Three reasons you need Planned Preventative Maintenance in your life
Whether you are a landlord or a tenant of a commercial property, Planned Preventative Maintenance (PPM) is the smart approach to maintaining a property’s condition.
Prevent problems from escalating
The main premise of a PPM programme is to prevent problems before they occur, or certainly before they develop and become more severe. Where maintenance tasks are scheduled ahead of time, to take place on a regular basis – even while an asset is still functioning normally - reactive work can often be prevented, avoiding the need for works that create disruption to the property and its occupants.
Taking a proactive approach to maintaining a property rather than waiting for an issue to develop in severity is usually far more cost efficient. As well as a higher cost for materials and labour, major unplanned repair work can often result in significant disruption.
For a landlord, this can mean a period of time during which rent cannot be collected, and for a tenant, may result in having to temporarily close all or part of the premises.
Taking a proactive approach to maintaining a property rather than waiting for an issue to develop in severity is usually far more cost efficient.
Plan and manage cashflow
If you know the issues that you are likely face and a rough idea of when they might need addressing, you can better manage and plan for any expenditure. Having to instruct emergency repairs can drain cashflow, potentially leaving you struggling to pay other bills or ongoing business costs.
Lea Hough Chartered Surveyors work with both commercial landlords and tenants to ensure buildings are maintained to a good standard, helping to keep disruption and costs to a minimum. For more information on putting a PPM programme in place, contact us.
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