About This Course
Makegood refers to the lease clause outlining how a tenant must return a property when the lease ends, whether at term expiration or early termination. Standard leases often require tenants to restore the space to its original condition or a full open-plan layout, even if the fit-out was installed by a previous tenant.
You’ll learn about makegood obligations, the scope of work required, and how Tenant Representatives can assist clients in negotiating terms, sourcing contractors, and managing exit obligations. This course also explores situations where a disposal strategy may be preferable to reinstatement.
By the end of this course, you will:
- Understand what makegood obligations entail and how they impact lease exits.
- Learn the differences between reinstatement, makegood, and settlement options.
- Gain insights into the makegood process and key responsibilities.
- Explore strategies for tenants and owner-occupiers when preparing to exit a premises.
- Identify when a disposal strategy may be more suitable than reinstatement.
Topics Covered:
- Makegood Obligations and Inclusions
- Reinstatement/Makegood or Settlement?
- The Process of Makegood
- The Tenant Preparing to Exit
- The Owner/Occupier Preparing to Exit
Course Duration: Approximately 20 minutes
Access to Course: 7 days from date of purchase
