Get Expert dilapidations Advice
Many landlords will instruct a building surveyor to set out a schedule of dilapidations prior to the end of a tenants lease so that both tenant and landlord are fully aware of the tenants repairing, decoration and reinstatement responsibilities under the lease. This enables them to prepare and plan for a smooth lease end and to negotiate a satisfactory settlement if the tenant is unable to meet their lease obligations.
Dilapidations are more commonly used for commercial leases. Without the security of the schedule a landlord could face financial loss in the event that premises such as a retail shop or warehouse unit were vacated and left in a state of disrepair with the landlord unable to rent it out immediately.
FREQUENTLY ASKED DILAPIDATIONS QUESTIONS
What is a schedule of dilapidations?
A schedule of dilapidations is a list of any defects present during or at the end of a lease. They include any repairs required by the landlord to return the property to a good state of repair as detailed in the lease.
What does a dilapidations survey mean?
This is a detailed survey which records the condition of a tenant’s premises towards the end of a lease
Should I consider an Interim Schedule of dilapidations?
If you are concerned that a tenant has undertaken unauthorised alterations which may harm the wider building or services, or you are concerned that a tenant is not complying with their lease obligations you can consider this as an option to enforce mid term repair in line with the lease terms.