It’s your typical day in residential. Another tenant has given you pathetic excuses about not paying rent, yet another leaking toilet, and you think “gee, maybe it would be easier if I moved into Commercial Property Management”.
Hold that thought …. Let me break some of the commonly held misconceptions for you:
It has to be easier / it’s not really that different
Ah no, firstly whilst your have various Property Law acts in each state, you have to contend with The Lease. This unwieldy document can be over 50 pages long and the part of the lease that you need to refer to which defines what it Lessor and Lessee responsibility is always the last thing you find. Of course, its rare two leases are the same …