When Leasing,Who is Responsible for Concrete Repairs?

When Leasing,Who is Responsible for Concrete Repairs?

Never underestimate the value of curb appeal; your business’ exterior reflects strongly on the perceived quality of your goods or services and can play an essential role in your success. And the exterior of your operation isn’t limited to your storefront or windows. It extends to the state of your building, the parking lot, and walkways.

One US-based survey found that almost 40% of drivers admit to avoiding shops where parking is a challenge.

And crumbling sidewalks and pothole-filled parking lots don’t only reflect poorly on you, but they are also a hazard to customers attempting to visit your establishment. But when you are renting commercial space, who is responsible for issues like concrete repairs?

I’m Leasing; Who Pays for Concrete Repairs?

Responsibility for concrete repairs in a commercial lease situation depends on the type of lease and the details agreed to when the lease was signed.

There are four main types of commercial tenancy agreements:

• Triple net leases
• Modified net leases
• Gross leases
• Percentage leases

In a triple net lease agreement, tenants generally take on all responsibility for property taxes, building insurance, and maintenance. Modified net leases leave the tenants responsible for taxes and insurance but outline an agreed-upon split of common area maintenance expenses.

Gross and percentage leases feature an agreed-upon rental rate, but the landlord continues to be responsible for all other expenses and maintenance of the building and common areas.

Why Concrete Repairs Shouldn’t be Ignored

Concrete repairs should be addressed in a timely manner; the problem isn’t going to improve by waiting, and the longer repairs are delayed, the more expensive they will become. Cracks in concrete start very small, but as traffic continues to put pressure up top and water infiltrates below the surface, a relatively minor fix can quickly turn into a much larger job.

In wet Vancouver weather, water infiltration is a particularly significant concern. Prolonged exposure to moisture can cause irreparable damage to concrete parking lots and parking structures.

Promptly engaging in concrete repairs also helps protect consumers and makes it easier for people to access your business. Cracks present a tripping hazard, while potholes and broken curbs can cause damage to vehicles attempting to navigate the parking lot.

Avoiding Concrete Repairs

A little upfront maintenance can go a long way in improving the durability and longevity of your concrete walkways, parking lots, and parking structures.

• Fill cracks and chips as they appear. There are inexpensive store-bought options available, or for larger projects, hire professional help.
• Keep walkways and parking lots smooth by grinding down uneven surfaces
• Stabilize low or sunken areas with cement or a pothole filler
• Seal the surface of your concrete every few years to protect against surface and moisture damage
• Regularly power-wash your concrete to keep it looking fresh

Concrete repairs are an essential part of a safe, well-kept business, regardless of where responsibility lies. If your lease or property needs concrete repairs, King Services Construction Group can help with fast, reliable service and competitive pricing.