What does make-good mean in a lease?
In commercial leases, "make-good" refers to the tenant's obligation to restore the leased premises to their original condition before the lease expires. This process often involves repairs, reinstating modifications, and cleaning, as detailed in the commercial lease agreement, to ensure the property is suitable for future leasing or return to the landlord.
How much does a make-good service cost?
The cost of make-goods for commercial properties, while variable, doesn't have a one-size-fits-all rate like office fit-outs. It's influenced by the same square meterage concept but adjusted based on specific requirements such as carpet replacement, electrical adjustments, and the extent of fitout removal and services reinstatement.
The precise cost per square metre for make-good services would depend on the scope and complexity of the work required, similar to how fit-out costs are determined but tailored to the make-good context.