Lease-Ready Turnaround
Clearing abandoned property is only part of the objective. Property owners and managers also need spaces returned to service quickly and efficiently.
Lease-Ready Turnaround services focus on reducing downtime, minimizing waste, and helping prepare spaces for re-leasing once the abandoned property process is complete.
What Lease-Ready Turnaround Addresses
Lease-Ready Turnaround is designed to help with:
- Reducing time between vacancy and re-lease
- Minimizing demolition, hauling, and disposal costs
- Improving presentation for prospective tenants
- Coordinating removal, clean-out, and close-out activities
This service is commonly used in commercial abandoned property cases but may also support residential properties where appropriate.
Get Your Property Back To Lease Condition FASTER!
With a typical Abandoned Property auction, the successful bidders are not required to remove everything they win from the site. Winning bidders then pick and choose items, removing high-value items and leaving behind low-value ‘trash’ - including fixtures and fittings - that the building owner then is responsible for disposing of. This creates additional expense in the process and adds significant time before the lease space is available for turnaround.
Property not completely empty is difficult to lease, as potential clients want to see an empty space. Not only do we attempt to remove 90% or more items in the auction stage, but we also help with finding reputable donation partners for items that don’t sell due to the perceived value.
We can provide additional services including site close-out, where we remove all remaining items and clean up the site, and our contractors can professionally patch & paint walls, and remove signage & branding at reasonable rates.
How Lease-Ready Turnaround Fits Into The Process
Lease-Ready Turnaround typically follows:
- Completion of required notice and holding periods
- Lawful disposition of abandoned property
- Coordination with property owners and managers
It is intended to support, not shortcut, statutory compliance.
The VOID - Case Study
The VOID was a cutting-edge, high-tech VR (Virtual Reality) concept with over 30 locations worldwide. We completed asset disposition for several of The VOID’s stages with compressed timeframes and complete space clean-up of specialist audio-visual, IT, truss, and staging equipment.
Locations were closed out within as little as 25 days, and over 95% of all items, including fixtures and fittings, were sold. The remaining items were donated to local theatre groups, leaving very little waste at the end of each clear-out. For each location, over eight tons (the equivalent of nine 40-yard dumpsters) of waste was saved from landfill, reducing the environmental impact of the project.
Due to the complex nature of some of the installation, IATSE riggers were utilized to remove overhead stage trussing. Parts of the truss were integrated into the fire control systems, requiring delicate and coordinated removal with contractors to ensure the integrity of safety systems was retained on removal.
Specialized electronic and special-effects controls were removed, with electric, gas, and water lines capped and secured. A full palette of hazardous materials, including lithium-ion batteries, needed to be disposed of in accordance with state regulations.
Lease property owners benefitted from estimated demolition savings alone of more than $32,000 per site, in addition to significant gains from the sale of the assets.
Let’s Talk
If you’re focused on returning a space to service and want help minimizing delay, cost, and waste, we’re happy to help.
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* If you would like to upload files (such as your eviction paperwork or images of the abandoned property), you can switch to our long form here.