Schedules of Condition / Dilapidations
Whether from a Landlord or a Tenant’s perspective, Dilapidations may be regarded as either maintaining the value of an investment or minimising what can be a hidden yet substantial cost of occupation. In either case early representation by a specialist surveyor is essential.
When acting on behalf of Landlords it is usually possible to obtain proper compensation for buildings left in disrepair at the end of a lease or when acting for Tenants, to ensure that payments / works which need carrying out are not excessive.
Where a schedule of condition is prepared prior to taking occupation of leasehold premises, the document should be signed by both the Landlord
and Tenant before being appended to the lease.
Liability for the Repair & Reinstatement of Leasehold Property
It is always a prudent decision to appoint a building surveyor before initiating a break in the clause or reaching the end of a lease. Otherwise, you may find yourself unprotected, and liable for the building’s eventual repair and reinstatement works.
From items of disrepair to breaches of covenant, we provide both landlords and tenants with professional advice concerning their potential liability for the repair and reinstatement of leasehold property.
Schedule of Dilapidations
We compile detailed and professional Schedules of Dilapidations. Our reports are in accordance with current legislation and protocol, ensuring that a tenant complies with their lease obligations, and returns the property ready for letting, thus minimising vacant space, and maximising financial return.
If you are approaching the last three years of your lease, our building surveyors can provide comprehensive advice regarding your lease obligations. Doing so can help ensure that you’re not held accountable for any repair or reinstatement costs over and above the legal obligations contained within the lease.
Schedules of Condition
When acting on behalf of either the landlord or tenant, we will provide a comprehensive Schedule of Condition, accurately recording the condition of a property prior to entering into a lease. This is an essential document to limit or prevent any spurious claims at the end of the lease, in terms of a tenant’s repair and reinstatement liability
