Part of a strata complex with body corporate insurance? Thinking your insurances are taken care of through the Owners Corporation’s insurance programme? No. They are not. As an individual unit owner you own the air space within 4 walls of your unit. The walls and the common areas outside your 4 walls are Owners Corporation [...]
Link Property Services are extremely proud to support the Buy a Bale Campaign to help the Australian Farmers through the devastating drought conditions across our country. If you like to help our farmers please donate at https://www.buyabale.com.au/
This is an area of protection within an insurance programme that is often an afterthought. Inadequate insurance is a real risk here as the difficulties of reinstating a building following a major loss can be substantial. The period you insure the lost rent (12 mths, 18 mths, 24 mths etc) becoming more critical depending on [...]
Expanded polystyrene panels. Many industrial units, shops, factories etc contain an element of EPS panel construction. Whether it be a functioning coolroom, a previous coolroom converted to storage, office panelling, dividing walls etc. etc. the ubiquitous EPS panel wall pops up in many places and for many reasons. BE AWARE- insurers specifically look to underwrite [...]
Obviously the business activities of your tenant have a fundamental impact on not only the pricing of your insurance but also the terms and conditions. Not only will your pricing change from tenant to tenant but your insurer may also have to change. If for example, the occupancy alters from a metal engineering supplies business [...]
If you have a net lease and the tenant pays outgoings this does not give them the right to arrange your insurances. It simply means they need to fund the reasonable costs of insuring the property. If you allow a tenant to arrange building insurance, quite obviously his risk appetite is different to yours. It [...]
I remember as a child the days spent on the sporting fields, then as a teenager and also as an adult. Most sports I played were team sports. I enjoyed the camaraderie with my fellow team mates, the injection of energy from the coach, the desire to win and the disappointment if I was injured [...]
The transformation of South Sydney and surrounds on the back of zoning changes in 2014, continues with commercial businesses with greater employment generation capacity moving into Alexandria/Mascot/Rosebery precinct and warehousing/logistics businesses increasingly moving toward the Port Botany suburbs of Botany, Banksmeadow and Matraville. Recent sales bear this out. In Alexandria we have seen: Listed property [...]
As one of four boys growing up in western Sydney, we did all the normal activities four boys do after school and on weekends. We were ecstatic when our dad brought home a used Atari 2600. Naturally we thought it was awesome, plugging in leads, tuning your UHF or VHF frequency (manually of course) on [...]
Industrial Pros • Longer leasing covenants (typically 3-10 years) • Fixed or CPI yearly increases • Tenant responsible for all outgoing costs • Higher ROI compared to its counterpart Cons • Incentives offered • Potential for longer vacancy periods • Economically influenced with factors such as consumer confidence and unemployment playing a role • Stricter [...]
