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Services - Dilapidations

Dilapidations Assessment, Negotiation & Schedule Preparation

The individual’s perspective varies according to their status, namely Landlord or Tenant.

Landlord

As the owner of property, it is essential to maximise your asset’s worth by extracting its full potential, in this respect it is important to ensure Tenants comply with their lease obligations to maintain and repair throughout the lease term. We assist owners by providing a pro-active series of inspections and advice reviewing lease compliance and where necessary serving repair notices and monitoring the necessary remedial works using Schedules of Dilapidation.

Tenant

Depending upon the leases content, your business may be entirely responsible for the cost of both preparing and negotiating a Schedule of Dilapidations served upon you by your Landlord, when added to the cost of any legitimate works, the financial implications can be significant. If you are unaware of your potential liabilities a dilapidations assessment will enable you to establish an appropriate strategy and budgetary provision. A pro-active stance can substantially reduce your liability in terms of both the works and professional fees for which you might be responsible. It is also not unusual for Landlords or their surveyors to inflate the value of the works required or to identify items they are not legitimately entitled to under the lease and great care is therefore required when considering your position and response.

Schedules of Condition

Schedules of ‘Condition’ are often confused with Schedules of ‘Dilapidation’. In fact they are very different in their composition and purpose. The former are a written record (supported by photographic evidence) of the physical condition of a building at a point in time. Schedules of Condition can vary from brief to highly detailed depending upon the circumstance and the condition of the subjects in question.

A Schedule of Condition might be attached to a lease to record a properties condition at day one. Schedules are also used by developers and contractors to record the condition of properties to protect their interest against adjacent owners spuriously claiming damage caused by their alteration or development works. The level of detail and quality of a Schedule is vitally important if your interest is to be properly protected. All too often Schedules are poorly prepared leaving the client unprotected from that which they had sought to protect themselves against.