Dilapidation
If you are looking at buying or renting commercial property you will need to consider that you will be directly or indirectly responsible for the maintenance of that property. Advice on this before committing to a deal can allow you to negotiate with a better understanding of your future liabilities.
Strengthening demand in the commercial property market has allowed landlords to negotiate longer term leases meaning that tenants need to look closely at the service charge provisions in their lease and the condition of the property to assess what the future costs could be. Consideration should also be given to negotiating a break option for longer lease commitments. Again, advice on this before making a commitment will pay dividends.
We can provide assistance and where necessary, refer you to other property professionals to fully discuss your proposed transaction in the following areas: