Do you know the difference between quantity surveyors, land surveyors and building surveyors?

Building surveyorsAnd why should you care?

Most people in New Zealand are aware of quantity surveyors and land surveyors, but there’s a new kid on the block… building surveyors.

Building surveying is a whole new industry that has sprung up in New Zealand in the last couple of years, and it’s catching commercial property tenants unaware.

The profession is still unknown in many parts of the world, but has arrived on these shores from the UK.

In the past decade, the increase of leaky buildings has seen the demand for independent experts on the condition of building structures increase.

The professional building surveyor carries out detailed analysis of the condition, depreciation and value of a property and its improvements.

Building surveyors are taking the assessment of wear and tear on a property to a whole new level, which is not a bad thing.

However, there is a real danger that commercial property tenants can get caught out by the new level of rigour the surveyors apply.

Landlords are starting to get tough on ensuring business tenants keep on top of refurbishments and maintenance of premises on an ongoing basis.

Many commercial leases have clauses requiring a business to keep a building in good condition by ensuring it is regularly refurbished.

It is easy for a business that doesn’t keep a close eye on the conditions of their lease to get caught short now that landlords are engaging building surveyors to check out the condition of their buildings on a regular basis.

It is something that shouldn’t be taken for granted, as the costs involved can end up being quite substantial.

In the next article I’ll we cover the implications for reinstatement at the end of the lease and how this can cost a business millions of dollars if they are not prepared.

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