What Is A Make Good?
A ‘Make Good’ obligation is essentially what it sounds like. It is the tenant’s obligation, when reaching the end of the lease term, to ensure that they ‘make good’ the premises before leaving. This is a standard clause of most commercial leases requiring the tenant to return the property to the landlord in its original, clean and tidy state. Make Goods exist in order to be fair to both parties when it comes to the make good works the tenant will be required to undertake. A well drafted Make Good clause will specify how certain areas and items will be handled at the end of the lease, making it clear for everyone. This may involve fit-outs installed by the tenant or ownership of certain items within the property. Ultimately, the Make Good clause contributes to a more seamless leasing process and avoids disputes between the tenant and landlord upon the end of the lease.
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There are certain projects we love delivering at BRM. Often they present a challenge by way of time or circumstance. WingArc Australia was one such project.
BRM Projects came on board to offer strategic guidance at a time when WingArc Australia was undergoing a period of significant transition. Our involvement in the company’s move to a new workplace reflected the type of guidance we offer and how that guidance can make the difference between a quick fix and a truly successful outcome for the business. BRM Real Estate has secured a long term lease for OzChild at 14 Mason St Dandenong. The deal is the next exciting step in the execution of the national service provider’s Accommodation Strategy, facilitated by BRM Projects.
BRM Projects has provided strategic property advice to its client, OzChild for over one and a half years. Its sister company, BRM Real Estate finalised the lease, on behalf of OzChild, at the former ATO Building, 14 Mason St, Dandenong in mid July 2018. The property will become OzChild’s first major office hub for Victoria’s South East and the blueprint for future offices. The lease, which was secured through negotiations by BRM Real Estate and Josh Tebb from Jones Lang Lasalle, is the first in a number of leases for OzChild being sought after by BRM Real Estate. Indrani Tharmanason - CHIEF FINANCIAL OFFICER OF WINGARC AUSTRALIA
Indrani Tharmanason took five minutes to sit down with us and reflect on the year that has passed in WingArc Australia’s new workplace, facilitated by BRM Projects. WingArc Australia (previously Space Time Research) is a leading provider of business intelligence and enterprise analytics software, now based at 360 Collins St. When selecting a new office space, it’s important to get this decision right. Your new workspace can influence your internal work culture and says something about your brand to visitors.
If your workspace isn’t working for you, now is the time to start thinking about why and what you can do about it. So, why do so many fail to allocate a realistic budget and allow for upfront costs? Location is always a key factor with any type of real estate decision. Ideally, the location of your office should be convenient to get to for employees and clients.
Think about how your employees travel to work. Consider the proximity to public transport, parking, even bike tracks, if you have a few employees who like to ride to work. Business is now more reliant on technology than ever before. When moving to a new office space, it can be the IT infrastructure that causes the biggest headache. You can avoid this with some forward thinking prior to signing your lease.
When we stop to reflect, it’s easy to realise the actual work we do has changed dramatically over the past 10, 5 and for some industries, even 2 years.
Recently, the World Economic Forum not only confirmed that the most in-demand occupations today didn’t exist 5 years ago, but also predict that over 50% of children in primary school will hold jobs that don't currently exist. So, what does this mean for the humble office? Just as we are seeing the transformation of libraries and civil centres, the purpose of the office must also change. At BRM Projects, we take commitment to our community and environment seriously. That’s why we’re now a certified B Corp. We’re on board to make business a force for good.
BRM Projects is dedicated to finding and creating great spaces to work in. We’re also passionate about making people and the planet a priority alongside profit. Becoming a B Corp was a natural fit for BRM Projects and our business model. Our recent certification validates the positive impact of our existing efforts and we’re excited to be part of the Australian movement to do business a better way. |
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