The Impact El Nino May Have on Commercial Real Estate

September 15, 2015 was the second wettest day of rainfall since 1877 in Los Angeles County on record. Weather experts are forecasting El Nino conditions may create rain storms of cats and dogs in Los Angeles. Flooding rains are expected to peak from October to January and could create damage to infrastructure. Experts warn this could turn into the worst El Nino on record.

Commercial property management begins preparation for the winter season starting in late August because historically the rainy season starts in November.

If a tenant has a triple net lease where he or she is responsible for the maintenance, it is recommended that the property manager notify the tenant to prepare for the heavy rain season now to avoid damage and costly repairs. However, the Lessor may not have a property manager due to the triple net lease. Consequently, it is imperative for the owner to meet with the tenant or have a contractor inspect the premises.

Good property management checks the following items to prevent damage in heavy rain:

  1. Roof damage prevention inspections for repairs or replacement
  2. Cleaning drains on roofs and patios
  3. Paving repairs for pot holes or superficial cracks that need small repairs or slurry
  4. Inspecting of sump pumps for replacement.

Segal Commercial Properties can make recommendations for contractors to perform inspections or repairs if the owner of a property does not have a reputable company on hand.

Disclaimer: The content provided in this blog is intended for informational and educational purposes only. Nothing in this blog should be construed as legal advice or be used as a substitute for professional advice. The opinions expressed herein are solely those of the author and do not represent the views or opinions of any organization or entity that the author may be affiliated with. In no event shall the author be held liable for any actions taken based on the information provided. Any use of this blog in a court of law or in legal proceedings is expressly disallowed.

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Segal Commercial
2221 Barry Ave., Suite 200
Los Angeles, CA 90064