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Property Levy Proposed to Fund Fire Service

September 3, 2014 By Tracey

Source: Interest.co.nz website 12 August 2014

The Insurance Council of New Zealand (ICNZ) is pushing for change to the way the Fire Service is funded, arguing the existing Fire Service Levy unfairly places the burden on insurers rather than the Government for the provision of a public good.

[Read more…]

Filed Under: Body Corporate, Commercial Property, News Tagged With: Body Corporate, Commercial Property

How colour can transfer your commercial space

July 24, 2014 By Tracey

By Richard Cranenburgh

Kiwis have a reputation for being creative and resourceful. Yet more often than not the commercial spaces we work in do not reflect this. A commercial premises needs to work on an aesthetic level for a number of reasons, starting with attracting and retaining good tenants.

I also believe strongly that the buildings we work in day after day have the potential to alter our emotions, either positively or negatively. People spend a good percentage of time at work so let’s make it an experience to visit the building for those who work in it every day – and for clients when they visit. [Read more…]

Filed Under: Body Corporate, Commercial Property, News

Does your Long Term Maintenance Plan Measure Up?

July 24, 2014 By Tracey

By Tracey Rissetto

It always amazes me how far water can travel, especially INSIDE a building.  With the wild weather we have been having, leaks (both old and new) have appeared or grown, which brings us to the question of Maintenance.

A Long Term Maintenance Plan (LMTP) gives commercial property owners an understanding of the types of expenditure you should be allowing for and an awareness of the likely timing of major expenditure items.  Over time, a maintenance plan will enable prospective purchasers to see that maintenance has been planned for and executed, and will add value to your property as a whole.

Warranties on building materials may require regular attendance to maintenance issues in order to remain valid, for example regular building washes.

Keeping up to date with the ongoing maintenance costs will not only help you keep your balance sheet in the black, it will help you maintain the value of your asset. [Read more…]

Filed Under: Body Corporate, Commercial Property, News

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