments.
Our Multi-Disciplinary Approach
At Vickery Holman, we pride ourselves on being a multi-disciplinary firm that offers a comprehensive range of services to meet all your property management needs.
Our team includes Building Surveyors who can advise on any cost of works, ensuring your property is maintained to the highest standards.
Our Lease Consultancy services mean we can action any lease dates to ensure fair market rents.
Our Commercial Agency team is skilled in marketing any vacant spaces, while our Rating team works to ensure any liability is reduced during marketing. Additionally, our Valuation team can provide opinions on value for a number of purposes, including tax and pensions.
Conclusion
Managing commercial properties requires a thorough understanding of legislation and best practices. By partnering with an RICS registered firm, landlords can benefit from professional standards, expert knowledge, and valuable market insights, ensuring their properties are well-managed and compliant with all regulations. If you have any questions or need assistance with your commercial property, don’t hesitate to reach out to our Property Management team for expert advice and support.
