Build-to-Rent Commercial refers to commercial properties (shops, offices, warehouses, other commercial spaces) designed and built specifically for the rental market. These projects are owned by a single entity, usually a corporate entity or landlord, and are focused on delivering a high-quality tenant experience.
The properties are developed with specific management and sustainability standards, offering tenants modern, well-equipped living spaces.
FEATURES
1. Site identification and acquisition
Your land location should be within our covered regions. Given the long term nature of the investment, it is essential that careful consideration is given to the identification and acquisition of a Build-to-Rent site. Particular areas of focus should be to ensure the site is situated within proximity to a major urban area, local amenities and transport links.
Build-to-Rent investors should be prepared for stiff competition for the best sites, not just from other Build-to-Rent developers, but also from Build-to-Sell developers or investors, who will be able to realise a return from the site at a much earlier stage, and therefore may be willing to bid more aggressively.
2. Structure
The developers of a Build-to-Rent project need to consider whether the project is going to be a strata subdivision and/or will form part of a larger precinct comprising other commercial and retail components. Depending on the structure of the project, additional real estate documents may be required such as easement documents, strata by-laws, building management statements and precinct management statements.
3. Rental agreement
A template rental agreement will usually be prepared for a Build-to-Rent project. A Build-to-Rent Sponsor should draft the template rental agreement carefully to include any requirements of the Build-to-Rent developer and to comply with applicable residential tenancy laws. Some of the key points of difference with Build-to-Rent rental agreements are the length of the lease, less frequent rent increases and additional tenant rights and responsibilities.
4. Asset management
Build-to-Rent developments are usually managed by a single management entity with on-site access to management for tenants. Some key considerations for asset management are financial management; tenant management; maintenance and repair; compliance and risk management; and marketing and branding.
BENEFITS
The goal for investors in build to rent is not just to offer attractive renting options but also to see their properties appreciate over time.
Build-to-rent Commercial refers to commercial properties that are constructed specifically to be rented out for a steady income stream and potential long-term capital appreciation (smart investment choice), rather than for sale. It has multiple tenants paying rent, so the project owner will get a steady cashflow even if one or two units remain vacant.
REQUIREMENTS
You need to have your own litigation-free land registered in your own name, or a business you're a shareholder or owner of.
HOW TO APPLY
Simple online application form.
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