You might have heard the term before, but what is make good? It’s often used in commercial office lease agreements to describe the process of restoring a space to its original state at the end of the lease. Vestra provides high-quality office fitout solutions and we have extensive experience in helping clients plan for the ‘make good’ process during the office fitout design process.
What Is Make Good?
Make good is the process of restoring a leased office space to its original condition as per lease agreements. To avoid potential disputes and additional office fitout costs, it’s important you plan to make good when your lease ends, and that can start during the design process of your office fitout.
How Much Does a Make Good Cost?
Your original lease document will set out what kind of ‘make good’ you need to complete when you vacate an office. It might say you don’t have to do anything, or it could say that you have to restore everything to the exact state you found it in. That could be a simple process, but if you have made a lot of changes to the interior or any structural upgrades, then a ‘make good’ could be costly. It all depends on the level of restoration required in your lease.
Tips for Reducing Make Good Costs
You can reduce make good costs by avoiding extensive structural changes to your office. However, like most businesses, you are probably more concerned that your office serves your business well while you are in it, and that’s fair enough. If you do want to make structural changes to your office, you can ask your fitout partner for an estimate on the make good cost so you can factor it into your costs for whenever you end your lease agreement lease.
The Make Good Process
There are several stages to the make good and these may include:
- Assessment and Planning: You should conduct an initial assessment of the leased space and fully understand the lease agreement terms. You can then plan the scope of work together to ensure you meet your obligations.
- Quoting and Budgeting: Contact suitable contractors with a reliable track record for delivering good Set your budget and get a full breakdown of the costs for the make good.
- Approval and Scheduling: Get approvals from your property manager and landlord, and plan a schedule of work to reduce disruption to your business and meet the deadlines set out in your lease agreement.
- Execution: Your fitout provider will commence with the work according to what is stipulated in your lease agreement.
- Inspection and Handover: Your landlord will arrange an inspection and handover with you to ensure all the requirements of your contract have been met.
Choose A Trusted Provider
Choose a trusted provider of office fitout design and make good solutions, such as the team from Vestra in Sydney. We know how to deliver high-quality office fitout solutions that will meet the terms of your lease in a cost-effective way.
With customised office fitout solutions, Vestra is here to help you. Contact us online today or call 02 8310 9922.
