**Commercial Property Condition Reports Are Custom Made to **
**Meet the **Unique Needs of Each Client
All Commercial Property Condition Assessments, or inspections, are not the same. In fact, reports will vary substantially, based on the particular information clients need relative to a particular property.
Clients come from many sources.
**Owners **often need to know how well a property has been maintained, especially if they have leased the property to a business.
**Potential leasers **need to know the conditions and expected maintenance costs of those systems and building components they are agreeing to maintain during their lease period.
**Buyers **require a wide range of information depending on their intended use of the property.
The following list introduces some of the services that may be involved in Commercial Property Conditions report.
Due Diligence
To make a good decision, you need to have important information about the building. What is the condition of the roof and what is its repair history?
What kind of heating and cooling (HVAC) system does the building have; is there
a central plant system, or are there split systems, package units, boilers, chillers, cooling towers, etc?
Do the building plans indicate any significant modifications have been made to the building; are there previous environmental reports, maintenance records for HVAC, roofing, elevators, fire sprinklers, and other installed systems?
**Basic Evaluation provides valuable information on: **
������ Roofing
������ HVAC or Cooling and Heating
������ Structures, Exteriors, Interiors
������ Plumbing, Mechanical, Electrical
One can also provide:
������ Repair Cost Estimates when required.
������ Five-Year Cost Projections when required.
������ Fire Sprinkler Inspections by an Independent Licensed Contractor
������ Elevator Inspections performed by State Approved and licensed Contractor
������ Phase One Environmental Assessments
������ Life Safety Review
������ ADA — Accessibility Review
Relevant Questions that a Client May ask during a Property Condition Analysis.
**How long will the roof last before needing **replacement?
How long will the heating and cooling systems (HVAC) last before needing replacement?
Is the electrical system adequate and safe?
Has the building been modified and are proper permits on file and engineering reports available?
**How about interior and exterior surfaces? **
Have they been well maintained?
When will parking areas need resurfacing or replacement?
What is the status of the building’s ADA or accessibility provisions?
What events would trigger a need to update and what are my options?
(Local jurisdictions often do not require that existing buildings adopt ADA required improvements unless the buildings are substantially altered or modified. The extent of alterations, structural repairs, or additions necessary to trigger ADA requirements may be set to a dollar amount adjusted annually by the local enforcing agency. This amount is typically in the $70,000 range. Meeting these exclusions will not necessarily prevent litigation based on state or national requirements for accessibility.)
Marcel