HOW DO I CHARGE TENANTS THE CORRECT RENT BASED ON SPACE OCCUPIED AND COINCIDENTLY SAVE ON PROPERTY TAXES ?
To many, the term "As-Built" is used in place of Improvement Location Survey;they are one in the same.
An As-Built Survey depicts or notes the position, horizontally and, where required, vertically, between particular existing improvements with respect to the applicable municipal or statutory requirements. The purpose of this type of survey is to enable determination of compliance with said requirements. No other improvements or features need be depicted.
The client would like to compute the exact areas as-built so that they can assess how much to charge the tenants for the land use and at the same time compare the basis of the property taxes paid.
PhilSurv conducted an as-built and detailed measure survey in order to get dimensions of common areas composed of utilities, stairs, elevators, common rooms and lobbies.
The client used Philsurv’s maps and summarized excel reports that made management’s job of preparing reports easy. Negotiations with tenants and tax authorities was easy with the clear data presented.
HOW IS IT USEFUL ?
• Find out if you can make any tax savings by measuring the actual areas used for business or residential.
• Verify the actual area used in order to charge your tenants for common area, business or residential use.
• Management can easily identify common area use with the use of Excel’s Pivot table technology. Making reports and sorting data easy as 1, 2, 3.