Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the property manager for a portfolio of commercial properties. You work on behalf of a wealthy overseas family who owns the properties. One

image text in transcribed
You are the property manager for a portfolio of commercial properties. You work on behalf of a wealthy overseas family who owns the properties. One of the properties is an office building with a Green Star 5 star rating and NABERS NZ 6 star rating. You recently leased the building to a tenant, Modern Finance Limited, using an unmodified ADLS Deed of Lease. You inspected the offices earlier today and noticed the tenant has unexpectedly removed the interior (carpet, ceilings, some building systems} and installed a huge cryptoourrency mining system throughout the building. The building was warm as the system was clearly using large amounts of electricity. Identify the key risks for this situation and discuss practical steps that a proactive property manager could have taken to mitigate these risks. Maximum word count: 300 words

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Back To Basics

Authors: Johan Van Der Sandt

1st Edition

B0CR566XVM

More Books

Students also viewed these General Management questions