The object of a budget in a commercial or retail building is to track and control income and expenditure. Every month and quarter through the year the budget can be compared to actual money earned in rent and spent in outgoings. Adjustments are then made to ensure that the landlord doesn’t experience any unknown financial…
When it comes to commercial or retail property investment today, the outgoings costs can be a real drag on net income. Without some controls, landlords and property investors will struggle with lifting net income and market rents. Before I go too much further with this topic I will say that most tenants today are very…
The function and focus on a shopping centre should be on the future it provides for both the landlord and the tenants. That being said, certain categories come to mind as quite important to property operations and performance. Planning outgoings and operational costs is a big part of that. That is why you need a…
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