IRI Leases and Maintenance Charges

Other than Internal Repairing and Insuring (IRI), industrial properties often offer Full Repairing and Insuring (FRI) leases, meaning the tenants are responsible for maintaining, repairing, and insuring the whole building throughout your lease. IRI is considered easier than FRI lease as you will have less responsibility – only cover the upkeep and repairs of the internal parts of your building. However, in terms of rent payment, IRI tends to be more costly than FRI.

• You won’t need to worry about your external maintenance anymore and you can allocate more of your precious time to your business. From small fixes to significant repairs — we will make sure to take care of all external repairs.
• By consistently running a high-standard and well-planned maintenance program throughout your lease, we will ensure your building is always clean, tidy, and looking smart to welcome your important customers to pop in for a cup of tea.
• With regular external repair, we strive to help you move in and move out smoothly to avoid time-consuming dilapidations. Many tenants ignore their maintenance and repair obligations – leaving all the work to the end, which may give them a lot of tasks to complete before moving out or getting a dilapidation bills for the issues they have neglected.

• External maintenance (e.g gardening, paths, roads)
• Cleaning and repair work to common areas (e.g. estate roads, signage, and security)
• Lighting
• Estate staff
• Regulatory compliance (e.g. extinguishers and other emergency equipment)