A Commercial Property Condition Report (PCR) serves as a critical tool for creating a baseline record of the property's initial state.
At Asset Reports, we offer three types of Commercial Condition Reports to suit different types of properties:
Full Written and Photographic Report:
Best For: Offices with less than 500 sqm.
Features: Detailed written and photographic records of each element in a room/area—covering ceiling, lights, walls, doors, door frames, windows, and window frames.
Suited For: Smaller or older office spaces that require meticulous documentation.
Light Condition Reports with Full Suite of Photos:
Best For: Larger commercial/industrial spaces or new fitouts that exceed 500 sqm.
Features: A summarized evaluation of each room/area with added detail for elements that are unclean, damaged, or not functional. Includes extensive photographic and, where needed, drone imagery.
Suited For: New, recently refurbished, or larger properties.
Matterport 3D Virtual Tour with Light Condition Report and Drone Imagery:
Best For: Both commercial/industrial properties and new fitouts.
Features: A 'digital twin' of the property to support 'Make Good' clauses, along with a Light Condition Report and drone imagery.
Benefits: Streamlines compliance and minimizes conflicts by providing a clear, objective record.
Why You Need a PCR:
Baseline for 'Make Good' Clauses: The PCR sets a clear standard for the property’s initial condition, aiding in 'Make Good' obligations.
Dispute Resolution: A PCR serves as a neutral, third-party record that can help resolve disagreements related to property condition.
Protection for All Parties: Both tenants and landlords benefit from the clarity and transparency that a PCR offers.
Who Pays for the PCR?
Typically, the tenant is responsible for the PCR costs as specified in the lease agreement. The tenant benefits from a thorough record of the property's condition, which offers protection at the end of the lease term.
Admin Fees:
When agencies outsource the PCR, they commonly add an administrative fee to cover their costs for coordinating and reviewing the report. This, too, is usually considered a tenant's expense.
We are an independent and unbiased third party, ensuring full transparency and fairness for all parties involved.
With various options tailored to different property types and sizes, our Commercial Condition Reports are designed to facilitate a smooth leasing experience.
Contact us today to learn more about how our Commercial Reports can streamline your leasing process.
